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

To: Paul Lee who wrote (224)	9/23/1998 11:01:00 AM
From: Steve Fancy	Read Replies (2) \| Respond to of 285

I think this is a new one... Milberg Weiss Announces Class Action Against Alcatel Alsthom BusinessWire, Wednesday, September 23, 1998 at 00:21 (Published on Tuesday, September 22, 1998 at 00:03) NEW YORK--(BUSINESS WIRE)--Sept. 23, 1998--Notice is hereby given that a class action lawsuit was filed on September 18, 1998, on behalf all persons who exchanged their DSC Communications Inc. (NASDAQ:DIGI) stock for the American Depository Receipts (the "ADRs") of Alcatel Alsthom (NYSE:ALA) ("Alcatel" or the "Company") pursuant to a registration statement (the "Registration Statement") and proxy statement/prospectus issued on or about July 28, 1998, in connection with the acquistion of DSC by Alcatel. The complaint alleges that the Registration Statement was materially false and misleading because it failed to disclose that Alcatel was suffering a significant decline in its business and that the decline was so severe that it would negatively impact its business for the balance of 1998. Then, on September 17, 1998, as the complaint alleges, only nine days after the close of the merger and a mere six weeks since the dissemination of the Registration Statement, Alcatel shocked the market by announcing that it would miss analysts' earnings projections by a staggering $260 million as its European clients curb spending. In response to this announcement, the market price of Alcatel's ADRs plunged by almost 50%. Plaintiffs are represented by the law firm of Milberg Weiss Bershad Hynes & Lerach LLP ("Milberg Weiss"), among others. Milberg Weiss has significant experience and expertise prosecuting class actions on behalf of investors and shareholders. Milberg Weiss maintains offices in New York City, San Diego, Los Angeles and San Francisco and is active in major litigations pending in federal and state courts throughout the United States. Milberg Weiss has taken a leading role in numerous important actions on behalf of defrauded investors, and is responsible for a number of outstanding recoveries which, in the aggregate, total approximately $2 billion. For additional information about Milberg Weiss, see the firm's website at milberg.com. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Milberg Weiss (Steven G. Schulman or Samuel H. Rudman) at One Pennsylvania Plaza, 49th Floor, New York, New York 10119-0165 (Internet electronic mail: classact@microweb.com.). CONTACT: Milberg Weiss Bershad Hynes & Lerach LLP Shareholder Relations Dept. E-Mail: classact@microweb.com. 1-800-320-5081 KEYWORD: NEW YORK INDUSTRY KEYWORD: TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire