To: mph who wrote (1281 ) 5/5/2000 12:10:00 AM From: pat mudge Respond to of 3951
The election will have an impact on the market with the PPT in full regalia and the Administration doing all it can to keep up the feeling of prosperity among the populace. My best friend has her PhD in history and this is what she keeps saying, and since she always knows everything, I'm hoping this time she actually does. :) Now, a few quotes from Alcatel's earnings report:With the trends we are seeing in our business and our strong order book, we believe that Alcatel can clearly go beyond the 2000 market growth, now estimated to be at 20%. We expect that our top line growth will be around 30% for the four Telecom segments, as opposed to mid-teens as was conveyed at the beginning of the year. We also believe that for the year 2000, we should meet our recurring target to grow Alcatel's operating income twice as fast as sales. . . Our business in optical networking has progressed considerably with Alcatel winning major contracts in DWDM backbones, optical cross connects and submarine networks. We now see our optical business approaching the EUR 7 billion mark at year-end, rewarding the substantial R&D investments which we continue to make in this fast growth area. . . . Internet and Optics The segment posted record sales growth of 55%. Significant advances were made in the carrier data business, in particular DSL access in the U.S., with 736,000 ADSL lines delivered in the first quarter. Terrestrial transmission activity was boosted by strong cross connect sales and wins for optical networking systems with customers such as Deutsche Telecom and KPN Qwest. Submarine transmission continued its strong growth with work underway on SAC, Atlantica, Southern Cross and Flag Atlantic. The Space activity, which was down slightly over last year, continues to be impacted by a cyclical market. Excluding the Space activity, revenues increased by 79%. >>>>> Pat