July 7, 1998 |
Thousand Oaks-based Amgen Inc. is among 15 stocks Salomon Smith Barney Inc. is betting on to be attractive investments in the coming year. The latest edition of Salomon's "Ten+ Exceptional Names," an annually revised portfolio of stocks, is based on the recommendations of the firm's industry analysts. Last year's list gained 31% through the 12 months ended June 30, beating the 28% price gain for the Standard & Poor's 500-stock index over the same period.
June 24, 1997
France's Alcatel Alsthom said it and San Jose-based Cisco Systems Inc. agreed to combine their expertise in Internet software and telecommunications networks. Alcatel will provide know-how in phone- networking systems, while Cisco will pool its expertise in Internet technology. "Both companies complement each other well," said J.P. Morgan & Co. analyst Sean Faughnan. "In the past, Cisco focused on data applications, while Alcatel focused on voice applications." Sector Spotlight, D5.
June 5, 1998 |
French manufacturer Alcatel Alsthom is acquiring telecommunications equipment maker DSC Communications Corp. for about $4 billion in stock, executives of the companies said. The acquisition would expand the French company's presence in the U.S. telecommunications equipment market. The announcement said Plano, Texas-based DSC's strong position in making telecom access and switching equipment would complement Alcatel's strength in transmission equipment.
April 1, 1997 |
ITT Corp. said it will sell its remaining stake in French telecommunications company Alcatel Alsthom for about $530 million, or a 25% premium, as it fights Hilton Hotels Corp.'s hostile takeover bid. The decision to sell the 4.5 million shares comes more than a month after New York-based ITT sold 3 million Alcatel shares. Earlier this month, ITT agreed to sell its 50% interest in Madison Square Garden and the arena's sports teams and cable network to Cablevision Systems Corp. for $650 million.
October 30, 1992 |
Electric Car Battery Research Contracts Awarded: The Advanced Battery Consortium, funded by the federal government and the Big Three auto makers to advance work on power sources for electric vehicles, has awarded $54 million in contracts for development of cheaper batteries. W. R. Grace & Co. and its partner, Johnson Controls Inc., were awarded $24.5 million for a three-year program. A $17.3-million, three-year contract was awarded to Saft America Inc., a Valdaosta, Ga.
August 4, 1998 |
Xylan Corp. signed an agreement with Northern Telecom, North America's No. 2 telephone equipment maker, to sell Xylan's computer switches to Northern's telecommunications customers. Northern began selling Xylan's OmniStack and OmniSwitch products, which are used to link computers in corporate networks, in the second quarter. More than 40% of Xylan's second-quarter revenue came through agreements with large equipment makers IBM Corp. and Alcatel Alsthom.