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

To: shotski1 who wrote (2408)	9/20/2000 12:42:51 PM
From: Bob Howarth	Read Replies (1) \| Respond to of 3891

Questions about the new tracking stock. If I hold ALA shares, do I get some of the tracking stock, ie so many shares per share? If not, what is the purpose of this? NT never had to do it to get recognition. Seems like a way to fleece current shareholders more than anything else. Witness T and its wondrous wireless stock. Raised a bunch of cash and T kept right on falling.

To: shotski1 who wrote (2408)	9/21/2000 12:37:05 AM
From: Steve Fancy	Respond to of 3891

Alcatel Shareholders Approve Issue Of Tracking Stock Dow Jones Online News, 09/20/2000 06:27 PARIS -(Dow Jones)- Alcatel SA shareholders Wednesday overwhelmingly approved a company plan to issue a tracking stock for the French telecommunications equipment maker's optical-components business. The new stock should float on the Paris stock exchange and on Nasdaq on Oct. 20, with Alcatel planning investment roadshows from Oct. 4. At a meeting, shareholders voted 96.5% in favor of the plan, which will see the issue of the tracking shares, equivalent to 2% of the company's issue capital. Alcatel shareholders will have priority in subscribing for the tracking stock, but their aggregate ownership of the stock will have a ceiling of 80% of the total issued. (This story was originally published by Dow Jones Newswires) Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved