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Technology Stocks : Alcatel (ALA) and France
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To: MikeM54321 who wrote (2627)10/20/2000 9:28:53 AM
From: Maple Leaf  Read Replies (1) of 3891
 
Here's my take (as uneducated is it may be

Only actual share holders are getting to take part in the IPO. ALA is an ADR and AT>TO is an exchangable share therefor neither of them qualify as actual shares.Only shares traded in Europe qualify

As for the value of the division.ALA shareholders still own 80% of the optronics division.The cash from the IPO can be used to buy other companys and expand optronics. Also by only spinning off 20% they can use ALAO shares as currency for purchases while still maintaining control of the company.

The % owned of the division (through share dilusion) may go down but the company will grow with the infusion of cash and
M&A

So in short we have a smaller peice of a bigger pie (much bigger hopefully)

Ray
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