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

To: zbyslaw owczarczyk who wrote (2647)	10/24/2000 6:15:24 PM
From: The Phoenix	Respond to of 3891

ZO, NT taking a dive in AH on earnings report. Looks like we're all going down. Live by the sword, die by the sword.

To: zbyslaw owczarczyk who wrote (2647)	10/25/2000 12:45:55 PM
From: Francois Lavoie	Respond to of 3891

Hi Zbyslaw, It's been a long time... Don't know if ALA still has an ownership in ImagicTV, but it was one of NN's affiliates. Seems ALA wants to IPO all of the affiliates ! It sure is a nice way to release the value out of them. I think it works one the same area as Liberate Nasdaq:LBRT Cheers, Francois. Here's the release: Posted Tuesday October 24, 2000 ImagicTV files IPO with U.S. regulators By Business Media Network staff New Brunswick's ImagicTV Inc. made a filing with the U.S. Securities and Exchange Commission on Tuesday for an IPO worth about $51 million (all figures in U.S. dollars). The company's software lets telephone companies and other service providers deliver digital television and interactive media to subscribers' TVs and computers over a high-speed network. ImagicTV is looking to sell 4.75 million common shares for $11 to $13 a share. It has applied for a Nasdaq listing under the symbol "IMTV'' and a TSE listing under "IMT." The lead manager of the IPO is Merrill Lynch, assisted by Chase H&Q and CIBC World Markets. If the 4.75 million shares are oversubscribed, they have an over-allotment option on 712,500 extra shares, the SEC filing said. There will be about 24.6 million common shares outstanding when the IPO is completed. ImagicTV expects to net about $50.8 million in proceeds, which it plans to use for sales and marketing, research and development, working capital and general corporate purposes, including potential future acquisitions. ImagicTV began operations in January 1998 after acquiring technology from NBTel Inc., the incumbent local exchange carrier in New Brunswick, which then owned all of ImagicTV's outstanding shares. The shares are now owned by parent company, Aliant Inc., ImagicTV's largest shareholder. ImagicTV's software is marketed to established and emerging phone companies as well as power and utility companies and Internet service providers. ImagicTV said that the telecommunications, cable and satellite industries are undergoing changes that are resulting in a bundling of voice, Internet and television services. "The barriers that once restricted telephone and cable service providers to a specific geographic area or service offering, such as telephone service or broadcast television, are disappearing,'' it said in its IPO prospectus.