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


To: zbyslaw owczarczyk who wrote (2568)10/10/2000 8:55:18 PM
From: Steve Fancy  Respond to of 3891
 
You have a way of kinda wrapping everything up into a nice little ball Zbyslaw<g>. I hear ya. I always listen with one ear to what goes on in CNBC land, and when they start talking like that seems we're always close.

regards,

sf



To: zbyslaw owczarczyk who wrote (2568)10/10/2000 8:56:12 PM
From: zbyslaw owczarczyk  Respond to of 3891
 
Acc. to host.cnbc.com

last trades on MOT was 26, CSCO 1 1/4 down, NT at 60.
Fist time LU did it in January, situation after hours was the same, and the next day many good companies fully recovered. Of course this time psychology may make it worst in short. term.

Zbyslaw



To: zbyslaw owczarczyk who wrote (2568)10/11/2000 11:28:37 AM
From: Steve Fancy  Read Replies (1) | Respond to of 3891
 
Alcatel: On Track To Meet 3rd Quarter Profit, Revenue Targets

Dow Jones Online News, 10/11/2000 06:33

PARIS -(Dow Jones)- French telecommunications equipment supplier Alcatel SA (ALA) Wednesday said it's unscathed by the difficulties hitting U.S. rival Lucent Technologies Inc. (LU) and is "well on track" to meet revenue and profit targets for its third quarter.

"Lucent's problem isn't an industry problem, it's their own problem," said a spokesman at Alcatel.

Lucent issued a profit warning late Tuesday, saying its earmings per share for the fourth quarter will be as much as 10 cents below analysts' expectations.

The warning prompted a sell-off in telecom equipment makers' shares.

At 0833 GMT, Alcatel shares had slid 7.0%, or EUR5.35, to EUR70.65.

Lucent said it experienced less-than-expected revenue and gross margins in its optical systems business and that a steeper-than-anticipated decline in circuit switching sales and margins also hit the bottom line.

Alcatel expects revenues of its optical business division to rise by more than 30% in the third quarter of this year from a year ago, the spokesman said.

Alcatel reports third-quarter results Oct. 31.

The spokesman said growth in Alcatel's overall revenues in the third quarter will exceed the 33% jump registered in the second quarter of this year.

(This story was originally published by Dow Jones Newswires)

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