BULL INTENDS TO DOUBLE ITS PROFITABILITY BY 2002

The French information technology group, Bull, intends to achieve a profitability rate of at least 5% by 2000-2002, compared with the 2.5% it returned in 1997, according to its CEO, Guy de Panafieu, in an interview he gave to the French daily financial publication, Agefi. De Panafieu said the group is aiming for a growth strategy split half and half between services and information technology products. In 1997 Bull recorded a growth of 60% in net profits, to reach FF603 million on a turnover which grew 5% to FF24.614 billion. Mr de Panafieu said his aim was for the group to reach a turnover of FF40 billion within the next five years...