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

To: Steve Fancy who wrote (1798)	5/16/2000 1:39:00 PM
From: Gilbert Drapeau	Respond to of 3891

Alcatel Annual Shareholders Meeting of May 16, 2000: Alcatel Shareholders give Green Light for Newbridge Networks Acquisition - Also approve Dividend of EURO 2.2 per share and Stock Split by Five The Shareholders' meeting, in particular, approved the resolution delegating the authority necessary to issue redeemable bonds into shares. This issue will allow for the acquisition of Newbridge Networks, which subject to regulatory approval, should be finalized by the end of this month. The Newbridge shareholders approved the transaction at their annual meeting in Canada today. The Shareholders' meeting approved the company's financial statements and the proposed dividend of EURO 2.2 per share, to which a EURO 1.1 tax credit was added, up 10% compared with 1998. This dividend will be paid in cash beginning May 18, 2000. The shareholders' meeting also approved the split of Alcatel's ordinary shares by five. This split will take place on May 22, making the shares more accessible. Also effective on that date, each ADS listed in the U.S. on the New York Stock Exchange will represent one ordinary share The Shareholders' meeting elected two new Board members: Jean-Pierre Halbron, Senior Executive Vice President of Alcatel and Jo Cornu, former Chief Operating Officer of Alcatel Telecom until October 1999 and now Executive Assistant to the Chairman. Alcatel builds next generation networks, delivering integrated end-to-end voice and data networking solutions to established and new carriers, as well as enterprises and consumers worldwide. With 120,000 employees and sales of EURO 23 billion in 1999, Alcatel operates in more than 130 countries Contact: press@www.alcatel.com