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

To: larry pollock who wrote (3625)	9/18/2001 2:08:52 PM
From: kech	Read Replies (1) \| Respond to of 3891

biz.yahoo.com Belgacom signs multimillion dollar deal with Alcatel

To: larry pollock who wrote (3625)	9/24/2001 6:15:02 AM
From: elmatador	Read Replies (1) \| Respond to of 3891

I have -in several opportunities- said in the LMT thread that the problem with ADSL, in particular, and CLEs, in general, was IMPLEMENTATION. But now I've got to the root. NO one was much interested in implementation. The fact is: no one had a long term interest in the companies to operate as viable enterprises. They were just pumping hot air in the firms to get them attractive to a buyer. Venture Capitalism is not much than make a quick buck and run. Venture capitalists baked ventures aiming but not in having these assets for the long term. It was just build, market-blitz and get rid of it. This worked for many ventures that ended up bought by overvalued stocks. It was an action among friends: CSCO guys were seating at boards of those new formed companies. It perhaps warrants an investigation on these deals, venture capitalists and buyers. I see it today, Nortel writing off 5.3 billion in good will in JDS after a high figure (can't recall how much) written off due to the purchase of Promatory. Marconi, went shopping in the US for FORE and Reltec. It aimed at selling the company to a big telecom vendor. The collapse happened before they achieved their aim and are no in deep trouble. If bad companies and bad plans plus greedy guys screw this thing up, we are not going to shed a tear for those guys, are we?

To: larry pollock who wrote (3625)	10/22/2001 1:09:12 PM
From: larry pollock	Read Replies (2) \| Respond to of 3891

SBC TO DELAY PRONTO EXPANSION- Monday October 22, 12:07 pm Eastern Time SBC Plans Several Thousand Job Cuts SBC Says It Plans to Slash Thousands of Jobs As It Announces 3Q Earnings Decline SAN ANTONIO, Texas (AP) -- Regional phone service provider SBC Communications Inc. [NYSE:SBC - news] said Monday it would cut several thousand jobs and slash other costs because of a slow economy and regulatory setbacks that will make it difficult to increase earnings next year. SBC, which employs 219,000 people overall and provides local phone service in the Southwest and Midwest, made the announcement as it reported its third-quarter net income was $2.07 billion, or 61 cents per share, a 31 percent decline from $3 billion, or 88 cents per share a year earlier. Excluding one-time items, it earned $2 billion, or 59 cents per share. That fell a penny short of the 60 cents expectation of analysts surveyed by Thomson Financial/First Call. In midday trading on the New York Stock Exchange, SBC shares were down 4.5 percent, or $1.98 a share, at $41.66. Sales, including revenues from its Cingular Wireless joint venture, rose less than 1 percent from $13.42 billion to $13.52 billion. Chairman and chief executive Edward Whitacre Jr. said SBC had to cut costs because a tough economy that it expects to last through next year, limiting business and consumer demand, and due to an uncertain regulatory environment. Despite a 1996 law intended to reduce regulation in the telecommunications industry, SBC is more heavily regulated than ever, Whitacre said. He said rules governing high-speed Internet service have added hundreds of millions of dollars in costs and will force SBC to delay expansion of its system, called Project Pronto. ``The regulators are expecting more and more out of us, and I don't think that's right, I don't think that's justified,'' he said. Federal and state regulators have also slowed SBC's plans to expand its long-distance service into California and other states. Whitacre said the economic and regulatory trends would limit SBC's ability to grow next year, but he declined to answer when analysts pressed him for details or an estimate of the impact on earnings. The company will cut capital spending by about 20 percent next year, Whitacre added. For the first nine months of the year, SBC said net income was $6 billion, or $1.77 a share, down 10 percent from $6.67 billion, or $1.95 a share, a year earlier. Sales fell 13 percent to $34.01 billion from $39.17 billion a year ago. In addition to local phone service throughout much of the Southwest and Midwest, SBC offers long-distance phone service to 4.6 million lines in Texas, Oklahoma, Kansas and Connecticut. On the Net: SBC site: sbc.com