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

To: zbyslaw owczarczyk who wrote (2623)	10/20/2000 7:41:53 AM
From: shotski1	Respond to of 3891

Paris, October 20, 1999-Alcatel (Paris: CGEP:PA and NYSE: ALA) announced today it has priced its offering of its Class O Optronics Division tracking shares. Alcatel sold 16,500,000 shares, at a price to the public of Euro 85.00 per share ($71.95/ADS). The underwriters have a greenshoe option to subscribe an additional 2,475,000 class O shares to cover over-allotments. The offering was four times over-subscribed in difficult market conditions. The shares begin trading today in Paris on the Premier Marché under the symbol CGO and in New York in the form of American Depositary Shares on the NASDAQ under the symbol ALAO. The global coordinator and book-running lead manager of the offering is Morgan Stanley Dean Witter. Alcatel will use the net proceeds of the offering for general corporate purposes. Mr. Jean-Pierre Halbron, President and CFO of Alcatel said, "Our Optronics tracking stock, the first of its kind in Europe to our knowledge, allows us to highlight the inherent value of our world-leading optical components activities. The success of this offering, in, quite frankly, difficult market conditions, validates our overall strategy to create shareholder value in the high growth telecom business." Copies of the prospectus relating to the offering may be obtained from : Alcatel Morgan Stanley Dean Witter 54, rue La Boétie 25, cabot square 75 008 Paris London E14. About Alcatel Optronics Alcatel's Optronics Division designs, manufactures and sells high performance optical components, modules and integrated sub-systems for use in terrestrial and submarine optical telecommunications networks. Operating state-of-the-art manufacturing plants in North America and Europe, Alcatel's Optronics Division is a leading supplier of DWDM lasers, photodetectors, optical amplifiers, high-speed interface modules and key passive devices such as arrayed waveguide multiplexers and Fiber Bragg Grating filters. It also has experience in integrating active and passive components and modules into sub-systems. The Optronics Division is part of Alcatel's Optics Group which comprises Alcatel's world-leading activities in optical networking, including submarine and terrestrial transmission systems, fiber optics and optical components. About Alcatel Alcatel builds next generation networks, delivering integrated end-to-end voice and data networking solutions to established and new carriers, as well as enterprises and consumers worldwide. With 120,000 employees and sales of 23 billion in 1999, Alcatel operates in more than 130 countries. alcatel.com