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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Peppe who wrote (17486)	2/22/2000 4:40:00 PM
From: arsene_lupin	Read Replies (2) \| Respond to of 18016

News came from my broker's traders. I agree. I would have prefered more profit. Guess TM is disappointed too!

To: Peppe who wrote (17486)	2/22/2000 4:43:00 PM
From: pat mudge	Read Replies (2) \| Respond to of 18016

Peppe -- Are you long or short? I suspect there'll be a more complicated acquisition agreement than most expect. I'm especially anxious to know how the affiliates will be handled. Pat

To: Peppe who wrote (17486)	2/22/2000 4:43:00 PM
From: Charlie Tuna	Read Replies (2) \| Respond to of 18016

Respectfully disagree..this is allmost a take under Both stocks will very likely sell off,Alcatel should have went 1 for 1 the .8 sends a negative message. Hell they should have went 1+ ...hope I am wrong. I have no position in either stock

To: Peppe who wrote (17486)	2/22/2000 4:51:00 PM
From: Doug	Read Replies (1) \| Respond to of 18016

Peppe: As a long, no complaints except my last 10% may go to the ARB. In this volatile market he deserves it.

To: Peppe who wrote (17486)	2/22/2000 5:34:00 PM
From: CJ	Read Replies (2) \| Respond to of 18016

The news: Alcatel to Buy Newbridge Networks for About $7 Bln Paris, Feb. 22 (Bloomberg) -- Alcatel SA, Europe's No. 2 phone-equipment maker, agreed to buy Newbridge Networks Corp. for about US$7 billion in stock, expanding its product range to compete better against Lucent Technologies Inc. and Cisco Systems Inc., people familiar with the situation said. Alcatel will exchange about 0.8 share for each Newbridge share, the people said. That values the Kanata, Ontario-based company at about $38.40 per American depositary receipt, about 13 percent more than the price just before the acquisition was reported. The two companies had planned to announce the transaction after trading today, the people said. Alcatel and Newbridge didn't comment. Newbridge shares, which have risen 52 percent this year as investors anticipated the sale, rose 1 5/8 to 34 3/8. Alcatel's American depositary receipts rose 3/8 to 47 3/4. Newbridge would give Alcatel telecommunications switches that deliver voice, data and video on a single network, a market where the French company lags No. 1 Lucent and Cisco. Many phone companies, such as Cable & Wireless Plc, prefer the asynchronous transfer mode, or ATM, switches to routers for bulk traffic like corporate data. Alcatel had spent $8.5 billion in the past 17 months buying companies that make equipment and software for data networking and Internet access. Today's acquisition would give it access to customers that still are waiting for Internet Protocol to offer the same reliability of service as ATM. ATM sales industrywide for telecommunications networks will climb 36 percent this year to $5.3 billion, according to Dell'Oro Group Inc., a market research firm. Newbridge had 8.4 percent of the ATM telecommunications market. Feb/22/2000 16:40 For more stories from Bloomberg News, click here.