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

To: larry pollock who wrote (3197)	4/4/2001 12:26:07 PM
From: elmatador	Read Replies (1) \| Respond to of 3891

And it makes quack quack quack, if it is not a duck than is a downsized Swan!!!

To: larry pollock who wrote (3197)	4/5/2001 8:50:50 AM
From: elmatador	Respond to of 3891

More job cuts at ALA. Alcatel confirms turnover target, rules in more job cuts By Reuters staff 05 April 2001 Serge Tchuruk, chairman of French telecoms equipment supplier Alcatel, said on Wednesday the group should reach its first-quarter turnover target but conceded poor visibility for the sector could require further job cuts. Alcatel has forecast turnover growth of 20 percent for the first quarter of 2001 and is due to release those figures later this month. "What we will release in a few weeks time should be able to confirm (that target)," Tchuruk told France's LCI television. But in the meantime, he said a "lack of visibility" for the telecoms sector could lead to more job cuts should the market deteriorate. Asked if that meant job losses in France, after Alcatel announced earlier this week it was shedding 1,100 jobs in the United States, Tchuruk said that was possible. "We have social and economic policies adapted to each country. Now we definitely have to slow payroll growth in France," he said. If economic and market conditions were to sour "we would have to take steps but staff would be the first to be informed," he added.

To: larry pollock who wrote (3197)	4/5/2001 10:48:11 AM
From: larry pollock	Read Replies (1) \| Respond to of 3891

Alcatel CEO Sees Nexans Cable Unit IPO Before Summer (Update1) By Daniel Tilles Paris, April 5 (Bloomberg) -- Alcatel SA expects to sell shares in its cable unit, Nexans, before summer, the company's chief executive said. Last year, analysts valued the business at about 1 billion euros ($900 million). ``In all likelihood it should be before summer,'' Alcatel Chief Executive Serge Tchuruk told journalists. The initial share sale of Nexans, which accounted for 15 percent of Alcatel's revenue in 2000, was delayed in October while the company debated whether to sell the unit to industrial investors or sell shares to the public. ``An IPO will free up management to focus on the problem child in its core telecoms business--mobile phones,'' said Eric Burkel, an analyst with Global Equities, who has a ``buy'' rating on Alcatel shares. ``We have been waiting a long time for this.'' The Paris-based company, Europe's fourth-biggest phone equipment maker, said last month that it would post a loss at its mobile phone unit because of lower sales this year. Following the Nexans sale, Alcatel will derive all revenue from its telecommunications businesses. That's compared with 35 percent in 1995, the year Tchuruk took the helm. Sales at Nexans rose 17 percent to 1.13 billion euros and operating profit rose 66 percent to 40 million, Alcatel said in October. It will be the world's third-largest cable company after Pirelli SpA of Italy and Sumitomo Electric Industries Ltd. of Japan after the sale. Alcatel shares rose as much as 1.48 euros, or 4.6 percent, to 33.38 and were recently at 33.29 euros.