Lucent Technologies () is a company composed of what was formerly AT&T Technologies, which included Western Electric and Bell Labs. It was spun-off from AT&T on September 30, 1996. On April 2, 2006, Lucent announced a merger with its French competitor, Alcatel. The combined company will have revenues of approximately $25 billion U.S. based on 2005 calendar results. *
One of the primary reasons AT&T chose to spin off its equipment manufacturing business was to permit it to profit from sales to competing telecommunications providers; these customers had previously shown reluctance at purchasing from a direct competitor. Bell Labs brought prestige to the new company, as well as the revenue from thousands of patents.
At the time of its spinoff, Lucent was placed under the leadership of Henry Schacht, who was brought in to oversee its transition from an arm of AT&T into an independent corporation. Richard McGinn succeeded Schacht as CEO in 1997. Lucent became a "darling" stock of the investment community in the late 1990s, rising from a split adjusted spin-off price of $7.56/share to a high of $84. However, on January 6, 2000, Lucent announced the first of a string of announcements that it had missed its quarterly estimates, and when it was later revealed that it had used dubious accounting and sales practices to generate some of its earlier quarterly numbers, Lucent fell from grace. By October, 2002, when its stock price bottomed at 55 cents per share, Henry Schacht had been brought back on an interim basis to replace McGinn.*
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Lucent Technologies - Google News ADRs in Focus: Alcatel-Lucent rises - Forbes Tue, 13 May 2008 19:31:27 -0000
ADRs in Focus: Alcatel-Lucent risesForbes, NY - 19 hours ago... Notter said he is concerned that there are still risks and potential problems left in the combination of Alcatel and the former Lucent Technologies. ...
Opinion: It's not your father's wireless anymore - Computerworld Tue, 13 May 2008 15:43:17 -0000
Opinion: It's not your father's wireless anymoreComputerworld, MA - 22 hours agoAlcatel Lucent says that 58% of mobile-equipped enterprise employees are using smartphones. Outside the workforce, the trend is even more noteworthy --74% ...T-Mobile Launches the World's Most Modern GSM/EDGE Network TMCnetall 26 news articles
Alcatel-Lucent signs agreement to collaborate with NTT's Photonics ... - Forbes Wed, 14 May 2008 11:38:17 -0000
Alcatel-Lucent signs agreement to collaborate with NTT's Photonics ...Forbes, NY - 3 hours ago... with the Nippon Telegraph and Telephone Group for work on optical packet switching technologies. The agreement was signed between Alcatel-Lucent (nyse: ...
Alcatel-Lucent wins expansion contract from Globacom - Telecom Paper (subscription) Wed, 14 May 2008 11:04:28 -0000
Alcatel-Lucent wins expansion contract from GlobacomTelecom Paper (subscription), Netherlands - 3 hours agoThe project will increase mobile network capacity (including GSM/EDGE and W-CDMA/HSPA technologies) to support up to 35 million subscribers, and raise fixed ...
ALCATEL-LUCENT : Alcatel-Lucent Bell Labs and NTT Photonics Labs ... - Euronext (persbericht) Wed, 14 May 2008 10:06:21 -0000
ALCATEL-LUCENT : Alcatel-Lucent Bell Labs and NTT Photonics Labs ...Euronext (persbericht), Netherlands - 4 hours ago... a collaborative agreement focusing on optical packet switching technologies. The collaborative agreement was signed yesterday between Alcatel-Lucent's ...Alcatel-Lucent Bell Labs and NTT Photonics Labs Sign Collaborative ... TMC Netall 16 news articles
Reliance Communications and Alcatel-Lucent Form Global Joint ... - FOXBusiness Mon, 12 May 2008 20:48:43 -0000
Reliance Communications and Alcatel-Lucent Form Global Joint ...FOXBusiness - May 12, 2008As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions ...
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