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

To: Steve Fancy who wrote (135)	10/28/1998 7:10:00 PM
From: TokyoMex	Read Replies (2) \| Respond to of 3891

Framatome,, is a national institution in nuclear power.. almost every manfs ,, from rubber parts to electronics are partners in Framatome projects all over the world,, unlike the Three Mile Island,, Framatome nuclear plants are in use all over Europe and Asia .. I do not mean it is a wise choise but for what it is ,, they are OK ,, Alsthom ,, can be sold off,, in fact ALA is in process of dropping ,, side shows and going for the meat,, I think their recent share drop woke the up to a harsh reality ..

To: Steve Fancy who wrote (135)	10/29/1998 3:42:00 PM
From: Steve Fancy	Respond to of 3891

Alcatel's Shrs Rise But Analysts Lukewarm On 9-Mo Rev>ALA By David Gauthier-Villars PARIS (Dow Jones)--Shares in French telecommunications company Alcatel SA (ALA) rose sharply Wednesday, bucking the an overall negative market trend, despite the company releasing neutral nine-month sales figures, analysts said. "I am bemused by today's spurt of interest in the stock as the company's nine-month and third quarter sales figures were no more than in line with broad market expectations," said an telecommunications analyst at a Paris-based brokerage house who wished to remain anonymous. Alcatel's shares shot ahead 3.4% Wednesday, or FRF19, to close at FRF573, while the CAC-40 benchmark index fell 1.6%, or 57.15 points, to finish at 3493.60. The stock rose as high as 6% during the trading session, reaching FRF587. In its first report since shocking shareholders with poor first-half earnings and a profit warning in mid-September, Alcatel said early Wednesday that revenue rose 2.4% to FRF93.2 in the nine months to Sept. 30. Third-quarter revenue was FRF30.7 billion, down 1.0% from the same 1997 period. Alcatel said third-quarter sales of its cables and components division fell by 9.8%, while third-quarter sales of its telecommunications division rose by 10.1%. "The fall in revenue of the cable division was in line with expectations, while the company did slightly better than forecasted in telecommunications," said Christian Royer, a trader at IFF Bourse. Alcatel Chairman Serge Tchuruk said: "The goal of around 10% sales growth in the telecom (division) for the full year should be reached." Solid as the revenue figures were, analysts were lukewarm in their response, with Alcatel providing no new information to warrant an upgrade in their recommendations. Alcatel's released just sales figures Wednesday, with no comment on operating profit margins, the analysts said. "It seems investors were pleased to hear from (Alcatel Chairman) Serge Tchuruk that full-year revenues of the telecommunications division would post a double-digit growth," said another Paris-based analyst. This comment somewhat counterbalanced previous concerns that telecoms equipment suppliers would be hurt by a slowdown in capital investment by telecoms operators such as Deutsche Telekom (DT) and France Telecom (FTE). Otherwise hard pressed to explain the rise in Alcatel's share price, analysts said investors were probably reacting favorably to the absence of any more bad news. Alcatel roused investor ire Sept. 17, issuing an unexpected profit warning after releasing its first-half results. Its shares fell 38% in Paris that day. Investors who cut short their exposure to Alcatel's shares in the wake of the profit warning are maybe willing to buy back the shares, as the stock remains so far below its recent high of FRF1411 in July, analysts said. Despite Wednesday's jump, Alcatel's shares should remain pegged in a range of FRF500 to FRF600 until the end of 1998. "There are still too many uncertainties that need to be cleared out about the outlook for the telecommunication equipments market and Alcatel's full-year results," an analyst said. -David Gauthier-Villars; 33 (0) 1-5300-0303; dvillars@ap.org -0- 28/10/98 17-05G

To: Steve Fancy who wrote (135)	10/29/1998 3:45:00 PM
From: Steve Fancy	Respond to of 3891

Globalstar Expects 3 Mln Intl Subscribers By 2003 By I-Chun Chen BEIJING (Dow Jones)--Globalstar Telecommunications Ltd. (GSTRF) expects that subscribers of its satellite phone service will reach 2.2 million worldwide by 2002 and three million by 2003, company executives told Dow Jones Newswires Thursday. The number of subscribers in China is forecast to reach 200,000 in 2002 and grow 20% annually, Ming Louie, Globalstar's vice president of Asia Pacific Business Development, said in an interview. The San Jose, Calif.-based company, which opened a representative office in Beijing Thursday, has already completed a gateway - or satellite-to-network connection point - in Beijing. Another gateway in China's western city of Lanzhou will be set up by next year and one in Guangzhou should be up by late 1999 to 2000, said Louie. Globalstar's $3 billion satellite phone system will begin operations in the Americas and in Europe by September 1999, and will start in China, South Korea and South Africa by October. The explosion last month of a rocket carrying 12 Globalstar satellites had set back company plans by three months, Louie added. By the end of next year, there will be 32 operating gateways worldwide and 39 to 40 gateways by 2000, said John Cunningham, Globalstar's public relations manager. Each gateway costs about $8 million to $12 million to construct, he added. Globalstar plans to charge telecom service providers a wholesale rate of 55 US cents to 65 cents a minute, while companies involved in its partnership will be charged 35 cents a minute. The retail price of the service is expected to be $1 to $2, Cunningham said. The company also plans to sell mobile phones allowing both cellular and satellite services at $900 retail. That price is expected to fall to $750 as demand increases, Louie said. Globalstar expects that about 60% of its customers in China will be companies that operate in remote areas not covered by cellular networks, such as transport companies, Louie said. About 5% will be international travelers and about 35% of the company's business will be in establishing fixed-site phones in remote areas with little or no phone lines, he added. Aside from China, the company's other Asian gateways are in South Korea and Taiwan. It is planning another gateway in Thailand and are currently in discussions for one in India, Louie said. Asian subscribers are expected to make up 20% of worldwide subscribers. Globalstar is a partnership of several telecommunications service providers and equipment makers, including Qualcomm Inc. (QCOM), Alcatel Alsthom (ALA), China Telecom Ltd. (CHL), Dacom Corp., Daimler-Benz AG (DAI), France Telecom (FTE), Hyundai, Vodaphone Group PLC (VOD) and Loral Space & Communications Ltd. (LOR), which owns 42% of Globalstar. China Telecom, which has invested $37.5 million in Globalstar, is the company's exclusive service provider in China. -By I-Chun Chen; 8610 6532-6652; ichen@ap.org

To: Steve Fancy who wrote (135)	10/29/1998 3:48:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 3891

All right folks, anyone know what ALA's holding in Globalstar is? Globalstar is a partnership of several telecommunications service providers and equipment makers, including Qualcomm Inc. (QCOM), Alcatel Alsthom (ALA), China Telecom Ltd. (CHL), Dacom Corp., Daimler-Benz AG (DAI), France Telecom (FTE), Hyundai, Vodaphone Group PLC (VOD) and Loral Space & Communications Ltd. (LOR), which owns 42% of Globalstar. I've got to spend some more time yet understanding this company. Lately seems a day hardly goes by that I learn about a new ALA something company. Thanks, sf