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


To: zbyslaw owczarczyk who wrote (3023)2/18/2001 11:16:27 PM
From: Steve Fancy  Read Replies (1) | Respond to of 3891
 
Alcatel CEO: To Achieve 25% 1st Quarter Revenue Growth Target

Dow Jones Online News, 02/18/2001 23:05

SINGAPORE -(Dow Jones)- French telecommunications equipment maker Alcatel SA (ALA) expects to achieve its 25% sales growth target for the first quarter of 2001, the company's Chairman and Chief Executive Serge Tchuruk said Monday.

"It looks like Alcatel is doing better than most of its competitors," he said, adding, "I see no reason to change the outlook in the first quarter."

Tchuruk comments come following warnings of slower sales by Alcatel's main north American competitors such as Nortel Networks Corp. (NT).

(This story was originally published by Dow Jones Newswires)

Copyright (c) 2001 Dow Jones & Company, Inc.

All Rights Reserved



To: zbyslaw owczarczyk who wrote (3023)2/19/2001 1:25:23 AM
From: elmatador  Read Replies (1) | Respond to of 3891
 
I bought Siemens at E137.90. Intended to sell at E157. I decided them to hang on to them untill they list their shares in in the US coming March.

While bad news shake US telco shares, the same bad news do not shake Siemens as much.

I want to sell now only when they reach 167. My fear is ALA bring bad news and being a European vendor, it wouls affect Siemens badly. I want ALA do to do well, you know.



To: zbyslaw owczarczyk who wrote (3023)2/19/2001 6:56:29 AM
From: elmatador  Read Replies (1) | Respond to of 3891
 
"...the share of traditional fixed-line investment of the total budget would fall from 60 per cent in 1999 to a planned 40 per cent in three years' time. Investment would focus instead on mobile telephony, data transmission and packet switching, he said..."

Now tell me if fixed line is dying or not!

TPSA details spending plans
By Stefan Wagstyl, East Europe Editor
Published: February 19 2001 01:45GMT | Last Updated: February 19 2001 01:49GMT



TPSA, the Polish telecommunications group that last week defied investor caution in the telecoms sector with a E500m bond issue, plans to concentrate investments on mobile and data-linked services.

Donald Chodak, finance director, said the share of traditional fixed-line investment of the total budget would fall from 60 per cent in 1999 to a planned 40 per cent in three years' time. Investment would focus instead on mobile telephony, data transmission and packet switching, he said.

The group, in which France Telecom has a strategic stake, has fulfilled an obligation to ensure at least 25 per cent of Polish homes had telephone connections. By the year-end the figure had reached 27 per cent.

TPSA completed its bond offering on Friday despite the current fund-raising difficulties faced by many larger telecoms groups. The five-year issue, its fourth since 1998, carries a coupon of 6.625 per cent.

Schroder Salomon Smith Barney, the US investment bank, and Germany's Deutsche Bank, which jointly managed the offer, warned against interpreting the success as a sign of recovery in investor sentiment towards global telecoms groups.

They said the issue instead reflected interest in the economic potential of the eastern European region and of TPSA in particular.

Mr Chodak said TPSA might return to the international market this year for a further E500m. In the longer term, he hoped to raise funds in Polish zloty as the Polish capital market was growing and funds were becoming available for longer maturities, such as for five years.

Since interest rates in Poland were falling towards EU levels, it could in the next year or so become cheaper to raise money there than in the international market, he said.