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

To: Gary Korn who wrote (208)	9/20/1998 7:52:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 285

Alcatel (SBF:CGEP) not seeking merger partner -paper Reuters, Sunday, September 20, 1998 at 17:36 PARIS, Sept 20 (Reuters) - Alcatel Chairman Serge Tchuruk said in a newspaper interview that the telecoms company, which recently acquired U.S.-based DSC Communications Corp, was not looking for a merger partner. Asked by the financial daily Les Echos if Alcatel should look to a merger with a big outfit like Motorola (NYSE:MOT) to recover from its difficulties, Tchuruk said, "This question does not arise with Motorola or anyone else. I'm not looking for a merger today. "That doesn't mean that if something extremely attractive came up that I would close my eyes. But that's not an issue for Alcatel today," Tchuruk said. An advance copy of the interview, which will appear in Monday's edition of Les Echos, was faxed to Reuters. Tchuruk said he regretted a plunge last week in the company's share price but was not scrambling for a quick fix. He also said he did not believe the plunge in the share price made Alcatel an easy target. "I don't think Alcatel would be that easy to swallow," he said. The stock, which closed at 985 francs on September 15, ended the week at 555 francs after the company sounded an unexpected profit warning along with its half-year results. Tchuruk said he believed pension funds and arbitrage traders were the biggest sellers, while shareholders with a longer-term view stayed. He said Alcatel had achieved its objective of increasing its U.S. presence with the acquisition of DSC for $4.4 billion in stock. External growth now would consist of "supplements in technology and that's done with cash. And Alcatel does not have any cash problem," he said. paris.newsroom@reuters.com)) Copyright 1998, Reuters News Service