What did Lucent Technologies do?
Lucent Technologies will design and build public and private networks, communications systems and software, consumer and business telephone systems, and microelectronics components. The second arm of the old AT, the communications services company, will retain the AT name and logo.
Who bought Lucent Technologies?
Alcatel SA
Alcatel SA will acquire U.S.-based Lucent Technologies Inc. in a $13.4 billion (11.1 billion euros) stock swap to form a stronger player in the fiercely competitive telecom equipment market, the companies announced Sunday. About 8,800 jobs will be cut.
What went wrong with Lucent?
In a short ten years, Lucent crashed from being the profitable sole-source AT R&D subsidiary to a failing independent company. Employees were shed by the thousands, dropping from 106,000 to fewer than 35,000. Over 70,000 American jobs disappeared from the company.
Where did Lucent Technologies come from?
Lucent Technologies headquarters, Murray Hill, New Jersey. Lucent has roots reaching back to 1876, when inventors raced to build the first telephone. It started as American Bell, combined forces with Western Electric, and then finally became American Telephone & Telegraph (AT).
What happened to Lucent stocks?
Lucent Technologies merged with Alcatel to form Alcatel-Lucent on November 30, 2006. Former Lucent shareowners received 0.1952 of an Alcatel-Lucent American Depositary Share, or ADS, for each share of Lucent common stock that they owned. However, no fraction of an Alcatel-Lucent ADS was issued in the merger.
Is Alcatel-Lucent a Chinese company?
ALE International SAS, trading as Alcatel-Lucent Enterprise, is a French software company headquartered in Colombes, France, providing enterprise communication services. The privately-owned company with headquarters in France has over 2,900 direct business partners worldwide. …
What is the stock symbol for Lucent Technologies?
ALU
ALU Related stocks
| Symbol | 3M %Chg |
|---|---|
| ALU | -12.18% |
| Alcatel Lucent | |
| GLW | -11.41% |
| Corning Inc |
What did Lucent Technologies make?
Optical network: Lucent develops optical networks, which carry digitized voice or data at very high speed on multiple channels of light. Optical networks are used in Internet, video, and multimedia technology. For instance, cable television is now distributed to homes through optical networks.
What happened Lucent stock?
What happened to my Alcatel-Lucent stock?
What happened to my stock as a result of the merger with Alcatel? A. Lucent Technologies merged with Alcatel to form Alcatel-Lucent on November 30, 2006. Former Lucent shareowners received 0.1952 of an Alcatel-Lucent American Depositary Share, or ADS, for each share of Lucent common stock that they owned.
