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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: MARK C. who wrote (23493)	4/5/1999 1:05:00 AM
From: kathyh	Respond to of 90042

Actually, I think they could... from the Sunday Times article, looks like since March 2nd, when they bought Reltec they have added considerably to their "arsenal"... the-times.co.uk An excerpt from the Times article... Simpson said immediately after the BAe deal that he intended to restore GEC to the market value - about £15 billion - that it enjoys with Marconi electronics in the group. He indicated GEC had up to £10 billion to reinforce its remaining businesses. Last month, when GEC announced the £1.3 billion purchase of Reltec, an American cables and switching-equipment maker, Simpson said the group was planning further purchases in America and Europe to boost its presence in the fast-growing data networking and Internet-related equipment business. "We still have plenty of firepower left," said Simpson. "At the moment, we are still an ugly duckling in the telecoms market . . . but I believe in five years' time, we will emerge as a beautiful swan." America is a key target for GEC, because it accounts for half the world's telecoms-equipment spending and is at the leading edge of the data networking revolution. GEC is particularly keen to acquire expertise in data switches and routers, products at the heart of the new networks.