To: Steve Fancy who wrote (2346 ) 9/11/2000 5:29:24 PM From: zbyslaw owczarczyk Respond to of 3891 JP Morgan positive on Alcatel: Alcatel (Paris: 13000.PA - topicality ) held a meeting of analysts on last 6 September in New York, once more showing the health of the group according to Brantley Thompson, Jahor Gupta and Rohit Goel, the analysts in load of the value at JP Morgan. Compared to the meeting of the previous week, in London, few new information however seem to have filtered. The analysts underline nevertheless a certain number of positive points. First of all, Alcatel currently records significant deliveries of hardware xDSL in the United States. For the market it would act in fact of an installment for Cisco, which obtained several contracts based on these technologies. Alcatel should then reduce by 15% its manpower out of the 12 to 18 months to come. Two strategic decisions will thus make it possible the company to limit its significant standing fixed overheads: first of all the introduction out of Stock Exchange of its branch Energy Cables, then the passage of a model of direct sales to indirect sales on the market Undertaken. This ' rationalisation' of the personnel will thus be done by externalisation and not by dismissals. Last point, the research and the development of optical technologies of next generation seems in good way, in particular with regard to the connectors and switches optical. The investors are effect very attentive with which will gain this race and are ready to pay a significant premium with the winner. With the present stage, Alcatel seems a serious applicant. All in all, the analysts estimate that the company should still exceed the forecasts of the market over the few quarters to come. Consequently, they reiterate their consulting of purchase on the value. Copyright ¸ 2000 Concerto and Associés Consultings of investment introduced by Concerto and Associated on the Yahoo site! Finance constitute a selection of information available on the site www.selectBourse.com