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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: Pigboy who wrote (8891)	1/13/1998 8:59:00 PM
From: pat mudge	Read Replies (2) \| Respond to of 21342

[Alcatel to buy back shares from Sprint in joint venture] <<< Alcatel Buys Back Sprint's Stake In Alcatel Data Networks Newsbytes - January 13, 1998 13:21 PARIS, FRANCE, 1998 JAN 13 (NB) -- By Sylvia Dennis, Newsbytes. While all stockbroker eyes are on the current meltdown in the Far Eastern stock markets, Alcatel Alstom has quietly announced plans to buy out a 49 percent stake from Sprint Corporation [NYSE:FON] in the companies' joint venture, Alcatel Data Networks (ADN). Terms of the deal have not been announced, but Newsbytes understands that the trade is effective from this week onwards. ADN, a French company that specializes in cellular and data transmission systems, was created as a joint venture by the two firms back in 1993. Today, the company has around 900 people on the payroll worldwide. According to Jo Cornu, Alcatel's chief executive officer (CEO), as a fully owned Alcatel group company, plans now call for ADN to be fully integrated in the newly formed enterprise and data networks division of Alcatel. As reported by Newsbytes last November, Alcatel claims that its asymmetric digital subscriber line (ADSL) technology is taking off in Europe. Company officials claim that the firm's ADSL technology has just been chosen by three of the main European telecom operators -- France Telecom, Belgacom, and Telefonica -- for tests which will take place in their respective countries -- France, Belgium, and Spain. In France, France Telecom has launched the first trials using ADSL technology, which enables conventional telephone lines to provide faster transmission rates that are particularly well-suited to multimedia services. Five hundred volunteer subscribers in towns in the Paris region (Noisy le Grand, Villiers sur Marne, and Gournay sur Marne) will be able to test the fast access to the Internet while at the same time maintaining access to all the conventional services they have subscribed to. According to Alcatel, a first group of 50 subscribers has already been connected, and the remaining 450 will be connected during the first quarter of 1998. The aim of this 20 month trial is to evaluate the residential and SOHO (small office/home office) markets, pinpoint new applications that could result from the available transmission rates, and study the economy of the various services. Alcatel's Web site is at alcatel.com . Reported by Newsbytes News Network, newsbytes.com . (19980113/Press Contact: Jean-Christophe Huertas, Alcatel HQ +33-1-4076-11-79; E-mail: jean-christophe.huertas@alcatel.fr) >>>>