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

To: Steve Fancy who wrote (196)	11/13/1998 2:50:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 3891

French Government Details Partners' Role In Thomson Multimedia Dow Jones Online News, Friday, November 13, 1998 at 12:12 PARIS -(Dow Jones)- The French Economic Ministry Friday formally outlined the roles that will be played by four private companies which plan to buy a 30% stake in French state-owned consumer electronics group Thomson Multimedia. In July, Thomson Multimedia received government approval for the sale of four 7.5% stakes to French telecommunication equipment supplier Alcatel (ALA), Japan's computer maker NEC Corp. (J.NEC), U.S. software giant Microsoft Corp. (MSFT) and DirectTV, an unrated unit of Hughes Electronics of the U.S., which is owned by General Motors Corp. (GM). The sale of the stakes will be part of wider agreements, involving technical, industrial and financial cooperation, the Economic Ministry said in a legal notice. The cooperation agreement signed with Alcatel is aimed at developing digital network technologies, the ministry said, while the DirectTV pact involves new generation television decoders and digital television. The agreement with Microsoft targets the development of interactive television services and of products related to the Internet via television. The fourth agreement, with NEC, involves common research and development of DVD-ROM and plasma screen products, the ministry said. -David Gauthier-Villars; 33 (0) 1-5300-0303; dvillars@ap.org Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.