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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (62958)	9/28/1999 9:01:00 AM
From: thebeach	Read Replies (1) \| Respond to of 90042

Hi Tim,any prediction on PIOS today?

To: Tim Luke who wrote (62958)	9/28/1999 9:14:00 AM
From: kathyh	Respond to of 90042

good morning all... tim, have a safe trip... alcatel news this am.... Alcatel to buy Genesys for $1.5 billion Stock deal extends French group's U.S. presence By Gareth Vaughan, CBS MarketWatch Last Update: 4:21 AM ET Sep 28, 1999 NewsWatch PARIS (CBS.MW) -- Alcatel SA, the French telecommunications group, said Tuesday it has agreed to buy Genesys Telecommunications Laboratories Inc. in a stock swap valued at roughly $1.5 billion. Today on CBS MarketWatch European stocks slide Tuesday CMGI tops estimate with $4.74-a-share net Screaming Sector: Gold stocks soar Merrill: Not planning to buy its way online Nike locates an e-partner in the Fog More top stories... CBS MarketWatch Columns Updated: 9/28/99 9:03:16 AM ET Genesys (GCTI: news, msgs) shareholders will get 1.667 Alcatel American Depository Receipts for each Genesys share. Alcatel (ALA: news, msgs) said there's a "collar" on the deal so that the value of each Genesys share won't top $55 or fall below $45. Genesys is a software specialist, while Alcatel builds networks to deliver voice and data. The French group said the deal is subject to a waiting period under antitrust laws. It also requires the approval of Genesys shareholders. Alcatel expects to conclude the acquisition in January 2000. In a statement, Alcatel said the Genesys deal compliments its other initiatives in the U.S., which have included five acquisitions in just over a year. These include DSC Communications (DIGI: news, msgs), which the French firm bought in June 1998 for $4.4 billion See full story. And earlier this year, Alcatel bought Xylan Corp. (XYLN: news, msgs) for $2 billion. See full story. Alcatel also inked a partnership with Dialogic Corp. (DLGC: news, msgs) in March (see full story), and a supplying deal with Bell South Corp. (BLS: news, msgs) in April. See full story. "Alcatel is now well-positioned to benefit from the exploding demand for voice data integration in the U.S., the world's largest convergence market," the company said. Genesys will remain a stand-alone business unit within the Alcatel group and Ori Sasson will stay on as the San Francisco-based group's CEO. In Paris trading, Alcatel shares descended 2.90 euros, or 2.24 percent, to 126.50.