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

To: RockyBalboa who wrote (111)	10/23/1998 1:22:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 3891

Morris and Morris Announces Class Action Against Alcatel Alsthom BusinessWire, Friday, October 23, 1998 at 09:49 WILMINGTON, Del.--(BUSINESS WIRE)--Oct. 23, 1998-- The following is an announcement issued by Morris and Morris: Notice is hereby given that a class action lawsuit was filed on Oct. 14, 1998, on behalf of all persons who exchanged their DSC Communications Inc. (NASDAQ:DIGI) stock for the American Depository Receipts (the "ADRs") of Alcatel Alsthom (NYSE:AYA , "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 acquisition of DSC by Alcatel. The complaint alleges that the Registration Statement was materially false and misleading because defendants knew before consummating the merger, but failed to disclose to the investing public that Alcatel was suffering substantial declines in orders from customers in its core European markets and that such declines would significantly negatively affect its business through 1998. On or about Sept. 17, 1998, the complaint alleges, only a few days after the close of the merger, Alcatel stunned the investment community by disclosing that due to its European customers' cuts in business, it would fall far short of its operating income target. This disclosure caused the price of Alcatel's ADRs to drop almost 50%. Plaintiffs are represented by, among others, the law firm of Morris and Morris. Morris and Morris, a law firm with a national practice has taken a leading role in successfully prosecuting class and representative litigation on behalf of defrauded investors in numerous state and federal courts. If you are a member of the Class described above, you may, no later than 60 days from today, move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have questions concerning this notice or your rights or interests, please contact Patrick F. Morris of Morris and Morris at (800) 296-0410 or via e-mail at Morrisandmorris@compuserve.com CONTACT: Morris and Morris, Wilmington Patrick F. Morris (800) 296-0410 e-mail: Morrisandmorris@compuserve.com KEYWORD: DELAWARE

To: RockyBalboa who wrote (111)	10/28/1998 12:14:00 AM
From: Milkman	Read Replies (1) \| Respond to of 3891

"looking like ALA may be also" I don't think so, as with any merger and this one especially, the purge is about to begin. DSC had been in a binge and denial mode for a long time guess it's time to purge. Albeit a small bout. 400 total, with the majority from DSC. 300 in Richardson/Plano and 100 plus closing the IN office in Austin. dallasnews.com I just gave the link for details since I really didn't have the time to get authorization to print (C) material. I hope you don't mind? Regards, Milkman