SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?


To: zbyslaw owczarczyk who wrote (2770)11/17/2000 7:05:54 PM
From: zbyslaw owczarczyk  Read Replies (1) | Respond to of 3891
 
Alcatel: under pressure
Friday November 17 2000, 20h12


The Alcatel action was illustrated negatively this week, inserting its support with 70
euros. In addition, the title finished Friday with low of the meeting, with 62,5 euros (- 7,05
%). It acts of the strongest fall of the market.

Several explanations can be advanced to include/understand this movement. It would
seem that the quarterly results published the last week did not dissipate uncertainties on
the prospects. S ' they are overall positive, certain analysts emitted interrogations over the
fourth quarter, estimating that the invoicings " had been inflated " on the third.

The fall also nourishes pressure with the fall exerted by the profit-warning of its
competitors, Lucent Technologies, Ericsson or Nortel Networks.

Lastly, graphically, the depression of the support with 70 euros gives a negative signal.
The following stage would account for 60 euros, corresponding to a peak reached last
June.

The opinion of Boursier.com

We recently advised to sell by precaution this Blue Chip whereas it dimensioned 68
euros. One will benefit from the hollow of market exerted by the Anglo-Saxons to
reposition itself cheaply (towards 60 euros)

( Boursier.com )
-----------------------------
-----------------------------
since ALA has increased its overall forecast for FY2000 from
mid 30 (last July CC) to upper 30 on Oct.30 how come some
speculative analysts could say that Q3 was inflated at the expense of Q4.
On July Q3 CC many analusts have asked ALA to smooth Q3 and Q4 so the company will not have traditional big spike in Q4.

Zbyslaw