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

To: Steve Fancy who wrote (522)	3/11/1999 3:08:00 AM
From: bertrand bidaud	Respond to of 3891

From Bloomberg 3/11 Alcatel 1998 Increases Dividend 14% to 2.0 Euros a Share Alcatel 1998 Increases Dividend 14% to 2.0 Euros a Share Paris, March 11 (Bloomberg) -- Alcatel SA, Europe's No. 2 phone-equipment maker, said it will pay a net dividend of 2.0 euros ($2.18) a share for 1998, a 14 percent increase over the previous year. Alcatel also confirmed net income last year gained to 2.34 billion euros, or 13.16 euros per fully diluted share, from 711 million or 4.44 the year before, helped by demand for its high- speed data and submarine networks. Profit from operations rose 11 percent to 997 million euros. That's in line with Alcatel's preliminary figure of 1.0 billion euros reported Jan. 28. Alcatel pushed into the fast-growing market for Internet equipment last week with two purchases of U.S. technology companies totaling $2.35 billion. Now, it must work quickly to digest its acquisitions and turn around its unit for mobile infrastructure to drive future growth, analysts said. The company said today that its sees its margins from telecommunications activities improving ''significantly'' from 2000. ''Strategically, they've improved their position quite significantly,'' said Peter Knox, an analyst at Commerzbank Global Equities in London. The company took restructuring charges of 406 million euros last year, compared with 50 million the year before. Revenue rose to 21.26 billion euros from 20.06 billion. Serge Tchuruk, Alcatel's chief executive, is trying to win back investor confidence after his warning in September that the company would miss 1998 profit forecasts drove its stock down 38 percent in one day. The shares gained 24 percent in four days amid last week's acquisitions. Alcatel offered $2 billion, or $37 a share, for the data- networking company Xylan Corp., based in Calabasas, California. It followed that with a $350 million offer for closely held, Milpitas, California-based Assured Access Technology Inc. for $350 million in cash. Alcatel shares fell 0.34 percent, or 0.4 euro, to 115.6 yesterday.

To: Steve Fancy who wrote (522)	3/11/1999 3:17:00 AM
From: bertrand bidaud	Respond to of 3891

From Bloomber: from last year Annual report, value of Framatome stake would be 3 Billions FF or 500 millionsUSD 3/11 Alcatel Has French Government OK to Leave Framatone, Paper Says Paris, March 11 (Bloomberg) -- Alcatel SA, Europe's No. 2 phone-equipment maker, can dispose of its 44 percent holding in Framatone, the nuclear construction and connectors company, after the French government gave its approval, the Financial Times reported, citing Serge Tchuruk, Alcatel's chairman. The government has said ''yes,'' Tchuruk said, although details have not been decided, the newspaper reported. Thomson CSF, the defense company in which Alcatel has a 16 percent stake, will be free to form an alliance with an American company, Tchuruk said, noting that an increased stake in Thomson is more meaningful than maintaining a stake in Framatone, the newspaper reported. Alcatel last week pushed into the fast-growing market for Internet equipment with two purchases of U.S. technology companies totaling $2.35 billion. (FT 3/11 27 www.ft.com)

To: Steve Fancy who wrote (522)	3/11/1999 3:39:00 AM
From: bertrand bidaud	Respond to of 3891

Steve, At first look, I find exactly same results as announced in january. Regarding the issue you raise in a previous message: Regarding the number of shares, they mention a number of: 178.2 million fully diluted shares Last year, the total number was 171 million according to last year annual report (p 57) But the web site gives different number, of 183 millions ! Both supposed to be at Dec 1997. I certainly miss something Another thing I discover if that they move to announce quaterly results 'immediately'. April 29: First Quarter Sales and Orders June 10: Annual shareholders' Meeting Paris July 29: Second Quarter Sales and Orders September 9: First Half Results Announcement, analyst Meetings November 10: Third Quarter Results Announcement