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Alcatel Has No Comment About Possible Acquisition Rumors Involving Israeli High Tech Company.(Brief Article)
Israel Business Today, July, 2000
The French high tech company Alcatel would neither confirm nor deny rumors that it is getting ready to acquire an Israeli high tech telecommunication company. Israeli high tech companies are considered among the leaders in new telecommunication technology and with the competition in Europe between Alcatel and Deutsche Telekom heating up in the telecommunication sector, both companies are searching for an additional edge.
The additional edge which an Israeli company's new technology brings could be worth hundreds of millions of dollars in orders to companies like Alcatel or Deutsche Telekom, selling and competing worldwide. Rumors of numerous potential deals with foreign companies are giving Israeli traded Nasdaq shares a boost and even if no deal turns up in the...
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