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


To: lebo who wrote (119)8/2/1998 2:23:00 PM
From: Sawtooth  Read Replies (1) | Respond to of 285
 
<<I would appreciate if someone could add some color as to why the Telefonica announcement did not send the stock into space.>>

I'll take a quick stab at it: The market is currently tanking ("correcting", ...) and good news is generally overlooked; bad news causes a freefall. Not arguing against this being good news for Ala. ...Tim