Alcatel (ALA) and France Message Board

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Technology Stocks : Alcatel (ALA) and France

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To: zbyslaw owczarczyk who wrote (2904)	1/25/2001 7:47:42 AM
From: Ian@SI	Read Replies (1) of 3891

ROBERTSON STEPHENS ASSUMES COVERAGE OF ALCATEL WITH A BUY RATING London, Jan 25, 2001 (PR Newswire Europe via COMTEX) -- Robertson Stephens, the leading full-service investment bank focused exclusively on growth companies, today assumed coverage of Alcatel (CGE FP euro 67.15) with a Buy rating. "We believe Alcatel is set to become one of the leading global providers of end-to-end telecommunications solutions," said European Communications and Networking Senior Analyst Carmelo Bonaccorso. "We expect the company to deliver sustainable profit and revenue growth for the near and medium term, driven by its leadership in some of the fastest-growing segments of the telecom market and by its aggressive strategy to become one of the top three 3G mobile infrastructure equipment suppliers." "Our analysis suggests that the company is undervalued with respect to its peers in the optics and carrier networking segments, and we forecast at least 20% upside to Alcatel's current valuation. We are assuming coverage of the stock with a Buy rating."

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