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Technology Stocks : Alcatel (ALA) and France
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To: larry pollock who wrote (3614)9/5/2001 6:36:09 AM
From: larry pollock  Read Replies (1) of 3891
 
Alcatel CEO Tchuruk on Profit Outlook, Market Share: Comment
By Jad Mouawad

Paris, Sept. 5 (Bloomberg) -- The following are comments from Serge Tchuruk, chairman and chief executive of Alcatel SA, Europe's No. 4 phone-equipment maker. Tchuruk's comments came at an investor conference organized by HSBC Holdings Plc.

``This is a very difficult year and the visibility is very reduced,'' he said. ``Europe isn't doing as well as we had hoped, growth is receding in the U.S. We had said our (full- year) sales would be flat. I think that objective will be maintained.''

``At the operating level, we hope to be positive this year,'' Tchuruk said. ``The market isn't helping us, this will be a challenge.''

Still, ``Alcatel is increasing its market share significantly,'' he said.
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