Alcatel to Add Two New Buildings in Texas Telecom Corridor; Plans include 300,000 square feet new space to accommodate growth.Business & Technology Editors PLANO, Texas--(BUSINESS WIRE)--July 21, 2000 Alcatel (NYSE NYSE See: New York Stock Exchange : ALA) today announced it will break ground in the fourth quarter this year for a new 100,000 square-foot three-story office building here in response to the company's growing worldwide business. The company also has plans for an additional 200,000-square-foot six-story office building that could be occupied by early 2002. In total, the two campus additions will have space for 1,200 offices. When the two new buildings are completed, Alcatel's Plano campus will have more than 2,046,000 square feet of space. Alcatel currently employs 6,500 in the Dallas metroplex A metroplex is large metropolitan area containing several cities and their suburbs.[1] It is also sometimes used as an alternative to metropolis or megalopolis, which is a chain of continuous metropolitan areas. . Total cost of the new buildings will be more than $52 million, not including land. "These new facilities are intended to relieve space constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. and provide for future growth resulting from Alcatel's recognized leadership in supplying advanced telecommunication telecommunication Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. systems and services to its customers," said Krish Prabhu, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Alcatel. "The results of the efforts of our employees here in the Telecom Corridor benefit customers around the world." The two new buildings are part of a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. strategy developed to add up to ten new buildings on property Alcatel owns in Plano. The company anticipates adding buildings at the rate of one per year, with the flexibility to adjust the schedule in response to market demand for its products. 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 Euro 23 billion in 1999, Alcatel operates in more than 130 countries. Information about Alcatel is available on the Internet at http://www.alcatel.com. |
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