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

To: zbyslaw owczarczyk who wrote (1924)	6/5/2000 6:53:00 PM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 3891

Alcatel Wins Two Wireless Contracts Worth $85 Million (Update1) By Daniel Tilles Paris, June 5 (Bloomberg) -- Alcatel SA, Europe's second- biggest phone equipment maker, said it won two mobile telephone contracts worth a total of $84.6 million. One contract, worth $63 million, is to expand a global system for mobile communications, or GSM, network in Cambodia. The second, awarded by Qatar Telecom Corp., will give users Internet access from mobile phones using GPRS, or General Packet Radio Services, technology starting in the fourth quarter. After spending about $9 billion buying Internet networking products, Alcatel is under pressure to strengthen its cellular operations as telephone companies start building new networks. Last month, Alcatel and Japan's Fujitsu Ltd. said they're linking to develop equipment for wireless Internet networks, intensifying competition with Ericsson AB, the world leader. Shares in Alcatel closed down 0.1 euro, less than 1 percent, at 64.9 euros ($61.43) in Paris.