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Technology Stocks : Alcatel (ALA) and France

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To: bertrand bidaud who wrote (543)3/16/1999 10:31:00 PM
From: Steve Fancy  Read Replies (1) of 3891
 
DBS Indus, Alcatel Extend Satellite Pact Talks To March 31

MILL VALLEY, Calif. (Dow Jones)--DBS Industries Inc. (DBSS) and Alcatel S.A.'s (ALA) Alcatel Space Industries unit extended the deadline on negotiations on an end-to-end space craft contract to March 31 from Monday.

As reported Dec. 28, DBS and Alcatel signed a memorandum of understanding to negotiate a definitive end-to-end space craft contract for the construction, launch and operation of six low earth orbiting satellites for the E-SAT network.

DBS, which develops satellite-based services, said in a press release Monday that it expects to complete negotiations by March 31.

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