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

To: Mike K who wrote (113)	7/28/1998 1:52:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 285

France's Alcatel Reports 1st-Half Sales Rose 2.4% On Higher Revenue Dow Jones Online News, Tuesday, July 28, 1998 at 04:35 PARIS -(Dow Jones)- French telecommunications concern Alcatel SA said Tuesday its first-half sales rose to 61.54 billion francs ($10.2 billion) from a pro-forma 60.07 billion francs a year earlier as a result of higher telecom revenue. Alcatel (ALA) said the second quarter was adversely affected by completing a telecom digitalization program in Germany and the nonrecurrence of a strong second quarter in southeast Asia experienced in 1997. The company said its consolidated sales figures no longer include engineering unit Cegelec, which it sold earlier this year, or Alstom SA, which it listed on the stock market in June. The company posted in the first half of 1997 revenue of 86.83 billion francs. Telecom sales rose to 40.88 billion francs from 38.65 billion francs as increased transmission revenue offset a fall in switching and access sales. Mobile infrastructure was negatively effected by the Asian crisis, Alcatel said. Cables and components revenue rose to 23.7 billion francs from 23.58 billion francs as submarine cables, components and data cables grew. Pricing pressure in fiber-optic activities remained high. Meanwhile, orders increased to 64.4 billion francs from 62.2 billion francs a year ago, the group said. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.