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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (31552)	11/3/1999 9:14:00 AM
From: taxman	Respond to of 74651

Petakh Tikva, Israel, Nov. 3 (Bloomberg) -- Gilat Satellite Networks Ltd.'s shares are poised to rise on speculation the Israeli maker of satellite equipment is in talks to be acquired, analysts said. Israeli newspaper Ha'aretz reported that Microsoft Corp., the world's biggest software maker, is in talks to acquire Gilat, citing unidentified sources close to Gilat. Microsoft and Gilat officials declined to comment. Analysts said that Microsoft is unlikely to buy a whole company that provides services and equipment when that's not its core business. At the same time, they said, Gilat may be in takeover talks with other partners, or that Microsoft may be interested in acquiring a stake in the company. ``People will be asking whether Gilat's in talks, and that might get the stock moving,' said Jonathan Half, an analyst at Warburg Dillon Read Inc. ``Maybe part of the story is true.' In August, Ha'aretz reported that Gilat and Microsoft were mulling forming a joint venture to provide fast Internet services via satellite, a venture aimed at competing with a similar venture by America Online Inc. and General Motors Corp.'s Hughes Electronics Corp. Those talks, which haven't been confirmed, developed into acquisition talks, Ha'aretz said. ¸1999 Bloomberg L.P. regards