Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Yeadon who wrote (66)	10/6/1998 1:25:00 AM
From: Steve Fancy	Respond to of 3891

Yeadon, thanks for the information. With a little luck, ALA put in a definite bottom. Still looking for low to mid twenties shorter term. Thinking of picking up a few calls. Any idea if ALA might benefit from this IBM/France Telecom arrangement? regards, sf

To: Yeadon who wrote (66)	10/6/1998 1:28:00 AM
From: Steve Fancy	Respond to of 3891

Fidelity Stake In Alcatel Falls Below 5% Says Stk Exchange Dow Jones Newswires -- October 5, 1998 PARIS (Dow Jones)--U.S. mutual fund Fidelity and its subsidiaries have reduced their combined stake in Alcatel SA (ALA) to less than 5% of the company's share capital, France's stock market regulator said Monday. In a regulatory notice, the Conseil des Marches Financiers said Bermuda-based Fidelity International Ltd. and Boston-based FMR Corp. (X.FIN) now hold 198.7 million Alcatel shares, or 4.8% of its capital. The decline in Fidelity's stake follows an increase in the French telecommunications equipment supplier's capital and sales of its shares by the U.S. investment group, the CMF said. Alcatel's shares fell a record 38% Sept. 17 on the Paris stock market after the company surprised analysts with a profit warning after disappointing first-half results. Fidelity was said to be among the biggest sellers of the company's shares at the time. Monday, Alcatel shares led gains in blue-chip stocks with a 6.7% jump to FRF477, up FRF30.

To: Yeadon who wrote (66)	10/6/1998 1:31:00 AM
From: Steve Fancy	Respond to of 3891

Optec Dai-Ichi To Sell Units To France's Alcatel for Y4.7B Dow Jones Newswires -- October 1, 1998 TOKYO (Dow Jones)--Japan's Optec Dai-Ichi Denko Co. (J.OPD or 5810), a wire maker for electronic parts, said Thursday it signed an agreement to sell three overseas subsidiaries to France's Alcatel for a total of Y4.7 billion. The sale is a part of Optec Dai-Ichi Denko's plans to withdraw from most of its overseas operations as part of a restructuring plan following large losses. The deal, to be completed on Oct. 10, involves the sale of Optec D.D. U.S.A., Inc. and Optec Sales Inc. of America to Alcatel Magnet Wire Inc. Optec Dai-Ichi Denko will also sell Optec D.D. (Portugal) Componentes Electricos, LDA to Alcatel Portugal S.A. The subsidiaries all manufacture or sell magnet wires. Optec D.D. had net profit of $1.8 million on sales of $75.3 million for the fiscal year ended March 31. Optec Sales posted a net loss of $5.6 million on sales of $76.5 million. Optec D.D. (Portugal) recorded a net loss of ESC2.62 billion on sales of ESC1.81 billion for the year ended Dec. 31. The subsidiaries will continue to serve their Japanese clients after the sale, Optec Dai-Ichi said.