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

To: Steve Fancy who wrote (3358)	5/29/2001 12:40:25 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 3891

Alcatel Tight-Lipped, Shares Up As Lucent Deal In Offing Dow Jones Online News, 05/29/2001 09:41 PARIS-(Dow Jones)- French telecommunications-equipment maker Alcatel SA (ALA) maintained radio silence Tuesday amid talk that its board is meeting to give the final clearance to Chairman Serge Tchuruk for a multibillion-dollar all-share offer for U.S.-based rival Lucent Technologies Inc. (LU). With further speculation that a possible confirmation of the deal - which would create one of the world's biggest telecom groups - could come as early as 1000 GMT Wednesday, an Alcatel spokesman continued to offer no comment on the possible merger. Investment sentiment is nonetheless swinging round in Alcatel's favor, particularly after the Wall Street Journal reported that the deal wouldn't include Lucent's 58% stake in optoelectronics unit Agere Systems Inc., which is valued at around $7.6 billion. That value of a possible Alcatel offer is significantly below the $42-billion original price tag put on Lucent's assets, although the exact details of the deal - the terms, the structure of a merged company and the project's vulnerability to being scuppered by regulatory concerns in the U.S. - remain unclear. Around 1340 GMT, Alcatel shares were up 60 cents, or 1.9%, at EUR32.40 on the Paris stock exchange. If the merger goes ahead at a reported value of $23.5 billion, it would represent the largest technology-based transaction ever. Alcatel's acquisition would offer no premium to Lucent or its shareholders. The U.S. giant has been struggling to remain competitive over the past 18 months, with its market capitalization falling to around $32 billion from $285 billion in December 1999. Alcatel's market value stands at EUR39.3 billion. -By Valerie Venck and Matthew Curtin, Dow Jones Newswires; 331-4017-1740; matthew.curtin@dowjones.com -0- 29/05/01 13-26G (This story was originally published by Dow Jones Newswires) Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved

To: Steve Fancy who wrote (3358)	5/29/2001 1:21:22 PM
From: James Calladine	Respond to of 3891

"Gotta tell ya, this long term investing stuff is for the birds." On a day like today I join with you in having NO faith in long term investing. Swing trader, down or up, seems to be the only real game. Namaste! Jim

To: Steve Fancy who wrote (3358)	5/29/2001 3:23:36 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 3891

Steve, I will write that quote down if you don't mind, " Gotta tell ya, this long term investing stuff is for the birds. " cheers TA Message #3358 from Steve Fancy at May 29, 2001 12:24 PM Could go as low as 23.5 billion, but sounds like it may not include bell labs? Anyone have any idea what this division might be worth? ALA was trading up almost 2% in early trading last night. Need to do a little digging to see when it gave it up. Let's get this over with. CNBC claiming still a distinct possibility it falls apart, but not sure if that was their opinion or word from all the sources doing such a good job with the leaks. About the only positive I see right now is that it's acting just like it did before the NN acquisition. Whether this deal goes through or not, hope we see a little buying on the news, as they have certainly sold the rumor. Gotta tell ya, this long term investing stuff is for the birds. Steve