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


To: Doug who wrote (210)9/21/1998 12:11:00 PM
From: Steve Fancy  Respond to of 285
 
From Briefing.com...

Alcatel Alsthom S.A. (ALA) 18 -15/16: JP Morgan Securities downgrades telecommunications equipment maker
from "buy" to "market perform" after last week's profit warning; believes that margin targets have effectively been
pushed out by a year, revenue growth appears to be slower that had been projected, and relevant information was
withheld from the market for too long, potentially opening Alcatel up to legal action.....



To: Doug who wrote (210)9/21/1998 12:21:00 PM
From: Gary Korn  Respond to of 285
 
Doug,

Thanks! I subsequently determined that the value of the deal was $4.4 billion. At DIGI's annual sales level of something over $1.5B, the deal appears to have been at about 2.8x sales, so we are certainly close.

Best,
Gary Korn