Alcatel (ALA) and France Message Board

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Technology Stocks : Alcatel (ALA) and France

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To: bertrand bidaud who wrote (442)	3/2/1999 10:36:00 AM
From: Steve Fancy	of 3891

Xylan to boost Alcatel (SBF:CGEP) EPS in 2001 ReutersPlus, Tuesday, March 02, 1999 at 10:22 PARIS, March 2 (Reuters) - The planned acquisition of Xylan Corp (NASDAQ:XYLN) will boost Alcatel's 2000 earnings per share before goodwill writeoffs on the acquisition, Alcatel Finance Director Jean-Pierre Halbron said on Tuesday. He told a news conference the acquisition would boost EPS after goodwill writeoffs in 2001 and would be "significantly positive" before goodwill writeoffs. Halbron said Alcatel was paying 45 times reported 1998 EPS and, based on analysts' expectations for a 20 percent profit rise in 1999 at Xylan, was paying about 30 times estimated 1999 earnings. Alcatel Chairman Serge Tchuruk told the news conference the group would announce another acquisition very soon, in the $200-300 million range, in the area of remote access. He declined to elaborate. Copyright 1999, Reuters News Service

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