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

To: Steve Fancy who wrote (3024)	2/18/2001 11:22:58 PM
From: Ian@SI	Respond to of 3891

Same story with a couple extra paragraphs detailing the growth.... Alcatel CEO: To Achieve 25% 1Q Revenue Growth Target Dow Jones Newswires SINGAPORE -- 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). Serge Tchuruk said Alcatel is less affected than its competitors because North America accounts for only a quarter of Alcatel's sales. Sales to Europe and the Asia Pacific, which account for 52% and 9% of total sales, respectively, are still healthy, cushioning overall sales, he said. The Asia Pacific, he said, is also poised to grow stronger. Tchuruk said he expects sales to grow 15% to 20% in the region in 2001, nearly double the industry average. -By Hasan Jafri