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Technology Stocks : Alcatel (ALA) and France

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To: Bob Howarth who wrote (1449)3/15/2000 11:17:00 AM
From: Michael M  Read Replies (2) of 3891
 
I don't think the current decline has the slightest thing to do with ALA. I think it has everything to do with too many tech PEs being well into three digits -- IPO mania -- and the economic nannies, Alan, Tony and Bill.

IMO, ALA looks pretty solid. Hey -- it's a dip, aren't people supposed to be buying?

NN footnote -- Saw a genius last night on CNNfn answering viewer calls about company prospects. Guy calls in and asks what he thinks of Newbridge. The genius does the mantra -- They've disappointed the street, have management issues and compete with bigger better rivals. Fair Enough. The genius sounded like he either didn't know about ALA/NN agreement or had no clue of it's potential impact. Journalists :-(

M
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