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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (54866)	10/31/2001 3:39:46 AM
From: StanX Long	Read Replies (2) \| Respond to of 70976

Alcatel to shed 10,000 jobs October 31, 2001: 3:23 a.m. ET French telecom equipment maker posts Q3 loss, expects red ink for full year Alcatel may make loss - Sep. 5, 2001 Alcatel LONDON (CNN) - Alcatel, Europe's fourth-largest telephone equipment maker, said on Tuesday it would cut 10,000 jobs as it posted third-quarter loss. Alactel, like its rivals Ericsson and Lucent Technologies, has been hit hard by a sharp downturn in demand from telecom operators for wireless and internet technology as the global economy teeters on the brink of a possible recession. money.cnn.com