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Technology Stocks : Alcatel (ALA) and France

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To: Bob Howarth who wrote (1358)2/29/2000 12:33:00 PM
From: Steve Fancy  Read Replies (1) of 3891
 
Bob, I still need to check this...I'm going to look yet today and follow it tomorrow morning. Everything considered, I think ALA is doing great. In my experience this is not generally a stock that makes huge moves over a single trading session. That said, as long as US markets hold, I bet we see close to 50 tomorrow. FWIW, TEF (Spains Telefonica) sounds like they blew out earnings. I believe a CC expected to be quite bullish is taking place now. S&P upgrade in Brazil helps out too! FWIW, I think foreign telecoms and suppliers could see additional stability/boost as TEF's Latin America consolidation is completed over the next 30 days or so.

sf
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