Alcatel reaches a new record out of Stock Exchange
fr.biz.yahoo.com
(translation)
Paris (Reuters) - Alcatel (Paris: 13000.PA - topicality ) reached a new record out of Stock Exchange
Thursday, the investors being repositioned on the value after the finalization of the repurchase of Canadian
Newbridge Networks and with the favour of favorable prospects.
The title allocates 4,51% to 63,75 euros towards 12h10, not far from its new higher history of 63,80, in
nearly three million parts. Index CAC 40 (Paris: 350000.PA - topicality ) gains 1,04% at the same time.
Alcatel finalized the last week the acquisition of Newbridge Networks, which must in particular enable him to
be reinforced in the solutions of access ….large.bande. The group will expose its strategy in this field on June
6, at the time of a press conference given in Atlanta within the framework of the show SuperComm 2000.
" the finalization of the repurchase of Newbridge makes that the negative arbitrations which weighed on the
value since the advertisement of the operation ceased ", explains an analyst while speaking about " logical
correction " of the title.
The action profits moreover from a more favorable sectoral context, with the good quarterly results recorded
as well by the American equipment suppliers t‚l‚coms as European.
The values of the sector, considered to be sure, are in addition the first to benefit from the clearing of Nasdaq,
adds this analyst.
By publishing its results of the first quarter on May 4, Alcatel had revised in rise its prospects for the current
year while now saying to count on rises of 30% of its and 60% turnover of its operating margin.
The action had reached a record of 61,4 euros four days later but it then fell down to 49,1 euros on May 24, the day before the advertisement of
the finalization of the repurchase of Newbridge. The title since regained more than 27%.
" Not badly from people awaited the integration of Newbridge to take account of the revisions of forecasts of results and of all the positive
comments which were made since on the company ", still notes the analyst. " They think that the strategy of Alcatel starts to bear its fruits ".
fr.biz.yahoo.com |
