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

To: zbyslaw owczarczyk who wrote (2681)	10/31/2000 3:34:54 AM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 3891

Alcatel and 360networks Form Partnership in Optical Networking By Jad Mouawad Paris, Oct. 31 (Bloomberg) -- Alcatel SA, Europe's second- biggest telephone-equipment maker, said it is forming an alliance with 360networks Inc., a Canadian company that's building a global fiber-optic network. The French company said in a faxed statement it will announce the venture in a conference call today. 360networks, based in Vancouver, had been looking for ways to gain capacity spanning the Pacific Ocean. Alcatel, the world's leader in submarine networks, plans to lay more than 100,000 kilometers of submarine cable in the next few years. In the past fifteen years, it has laid enough to circle the world 6.5 times. Alcatel reported third-quarter earnings today. 360networks shares fell $1 to $15.75 yesterday. The company first sold shares to the public in April at $14 apiece. Details of the alliance will be disclosed in a conference call at 3:30 p.m. Paris time. (Teleconference number: 800-230-1951 for the U.S. and Canada and 612-332-0720 or 612-332-0725 outside North America.)