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Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?

To: Steve Rolfe who wrote (968)	11/9/1999 1:59:00 PM
From: Steve Fancy	Respond to of 3891

Hmmm...I thought ALA CEO recently stated they were done buying for now. Maybe I'm remembering incorrectly? Good luck on earnings Steve...c'mon 35. sf

To: Steve Rolfe who wrote (968)	11/9/1999 2:05:00 PM
From: Steve Fancy	Respond to of 3891

Takeover Talk Dogs Newbridge Networks; Alcatel Rumored Suitor Dow Jones Online News, Tuesday, November 09, 1999 at 13:55 TORONTO -(Dow Jones)- Speculation that Newbridge Networks Corp. will be taken over continued to surround the struggling network-equipment vendor Tuesday. Dan Dorfman, a well-known stock pundit on Wall Street, said Monday that Alcatel SA (ALA), the French telecommunications equipment maker, was interested in acquiring Newbridge, of Kanata, Ontario, for about $24 a share. An industry source confirmed Tuesday there is a strong possibility that Newbridge (NN) is in talks with Alcatel about some type of combination. The source declined to elaborate. "I wouldn't be suprised if Newbridge has received more expressions of interests in the last week than it had in the previous 12 months," said Robert MacLellan, telecom equipment analyst at CT Securities. Takeover rumors have long dogged the company, but talk of a possible sale has mounted in recent weeks after Newbridge earlier this month warned investors for the sixth time in nine quarters that its earnings would fall short of expectations. In addition, the company's president and chief operating officer, Alan Lutz, also resigned. Following the profit warning, analysts pressed Terrence Matthews, Newbridge's chairman and chief executive, to comment on the possibilty of the firm putting itself up for sale, but Matthews declined. The fact that he didn't flat out say the company isn't for sale, as he has often maintained in the past, signaled to some industry observers that a sale could be imminent. The executive has been, and continues to represent, a major stumbling block to Newbridge being acquired, because he owns more than 20% of the stock, analysts have said. His ownership stake discourages a company from launching a hostile bid for Newbridge because it prevents the potential bidder from recognizing the acquisition using the popular pooling-of-interests method of accounting. And some suggest Matthews wouldn't find acceptable the rumored per-share price bid. As for Alcatel, MacLellan said acquiring Newbridge would give the French company access to Newbridge's high-speed asynchronous transfer mode, or ATM, equipment for the transmission of voice and data services, and Newbridge's market share and customer base of phone companies in the U.S. MacLellan, who has a $20 price target on Newbridge, thinks that the rumored takeover price of $24 is at the upper end of a range an acquirer would pay for Newbridge. Paul Sagawa, telecom equipment analyst at Sanford Bernstein, & Co., also said he wouldn't be surprised to learn there was some truth to Alcatel's rumored interest in Newbridge. Alcatel is at a disadvantage to competitors Lucent Technologies Inc. (LU) and Nortel Networks Corp. (NT) because its lack of ATM equipment means it can't meet the growing demand from phone companies for one-stop shopping for their equipment, Sagawa said. Indeed, analysts said that Newbridge needs to be acquired by a bigger player because of its limited product offering. Heavyweight rivals Nortel Networks Corp. (NT), Cisco Systems Inc. (CSCO) and Lucent Technologies Inc. (LU) are all better able to meet the one-stop shopping needs of customers. Meanwhile, John Lawlor, a Newbridge spokesman, said Tuesday that the company expects to complete the renegotiation of its acquisition of Stanford Telecommunications Inc. (STII) in the next couple of days. Newbridge needs to alter the $190 million all-stock purchase because its stock price averaged less than $24 between Oct. 26 and Nov. 8. The $24 share price was a condition of the Stanford agreement. Copyright (c) 1999 Dow Jones & Company, Inc. All Rights Reserved.

To: Steve Rolfe who wrote (968)	11/9/1999 2:07:00 PM
From: Steve Fancy	Respond to of 3891

New Appointment to Alcatel's Investor Relations team in the United States BusinessWire, Tuesday, November 09, 1999 at 13:57 PARIS--(BUSINESS WIRE)--November 9, 1999--Alcatel today announced that Peter Campbell has been appointed Investor Relations Director for North America. He will be part of the global IR team and report to Claire Pedini, director of investor relations at the company's headquarters in Paris. In this position Campbell will be responsible for day-to-day contacts with the U.S. and Canadian investment and financial analyst community. Campbell will be based at Alcatel USA's headquarters in Dallas. Campbell, 32, joined the Alcatel Group in 1990 and has held a variety of financial operations, engineering and project management positions. He holds an MBA from the Institut Superieur des Affaires in Paris and a degree in electromechanical engineering from Aston University, Birmingham, Great Britain. About Alcatel Alcatel builds next generation networks, delivering integrated end-to-end voice and data communications solutions to established and new carriers, as well as enterprises and consumers worldwide. With 120,000 employees and sales of EURO 21.3 billion ($25.0 billion), Alcatel operates in more than 130 countries. For more information, visit our website at alcatel.com CONTACT: Press Office Mark Burnworth (Alcatel USA) Tel: 1-972-519-5168 Mark.Burnworth@usa.alcatel.com Niall Hickey Tel: +33 (0)1 40 76 11 56 Niall.hickey@alcatel.fr Hafida Guenfoud Tel: +33 (0)1 40 76 51 56 Hafida.guenfoud@alcatel.fr Investor Relations Claire Pedini Tel: +33 (0)1 40 76 13 93 Claire.pedini@alcatel.fr Charlotte Laurent-Ottomane Tel: +33 (0)1 40 76 13 30 Charlotte.laurent-ottomane@alcatel.fr Emmanuel Spite Tel: +33 (0)1 40 76 16 04 Emmanuel.spite@alcatel.fr KEYWORD: INTERNATIONAL EUROPE INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS TELECOMMUNICATIONS E-COMMERCE NETWORKING MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1999, Business Wire

To: Steve Rolfe who wrote (968)	11/9/1999 2:10:00 PM
From: Steve Fancy	Respond to of 3891

ALCATEL SIGNS EURO 116 MILLION CONTRACT WITH ROMTELECOM alcatel.com