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

To: larry pollock who wrote (3834)	3/14/2002 12:54:45 PM
From: elmatador	Respond to of 3891

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To: larry pollock who wrote (3834)	3/19/2002 1:13:45 PM
From: larry pollock	Respond to of 3891

U.S. Operator VoiceStream Selects Nokia to Expand Its GSM Network in 300 Million USD Deal Agreement will boost widespread use in the United States of the world's most popular mobile system HELSINKI, Finland--(BUSINESS WIRE)--March 19, 2002-- Nokia and VoiceStream Wireless Corporation, a T-Mobile subsidiary and the largest GSM operator in the United States, have completed an agreement for the expansion of VoiceStream's GSM network in certain major cities across the United States. The three-year supply agreement is estimated to be worth 300 million USD and highlights the longstanding relationship between the two companies. Under the agreement, Nokia will provide both its core and radio-access network for the expansion of VoiceStream's nationwide GSM network, including network deployment in new market areas, such as Ohio and Arkansas. Deliveries will begin immediately. Nokia will provide its EDGE-capable UltraSite base station solution, which addresses the growing demand for higher voice and data traffic in today's mobile networks. An industry-leading product, Nokia UltraSite can support GSM, High Speed Data, GPRS, and EDGE (Enhanced Data rates for Global Evolution) technologies. By optimizing the use of available spectrum, operators can employ EDGE to achieve transmission speeds of up to 473 kbps, allowing them to build higher-capacity data and voice networks. The agreement furthers the relationship between the two companies that began in 1995 with the supply of a GSM network to VoiceStream. In 2001, VoiceStream chose Nokia to supply a nationwide GPRS core network along with the supply of the entire range of Nokia's GSM network equipment, including switching and radio networks supporting packet data. ``We are extremely pleased to be working with VoiceStream to expand its GSM network, already the largest in the U.S.,'' says Bosco Novak, Vice President, Customer Operations at Nokia Networks. ``VoiceStream's successful expansion shows true market leadership, making GSM the dominant wireless technology platform in the United States, consistent with the rest of the world. The selection of Nokia, furthermore, reinforces our cooperation with VoiceStream.'' ``GSM is the dominant digital mobile telephone standard around the world, with over 645 million users globally and 70% global market share, and is clearly the best wireless service for carriers and consumers alike,'' says Tim Wong, Executive Vice President & CTO, VoiceStream. ``It is the most successful digital standard, bringing the benefits of global roaming to consumers and economies of scale to operators. Nokia's competitive GSM products and service offering were instrumental in our choice of Nokia to expand our GSM service to existing customers and to new markets.'' About VoiceStream Based in Bellevue, Wash., VoiceStream and its affiliates own licenses to provide service to over 96 percent of the U.S. population, serving over 6500 U.S. cities. VoiceStream's committed to providing the best value in wireless service through its 'GET MORE' promise to provide customers with more minutes, more features and more service than any other wireless provider in the markets they serve. VoiceStream is the only wireless provider in the United States operating a nationwide network based on the globally dominant Global System for Mobile (GSM) communications technology platform and has successfully introduced GPRS high speed wireless data services across its entire network. VoiceStream is a member of the T-Mobile International group, the mobile telecommunications subsidiary of Deutsche Telekom (NYSE:DT - news). Deutsche Telekom's subsidiaries and affiliates today serve more than 67 million mobile telephony subscribers worldwide. For more information, visit the company web site at voicestream.com About Nokia Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is one of the most broadly held companies in the world with listings on six major exchanges. -------------------------------------------------------------------------------- Contact: Nokia Networks Communications, + 358 7180 38195 nokia.networks@nokia.com or Nokia (Americas) Megan Matthews, 972/894-5000 megan.matthews@nokia.com or VoiceStream Wireless Kim Thompson, 425/653-5027 Fax: 425/653-4670 kim.thompson@voicestream.com

To: larry pollock who wrote (3834)	4/10/2002 9:08:19 AM
From: larry pollock	Respond to of 3891

Alcatel hit by jitters over profit outlook (Recasts with detail on credit rating, analysts) PARIS, April 10 (Reuters) - Shares in French telecoms equipment maker Alcatel (CGEP.PA) were battered on Wednesday as investors fretted about the group's earnings outlook in the wake of worries over north American peers Cisco and Nortel. ADVERTISEMENT Alcatel shares were down 2.14 percent at 15.09 euros at 1101 GMT, trimming an earlier 3.63 percent fall, after rumours that Internet equipment giant Cisco (NasdaqNM:CSCO - news) would miss its quarterly earnings forecasts knocked eight percent off Cisco shares. Traders said talk was circulating in Europe that Alcatel might issue a profit warning ahead of its first-quarter results on April 25, after Nortel Networks (Toronto:NT.TO - news; NYSE:NT - news) warned on Tuesday that its first-quarter sales would be lower than expected. ``Rumours of a profit warning are circulating. We have informed our clients,'' said a trader at a leading brokerage. An Alcatel spokesman declined to comment. Some investors were also anxious about Alcatel's credit rating after two rating agencies downgraded Nortel's corporate credit rating in recent days. RATINGS UNDER SPOTLIGHT Standard & Poor's on Tuesday cut its rating on Nortel to double 'B'-minus (BB-) from triple 'B'-minus (BBB-), on revenue concerns, while Moody's Investor Services slashed Nortel's debt to junk status last week, sending its borrowing costs soaring. While the situation in Europe, where Alcatel makes most of its turnover, is less gloomy than in north America, where Nortel and Cisco are concentrated, Moody's said it was carefully monitoring Alcatel's performance. ``It's a concern for us. If Alcatel's business volumes continue to shrink at the current pace of 20 percent or more, it's hard to imagine a return to profitability,'' said an analyst at Moody's, preferring not to be named. ``A downgrade of Alcatel's ratings is quite possible before the release of second-quarter results, and such a move would not necessarily depend on first-quarter results at the end of the month,'' said Societe Generale credit strategist Suki Mann. S&P analyst Leandro de Torres said Nortel's higher exposure to the north American market meant it was harder hit by the U.S. slump but said it had a stronger capital structure than Alcatel. ``Alcatel has a broader geographic presence and product range but has seen its revenues decline just as much,'' he noted. Alcatel's ratings were last adjusted in February, when S&P cut its short-term rating to 'A-3' from 'A-2' but kept its long-term note at triple-'B' and Moody's cut its long-term note to Baa2 from Baa1. Both agencies have a negative outlook on it. ``I don't think there will be a warning on Q1 results, but the question is whether they will alter their guidance for the full year, especially since most people are already below the company's targets,'' said CLSE analyst Emmanuel Bousquet. ``Alcatel should be one of the survivors in the global equipment sector; it is more solid on a financial level than some of its peers, and I think it would take a significant downgrade to full-year revenues to trigger a credit downgrade.'' Illustrating that banks are still happy to lend it money, Alcatel said earlier on Wednesday it had secured a 2.075 billion euro syndicated credit facility, an increase from a 1.5 billion euro facility announced last month. (Additional reporting by Juliette Rouillon) Email this story - Most-emailed articles - Most-viewed articles