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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: MikeM54321 who wrote (2034)	9/17/1998 9:31:00 AM
From: MikeM54321	Read Replies (3) \| Respond to of 12823

Thread, Another, "warning" from a major telecom/networker supplier. Alcatel. It's down 30% in European trading before the open in NY. MikeM(From Florida) ______________________ BEFORE THE BELL -- Alcatel pounded down NEW YORK, Sept 17 - Alcatel's New York Stock Exchange-listed shares fell sharply preceding the market open, matching the telecoms gear maker's tumble overseas after it issued a profit warning based in part on Russian and Asian economic turmoil. Ahead of the U.S. opening bell, Alcatel's stock dropped to 20-3/4 from Wednesday's NYSE close of 31-1/4, traders said. Earlier in Paris, the French company warned of profit weakness, blaming a drop in orders from its traditional client base and the crises in Asia and Russia. Trading in Alcatel was suspended on the Paris bourse and then requoted down 28 percent at 668 francs at 1130 GMT, but soon fell further and was suspended again at 650 francs. Alcatel said in a statement that its operating income at its key telecoms segment "will be adversely impacted by the sharp investment cuts recently decided by some traditional operators and the deepening of the Southeast Asian and Russian crisis." The news weighed on shares of Alcatel's competitors in European trade, declines that spread to U.S. pre-open activity.