Alcatel Announces Successful Offering of Its Optronics Tracking Stock.Business Editors PARIS--(BUSINESS WIRE)--Oct. 20, 2000 Alcatel (Paris: CGEP CGEP Commonwealth Graduate Engineering Program (Virginia) CGEP Center for Gifted Education Policy :PA and NYSE NYSE See: New York Stock Exchange : ALA) announced today it has priced its offering of its Class O Optronics Division tracking shares. Alcatel sold 16,500,000 shares, at a price to the public of 85.00 per share ($71.95/ADS). The underwriters have a greenshoe option to subscribe an additional 2,475,000 class O shares to cover over-allotments. The offering was four times over-subscribed in difficult market conditions. The shares begin trading today in Paris on the Premier Marche under the symbol CGO CGO Cargo CGO Code Generation and Optimization CGO Cogeco Inc (stock symbol) CGO Zhengzhou, China (Airport Code) CGO Chief Globalization Officer CGO Company Grade Officer and in New York in the form of American Depositary Shares on the Nasdaq under the symbol ALAO ALAO Academic Library Association of Ohio ALAO Alabama Academy of Ophthalmology . The global coordinator and book-running lead manager of the offering is Morgan Stanley Dean Witter. Alcatel will use the net proceeds of the offering for general corporate purposes. Mr. Jean-Pierre Halbron, President and CFO See Chief Financial Officer. of Alcatel said, "Our Optronics tracking stock, the first of its kind in Europe to our knowledge, allows us to highlight the inherent value of our world-leading optical components activities. The success of this offering, in, quite frankly, difficult market conditions, validates our overall strategy to create shareholder value in the high growth telecom business." Copies of the prospectus relating to the offering may be obtained from : Morgan Stanley Dean Witter, 25, Cabot Square London E14. Alcatel 54, rue La Boetie 75 008 Paris About Alcatel Optronics Alcatel's Optronics Division designs, manufactures and sells high performance optical components, modules and integrated sub-systems for use in terrestrial and submarine optical telecommunications networks. Operating state-of-the-art manufacturing plants in North America and Europe, Alcatel's Optronics Division is a leading supplier of DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing lasers, photodetectors, optical amplifiers, high-speed interface modules and key passive devices such as arrayed waveguide waveguide, device that controls the propagation of an electromagnetic wave so that the wave is forced to follow a path defined by the physical structure of the guide. multiplexers and Fiber Bragg Grating A short length of optical fiber that filters out a particular wavelength. Periodically spaced zones in the fiber core are altered to have different refractive indexes slightly higher than the core. filters. It also has experience in integrating active and passive components and modules into sub-systems. The Optronics Division is part of Alcatel's Optics Group which comprises Alcatel's world-leading activities in optical networking, including submarine and terrestrial transmission systems, fiber optics and optical components. About Alcatel Alcatel builds next generation networks, delivering integrated end-to-end voice and data networking solutions to established and new carriers, as well as enterprises and consumers worldwide. With 120,000 employees and sales of 23 billion in 1999, Alcatel operates in more than 130 countries. |
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