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

To: Mike K who wrote (102)	7/8/1998 12:13:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 285

From 7/13/98 Business Week... THE GLOBAL 1000 (int'l edition) The Year of the Deal The market is applauding the turnaround at France's Alcatel (ALA), but its hard-driving chief executive, Serge Tchuruk, isn't about to sit back yet. Investors are so pleased with Tchuruk's efforts to restructure the once troubled telecom equipment maker that they have nearly doubled its market value--to $34.9 billion--in the past year. Tchuruk's goal, though, is to make Alcatel a world leader in new technology and equipment for Internet communications. So in early June, he took a big step, using his fat share price to buy Texas-based DSC Communications Corp. (DIGI) in a $4.4 billion stock deal. Expect to see many more moves like Tchuruk's in the coming age of the global deal. Alcatel's absorption of the American telecom company places it among a growing list of deals in the global consolidation sweepstakes. <snip>