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 : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: signist who wrote (19750)	3/23/2000 2:05:00 PM
From: Joanne Fishman	Respond to of 42804

Alcatel Says It Hasn't Filed Opposition to JDS, E-Tek Merger Paris, March 23 (Bloomberg) -- Alcatel SA, Europe's No. 2 phone-equipment maker, said it hasn't filed any opposition with U.S. antitrust authorities to the proposed $20.3 billion merger between JDS Uniphase Corp. and rival E-Tek Dynamics Inc. ``Any discussions involving Alcatel with the Justice Department have been to provide factual industry information requested by the Justice Department,' Alcatel said this morning. Paris, France-based Alcatel, which is E-Tek's No. 1 customer, said yesterday it would complain to U.S. antitrust enforcers that JDS Uniphase would have too much power to raise prices if the purchase is allowed to go through. The U.S. Department of Justice is scrutinizing the proposal and interviewing customers of both companies to determine whether the acquisition would hurt competition in the market for parts that boost the capacity of fiber-optic networks. E-Tek shares rose 16 3/8, or 7.3 percent, to 242 5/16 in late morning trading. JDS Uniphase fell 1 7/8 to 129. Alcatel American depositary receipts, which represent one-fifth of an ordinary share, fell 5/16 to 43 7/8. Mar/23/2000 11:32 For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy.