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

To: bertrand bidaud who wrote (182)	11/6/1998 12:26:00 PM
From: Steve Fancy	Respond to of 3891

WRAP: Alcatel Telecoms Unit Shakeup Wins Thumbs Up Dow Jones Newswires -- November 4, 1998 By David Gauthier-Villars PARIS (Dow Jones)--Alcatel (ALA) said Wednesday it would reorganize its ailing core telecommunications equipment unit and replace some top managers. The moves follow a surprise profit warning in September that triggered a collapse in the group's share price and damaged investor confidence in the company. "The moves are a direct and consistent answer to investors and shareholders who had the impression (Alcatel's) telecom division was mismanaged," said Jean d'Anjou, an analyst at Societe Generale. Alcatel will reorganize its telecommunications division into three business groups and transfer several executives to senior positions at the unit. It also appointed a new vice president for the division and confirmed the entire group will switch to quarterly financial reporting in 1999. Analysts said the appointment of Krish Prabhu as senior executive vice president of Alcatel Telecom is likely to focus the division on new business opportunities rather than on serving the group's traditional European corporate clients. Prabhu, who joined the company in 1984, was appointed head of Alcatel's U.S. operations in September. Analysts said the initiatives are aimed at strengthening Chairman Serge Tchuruk's control over the group's telecommunications division. However, they said the real test will be whether the latest maneuver will translate into improved profits and better communication with the investment community. Alcatel shares, which fell 38% on the day its profit warning and first-half results Sept. 17, stood at FRF632 on the Paris stock exchange around 1520 GMT, up FRF29 on the day. The CAC-40 benchmark index was up 76.36 points, or 2.1% to 3660.00 points. "The company is willingly addressing its problem at the management level and that can only be welcomed by investors," said a trader at KBC Securities France brokerage house. The transfer of several executives from the company's cables and components division to the telecommunications division is part of Tchuruk's effort to tighten accounting procedures, analysts said. Alcatel said Franck Imbert, former financial controller of the cable division, had been appointed financial controls director of the telecommunications division. "Imbert and other executives from the cable division are well respected for their rigorous accounting management. Imbued with Tchuruk's trust, they will be in charge of running a tighter ship," said d'Anjou. But warning that "one man doesn't change a company", d'Anjou added that the changes initiated by Tchuruk had yet to prove their efficiency. Analysts said the reorganization of Alcatel's telecom activities by market segment with three core business groups should raise the company's ability to adapt its products for the fast changing telecommunications sector. Alcatel said its Networking Business group will be responsible for switching and mobile infrastructure and for mobile services and network services. The Access & Transport Business group will deal with transmission, access, submarine networks and space activities, and a focus on Internet technology, while Enterprise & Consumer Business group will cover the private networks and consumer market, comprising voice and data enterprise networks, GSM and Internet terminals, Alcatel said. Analysts expressed skepticism that Alcatel's shares would rise over FRF650 in the near future, saying that uncertainties weighting on the telecommunications sector, notably on the demand side, had to be cleared out. -By David Gauthier-Villars; 33 (0) 1-5300-0303; -dvillars@ap.org

To: bertrand bidaud who wrote (182)	11/6/1998 12:29:00 PM
From: Steve Fancy	Respond to of 3891

Alcatel Bought Back 2.5 Mln Of Its Shares In October Dow Jones Newswires -- November 4, 1998 PARIS (Dow Jones)--French telecommunication-equipment supplier Alcatel SA (ALA) bought back 2,452,500 of its own shares over the course of October, French stock market regulator Conseil des Marches Financiers said Wednesday. The company's board approved a 10% share buyback plan in September.

To: bertrand bidaud who wrote (182)	11/6/1998 12:32:00 PM
From: Steve Fancy	Respond to of 3891

TESAM In Globalstar Pact With France Telecom Mobiles PARIS (Dow Jones)--French mobile telephone service provider TESAM said Friday that it has signed a roaming agreement with France Telecom Mobiles, giving all subscribers to the latter's Itineris service access to the Globalstar national and international networks. France Telecom Mobiles is a subsidiary of France Telecom (FTE), while TESAM, 51%-owned by France Telecom with the remainder held by Alcatel (ALA), is an exclusive provider of Globalstar services in 31 countries. The Globalstar network is owned by U.S.-based Globalstar Telecommunications Ltd. (GSTRF). It will offer a worldwide digital communications service via a network of 48 satellites when it begins commercial operations in the third quarter of 1999. -0- 06/11/98 11-54G

To: bertrand bidaud who wrote (182)	11/6/1998 12:34:00 PM
From: Steve Fancy	Respond to of 3891

Alstom Unit Gets Locomotive Assembly, Testing Pact From GM Dow Jones Newswires -- November 6, 1998 NEW YORK (Dow Jones)--Alstom SA's (ALS) locomotive and transit car manufacturing unit received a multimillion-dollar contract from General Motors Corp.'s (GM) EMD unit to assemble, paint and test 35 new SD 75I locomotives by mid-1999. Specific financial terms weren't disclosed. In a press release Friday, Alstom said components for the locomotives will be supplied by EMD manufacturing facilities in LaGrange, Ill., and London, Ontario. The company said upon completion, the locomotives will be put into service by the Canadian National Railroad. Alstom supplies components, systems and services for the power generation, power transmission and distribution, industrial and marine infrastructure markets.

To: bertrand bidaud who wrote (182)	11/6/1998 12:46:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 3891

Bertrand, I cut this out of one of todays repetitive press releases on the class action suit... If you are a member of the Class described above, you may, no later than November 17, 1998, move the Court to serve as lead plaintiff of the Class... If this serves as any indication, this may be resolved this year? sf sf