There are many posts about alarm systems, and their behavior and misbehavior.
My new-to-me 98 Boxster exhibits no sign of having an alarm. The horns don't work (separate issue) but no flashing lights or anything else.
Was the alarm an option? I see that there are items on the options list regarding alarms (like options 533, 534, 535). I don't have any alarm related options on my sticker.