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

To: Steve Fancy who wrote (1839)	5/24/2000 7:08:00 AM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 3891

Steve, if you read comments in media what you will find are mainly opinion of traders and dealers and few low profile analysts who most likely are sitting on big cash and short position. That should explain what is going on. Zbyslaw

To: Steve Fancy who wrote (1839)	5/24/2000 5:33:00 PM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 3891

Steve, according to thomson 4 million sell block was placed about 10 am. of course this block was later split on numbers of smaller blocks. Someone was selling 4 millions shares and that is most likely the reason why ALA did not come back like others. On the others hand ALA performed much better yesterday. With p/e 26 based on FY2001 , 32 on FY 2000 , revenue growth 35% including NN, and eps growth over 40% as stated by CEO of ALA several days ago, dominant position in access (xDSL and LMDS), ATM and strong optic business this stock is very cheap. thomsoninvest.net Zbyslaw