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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (23423)	4/4/1999 7:51:00 PM
From: MARK C.	Read Replies (2) \| Respond to of 90042

U.K.'s GEC Mulls Buying Electronics Maker, Papers Say (Update1) Bloomberg News April 4, 1999, 6:18 a.m. PT (Adds spokesman declining to comment in 2nd paragraph.) London, April 4 (Bloomberg) -- General Electric Co. Plc, one of the U.K.'s biggest manufacturers, is in talks to buy one or two telecommunications equipment manufacturers to expand in the fast-growing electronics industry, newspapers said. The Sunday Times, Sunday Telegraph and Sunday Business all said the company, which is selling its Marconi electronics systems business to British Aerospace Plc, will pay more than 1 billion pounds ($1.6 billion). The Times said it would buy a U.S data- networking maker and possibly the telecommunications business of Robert Bosch GmbH of Germany, while the Telegraph said GEC is believed to be interested in the data-networking business of First Data Corp.; Sunday Business said GEC is examining several targets including Internet-product maker Fore Systems, Inc. A spokesman for GEC, which last month agreed to acquire U.S.-based Reltec Corp. for $2.1 billion in cash and assumed debt, declined to comment. Reltec makes devices that help local phone networks carry more calls, to expand its communications- equipment business. (Sunday Times, 4/3 B1, www.the_times.co.uk; Sunday Telegraph, 4/3 B2, www.telegraph.co.uk; Sunday Business 4/3 3.) More News: FORE Technology industries CAD/CAM \| Communications Svcs \| Computer Svcs \| Distributors \| Internet \| Networking \| PC