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

To: trenzich who wrote (1118)	1/12/2000 5:45:00 PM
From: Steve Fancy	Respond to of 3891

Alcatel's U.S. unit to dismiss suit against Samsung Reuters, Jan 12, 2000 15:44 hrs DALLAS, Jan 12 (Reuters) - Alcatel USA Inc. (NYSE:ALA), a unit of French telecommunications equipment firm Alcatel (SBF:CGEP), said on Wednesday it dropped its trade secret suit against Samsung Electronics Co. Ltd.(KOREA:05930). Alcatel said both companies decided "it was in their best interests." Alcatel filed a $425 million trade secret suit against Samsung in early December, alleging that Samsung stole confidential information by hiring nine employees from DSC Communications Corp., a Plano-based telecommunications equipment manufacturer that was later acquired by Alcatel. Alcatel alleged that rather than reaching a deal to buy the technology the employees worked on, Samsung recruited the workers. Alcatel also said it dropped the claims against the DSC employees. Alcatel's shares were up 9/16 at 42-13/16 in afternoon trade on the New York Stock Exchange. Copyright 2000, Reuters News Service Companies or Securities