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

To: zbyslaw owczarczyk who wrote (3551)	7/17/2001 2:33:51 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 3891

Alcatel In Talks To Take Control Of Shanghai Bell Manufacturing Co Dow Jones Online News, 07/17/2001 05:47 BEIJING -(Dow Jones)- French telecom equipment maker Alcatel S.A. (F.ALC) confirmed Tuesday it's in talks with the Chinese government to take a majority stake in the Shanghai Bell Telecom Equipment Manufacturing Co. joint venture. Alcatel has a 31.65% stake in the company and wants to raise that to a controlling share of at least 51%, a company spokesman told Dow Jones Newswires. Shanghai Bell is one of China's largest manufacturers of telecommunications switching equipment. It is 60% owned by the Ministry of Information Industry, China's telecom regulator. A Belgian government investment fund holds 8.35%. Alcatel has 17 joint ventures and wholly owned companies in China, as well as five research and development centers, together accounting for 5,000 employees and $500 million in investment. -By Andrew Batson, Dow Jones Newswires; 8610 6588-5848; andrew.batson@dowjones.com (This story was originally published by Dow Jones Newswires) Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved