Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Charlie Tuna who wrote (17490)	2/22/2000 4:47:00 PM
From: Peppe	Respond to of 18016

Respectfully disagree. If you re-read my post, you'll see that we respectfully agree... peppe

To: Charlie Tuna who wrote (17490)	2/22/2000 4:47:00 PM
From: Barry Moss	Read Replies (2) \| Respond to of 18016

I'm more than a little disappointed. Unless the quarter's earnings are absolutely horrible, there's almost no premium here. Hopefully Nortel or someone else will start a bidding war. Barry ======================================================== Alcatel to Acquire Newbridge Networks for $7 Billion in Stock, Person Says By George Stein Alcatel to Buy Newbridge Networks for About $7 Bln in Stock 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, giving it more products used by phone companies to carry voice and data traffic, a person familiar with the situation said. Alcatel will exchange about 0.8 share for each Newbridge share, the person said. That values the Kanata, Ontario-based company at about $38.40 a share, or about 13 percent more than the price just before news of the acquisition became public. The two companies plan to announce the transaction as early as today, the person said. Alcatel and Newbridge didn't comment. 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 Technologies Inc. and Cisco Systems Inc. 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.