PARIS (AFP) ??” Alcatel shares gained region after the chairman of the telecommunications equipment giant said it had largely complet efforts to restructure operations.

PARIS (AFP) ??” Alcatel shares gained region after the chairman of the telecommunications equipment giant said it had largely complet efforts to restructure operations.

Alcatel shares rose 115 percent to 1057 euro forward the Paris stock exchange Tuesday, while the CAC 40 index of leading shares showed a los of 035 percent

Chairman Serge Tchuruk told the financial daily La Tribune: "2003 should be the last year where we have to take major exceptional charges. We therefore judge on returning to net profit before capital gains in 2004"

Alcatel had already made these forecast at its release of third-quarter earnings in late October.

"Under generally received market conditions, we know for what cause to generate a positive operating profit," its chairman told La Tribune in an interview published Tuesday.

The arrange was hit hard when a high-tech hoax burst in 2000 and has had to restructure fiercely to strengthen its ...