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 (3293)	5/21/2001 8:33:50 AM
From: elmatador	Read Replies (2) of 3891

Why ALA needs to buy LU. "From 1997 to 1999 (Serge Tchuruk) raised $10 billion by selling off Alcatel's electrical equipment, nuclear power, and other industrial businesses. He used the money to make acquisitions in North America, chiefly last year's $7.1 billion purchase of Canada's Newbridge Networks, a deal that made Alcatel a major player in ATM switching." fortune.com The problem now is that techstocks nose-diving. The prospects of the Old Economy look brighter. A company such as Siemens, that kept the bits that Serge Tchuruk sold -to raise money to buy US telecoms companies- is poised for a better future. Alcatel has the sole option of sticking to being a telecommunications company. That's why ALA needs to buy LU.

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