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

To: bertrand bidaud who wrote (245)	11/27/1998 12:43:00 PM
From: Steve Fancy	Respond to of 3891

Spar Aero Gets Satellite Antenna Supply Pact From Alcatel Dow Jones Newswires -- November 24, 1998 MONTREAL (Dow Jones)--Spar Aerospace Ltd. (T.SPZ) said it has received a contract from Alcatel Space Industries France to supply a Ka-band transmit antenna for the ASTRA 1K satellite project. The value of the pact wasn't disclosed. In a news release, the company said the high-frequency antenna will provide downlink spot-beam coverage over several major European cities. Alcatel Space Industries France is a unit of Alcatel SA (ALA), a maker of telecommunication, transportation and power-generating equipment. Spar is a technology company in the space, aviation services and communications industries.

To: bertrand bidaud who wrote (245)	11/27/1998 12:45:00 PM
From: Steve Fancy	Respond to of 3891

France Ready To See BAe-Dasa Merger Before Defense Pact Dow Jones Newswires -- November 24, 1998 PARIS (Dow Jones)--The French government is prepared to see a merger between British Aerospace PLC (U.BA) of the U.K. and Germany's Daimler-Benz Aerospace AG as the first step in the restructuring of the European defense industry, a spokeswoman for the French Industry Ministry said Tuesday. BAe and Dasa are understood to be in advanced talks on a two-way alliance, frustrated at the French government's slow progress in withdrawing from its role as a major shareholder in the French defense sector, particularly through its control of aero-defense group Aerospatiale SNI (F.ASP). The ministry spokeswoman said whether the BAe-Dasa merger takes place before or at the same time as a merger with Aerospatiale is immaterial, given "the logic" of creating a pan-European company which all sides share. A two-step process is "possible, but not probable," she told Dow Jones Newswires. BAe and Dasa have seen the French government's shareholding in Aerospatiale as an impediment to the creation of successful pan-European enterprise. In a sign that the French government was reacting to the prospect that it might be marginalized in European aerospace and defense restructuring, it agreed earlier this year to privatize Aerospatiale amid a wider shake-up of the domestic defense sector. Yet, BAe and Dasa remain reluctant to merge with even a privatized Aerospatiale so long as the French government remains a shareholder. However, French Industry Secretary Christian Pierret said earlier Tuesday that failure to merge Aerospatiale, BAe and Dasa would be disastrous for the European industry. "European companies must succeed together on the world stage. Failing (to reach an agreement), we would leave the field entirely free to U.S. companies: it is the very survival of our European industry that would be at risk," Pierret told a conference in Lyon. Dominique Strauss-Kahn, France's finance, industry, and economics minister, briefed a parliamentary committee on the latest developments in the defense sector earlier Tuesday. The spokeswoman gave no details of Strauss-Kahn's briefing. There has been speculation that alongside BAe, Dasa, Aerospatiale merger talks, French telecommunications equipment supplier Alcatel (ALA) might seek fresh ties with state-owned defense electronics group Thomson-CSF (F.CSF), in which it has a 16% stake, to facilitate a merger between Thomson-CSF and U.K. engineering group General Electric Co. Plc (U.GEL). -By Matthew Curtin; 33 (0) 5300 0303; mcurtin@ap.org

To: bertrand bidaud who wrote (245)	11/27/1998 12:46:00 PM
From: Steve Fancy	Read Replies (3) \| Respond to of 3891

Alcatel, Mitsubishi Link Up On Enamel Wire Activities Dow Jones Newswires -- November 26, 1998 PARIS (Dow Jones)--French telecommunications and electronics company Alcatel SA (ALA) said Thursday it has signed a cooperation agreement with Japan's Mitsubishi for enamel wire activities. Alcatel said in a statement that under the terms of the deal, it will buy a 12% stake in Mitsubishi's Optec Dai-Ichi Denko Co. Ltd. (ODDJ) unit specializing in enamel wire. Mitsubishi will buy 12% of ODDJ's U.S. activities and 10% of its Portuguese unit. Alcatel bought the U.S. subsidiaries in October and is in the process of buying the Portuguese one. Alcatel declined to comment further on the terms of the deal.