Alcatel (ALA) and France Message Board

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Technology Stocks : Alcatel (ALA) and France

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To: larry pollock who wrote (3509)	7/5/2001 1:07:30 PM
From: larry pollock	Read Replies (2) of 3891

Alcatel Falls After Marconi Says Profit Will Halve (Update1) By Jad Mouawad Paris, July 5 (Bloomberg) -- Alcatel SA shares fell 11 percent to a 28-month low after the U.K.'s largest phone equipment maker said its profit will be halved in the current fiscal year on falling sales. Shares of the Europe's fourth-biggest phone-equipment maker fell 2.6 euros to 20.3. The stock has lost 66 percent this year, as Bloomberg's European phone equipment index fell 53 percent. Marconi shares today fell 54 percent after the company said late yesterday a 15 percent drop in sales this fiscal year will halve its earnings as the U.S. economic slowdown spreads to Europe. The shares fell 132.5 pence to 112.5p. Phone equipment makers are facing slowing demand from customers who invested heavily last year. Nortel Networks Corp. last month said the market is declining at an ``alarming rate.'' Marconi's announcement also sent shares of Furukawa Electric Co., Japan's No. 2 fiber-optic equipment maker, falling to a 19- month low. Shares of Tokyo-based company fell 6.1 percent, or 56 yen, to 864 yen.

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