Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: larry pollock who wrote (3089)	3/1/2001 2:08:43 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 3891

Alcatel Provides Broadband Access to Jiangsu; ADSL Provides Chinese Customers with Unprecedented Internet Access DALLAS--(BUSINESS WIRE)--March 1, 2001--Alcatel (Paris: CGEP.PA and NYSE:ALA), the world leader in Digital Subscriber Line (DSL) and broadband solutions, has been selected by Jiangsu Telecom (a subsidiary of China Telecom) to provide 30,000 Asymmetric Digital Subscriber Lines (ADSL) to meet the explosive demand for high-speed Internet access. As a result of rapid economic growth, demand for bandwidth and other telecommunications services in Jiangsu, a coastal province in East China, is among the highest in China. The Jiangsu ADSL deployment will cover all the major cities in the province, including Suzhou, Changzhou, Lianyungang, Huaiyin, Xuzhou, Suqian. ADSL enables Internet subscribers to use regular analog telephone lines to access the Internet at speeds 200 times higher than traditional dial-up connections. With Alcatel's "always-on DSL solution, " end-users can enjoy a wide range of integrated data, voice and video services, video-on-demand, multi-media distance learning, tele-working and video conference. With ADSL users can also simultaneously make phone calls or send faxes. "Jiangsu Telecom wants to ensure that our customers can enjoy the benefits brought by the Internet revolution," said Mr. Li Chao, vice general manager of Jiangsu Telecom. "Broadband access is adding a new dimension to people's lives." "Our proven experience world wide and unrivalled products are obviously the key elements for us to win our Chinese customers," said Mr. Dominique de Boisseson, chairman and CEO of Alcatel China. "This project is also about partnership and cooperation, which Alcatel highly values. We are proud to be working with progressive service providers like Jiangsu Telecom to deliver advanced broadband solutions to the Chinese market." According to statistics, there were 22.5 million Internet users in China at year-end 2000, compared to only 8.9 million one year ago. The number of broadband users is expected to continue to increase as Internet demand continues to accelerate. Alcatel has 53% of the global DSL market share. In 2000, the company shipped 6 million DSL lines to operators worldwide. Alcatel also recently was awarded a contract to supply more than 38,000 ADSL lines to Guangdong Telecom, a subsidiary of China Telecom. Alcatel builds next generation networks, delivering integrated end-to-end voice and data networking solutions to established and new carriers, as well as enterprises and consumers worldwide. With 130,000 employees and sales of EURO 31 billion in 2000, Alcatel operates in more than 130 countries. For more information, visit www.alcatel.com. CONTACT: Alcatel Tami Christie, Tel : 707-665-8237 Tami.christie@usa.alcatel.com or Hafida Guenfoud, Tel : + 33 (0)1 40 76 51 56 Hafida.guenfoud@alcatel.fr or Investor Relations Claire Pedini, Tel : +33 (0)1 40 76 13 93 claire.pedini@alcatel.fr or Chris Welton, Tel : +33 (0)1 40 76 13 30 chris.welton@alcatel.fr or Emmanuel Spite, Tel : +33 (0)1 40 76 16 04 emmanuel.spite@alcatel.fr or Peter Campbell, Tel : + 1 972 519 4347 Peter.campbell@usa.alcatel.com KEYWORD: TEXAS CHINA INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET TELECOMMUNICATIONS MARKETING AGREEMENTS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 2001, Business Wire

To: larry pollock who wrote (3089)	3/6/2001 12:56:22 PM
From: larry pollock	Read Replies (1) \| Respond to of 3891

Banc of America Cuts Estimates for Cisco, Sees Signs of Weakness in Europe By TSC Staff 3/6/01 11:21 AM ET Banc of America Securities lowered its fiscal 2001 and 2002 earnings and revenue estimates for Cisco Systems (CSCO:Nasdaq - news) because of the firm's "waning confidence" in the recovery of a number of key industry and macroeconomic trends. Market Update: Does Chip Sector Rally Herald a Bottom? Productivity Fell and Unit Labor Costs Rose in Fourth Quarter Analyst Actions: Xilinx, Redback Networks, StorageNetworks Nortel's Numbers Bearing the Weight of WorldCom Spending Worries Europe is also starting to show signs of weakness, the firm said, in a departure from the widespread belief that North America is the only market suffering through a slowdown in spending on telecom equipment. Banc of America cut its fiscal 2001 profit estimate to 60 cents from 63 cents and reduced its 2002 earnings forecast to 70 cents from 75 cents. Banc of America also downgraded Cisco to buy from strong buy in order to reflect a more cautious outlook for the second half of 2001 and the reduced estimates. The firm said the current slowdown of North American carrier spending, as well as reduced IT budgets, "will likely lead to a longer-than-anticipated transitional period before the resumption of normalized growth." Shares of Cisco gained $1.63, or 7%, to $24.69 in recent Nasdaq trading.