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

To: larry pollock who wrote (3528)	7/9/2001 4:33:10 PM
From: larry pollock	Read Replies (1) \| Respond to of 3891

"an acceleration of its cost management initiatives in the U.S." Monday July 9, 4:27 pm Eastern Time Press Release Alcatel Media Statement DALLAS--(BUSINESS WIRE)--July 9, 2001--To address the continuing economic slowdown in the United States telecommunications networking industry, Alcatel today announced an acceleration of its cost management initiatives in the U.S. The initiatives, designed to gain efficiencies in Alcatel's overall U.S. operating budget, will include a reduction of 2,500 positions and additional facility consolidation in the U.S. Employees affected by the reduction will receive a severance package and outplacement services. 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 110,000 employees and sales of EURO 31 billion in 2000, Alcatel operates in more than 130 countries. For more information, visit alcatel.com -------------------------------------------------------------------------------- Contact: Alcatel Media Contact: Brian Murphy, 972/519-6677 brian.d.murphy@usa.alcatel.com Investor Relations: Peter Campbell, 972/519-4347 peter.campbell@usa.alcatel.com E

To: larry pollock who wrote (3528)	7/9/2001 10:45:16 PM
From: zbyslaw owczarczyk	Read Replies (2) \| Respond to of 3891

re:``With the dramatic reduction of infrastructure spending across the telecommunications industry, and our expectation that this market downturn could last 12 to 18 months, just 5 months ago they were much more optimistic. they know as much as we know. it will be interesting to see what will happen to profit margins on component next year, when demand will increase and capacity will be sharply reduced........ ZO