Framatome Connectors USA, Inc. - Page 5




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                                  FINDINGS OF FACT                                    
               Some of the facts have been stipulated and are so found.               
          A.   Petitioners, Their Predecessors, Furukawa, and Sumitomo                
               1.   The Framatome Companies                                           
               Petitioner Framatome US is a New York corporation, the                 
          principal place of business of which was in Connecticut when the            
          petitions were filed.  Framatome S.A., a French company, owned              
          100 percent of FCI, another French company, which owned 100                 
          percent of Framatome US during the years in issue.                          
               Framatome S.A. designed, sold, built, and serviced nuclear             
          power units.  Framatome S.A. decided to diversify.  Around 1988,            
          Framatome S.A. formed FCI to acquire and hold businesses which              
          manufactured electrical and electronic connectors.  Electric                
          utility companies use electrical connectors to connect cables or            
          wires.  Manufacturers use electronic connectors in machines,                
          appliances, computers, and electronic products.  FCI formed                 
          Framatome US in 1988 to acquire all of the outstanding shares of            
          Burndy-US (described next) and its subsidiaries, which                      
          manufactured electrical and electronic connectors.                          
               2.   Burndy-US                                                         
               Burndy-US was a predecessor corporation of Framatome US and            
          Framatome Connectors USA Holding, Inc.  Burndy-US manufactured              
          electrical and electronic connectors before 1989.                           








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