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

To: Doug who wrote (178)	9/28/1998 10:19:00 AM
From: Mike K	Respond to of 285

Doug! Just got back from 2 weeks vacation. Like many ALA investors, I was totally caught off guard by their earnings downgrade. I've been in and out of this stock for over 5 years. I'm now going to be trading it. They still have too much capacity in Europe and several divisions where margins are down. Wire and cable business is slowing. Their cellular handsets are getting creamed by Nokia. The company is restructuring, but this latest hit is going to put a crimp on their expansion plans. In an earlier message, I said I was lousy at price forecasting and I guess I proved it. Cheers, Mike