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Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (958)	11/3/1999 1:08:00 PM
From: Andre Daedone	Read Replies (2) \| Respond to of 3891

Don't know, found it on Raging Bull linking it to Bloomberg about 20 minutes ago. It must of been out prior to open because AFCI opened 15% higher today.

To: Steve Fancy who wrote (958)	11/3/1999 1:43:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 3891

Thomson Multimedia ADRs climb in US debut Reuters, Wednesday, November 03, 1999 at 13:36 NEW YORK, Nov 3 (Reuters) - Consumer electronics group Thomson Multimedia's (SBF:TMM) (NYSE:TMS) American Depositary Receipts posted a strong gain Wednesday as U.S. investors bid up the shares in its first day of trade following a heavily oversubsribed offering. The French company, which is the fourth largest television and VCR supplier in the world, offered 21.1 million shares at $22.59, or 21.5 euros, raising $476.61 million. Thomson's ADRs were last at $30.50, up $7.91, or about 35 percent, making it the top percentage gainer on the New York Stock Exchange. "It's a hot one. There is interest here in the States because many (U.S.) investors were shut out of the deal and so now we are stuck buying it at these prices," said one head of an emerging markets desk. "It's also the type of company that is seeing interest these days." Thomson Multimedia is the largest supplier of televisions and VCRs to the United States and it has plans for Internet ventures and a telephony joint venture with Alcatel (SBF:CGEP). Traders said the stock was cheap given what Thomson does. The deal priced at the top end of the reference range set by the French Finance Ministry. Goldman Sachs was a manager on the offering. Alcatel, Microsoft Corp. (NASDAQ:MSFT) and NEC Corp. (TOKYO:6701) (NASDAQ:NIPNY) each hold a 6.8 percent stake in the company. Copyright 1999, Reuters News Service