lucent technologies stock price

Who bought Lucent Technologies?

Who bought Lucent Technologies? PARIS — 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. Click to see full answer.

Who owns Lucent Technology?

Lucent, a Delaware corporation that provides communications systems and services, is a wholly-owned subsidiary of Alcatel-Lucent, a French company. Lucent has agreed, without admitting or denying the allegations in the complaint, to the entry of a permanent injunction and to pay $1.5 million in civil penalties.

How many times did Lucent Technologies stock split?

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 made 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 ...

Is Lucent stock worth anything?

XOM is valuable because you also get dividends. Lucent is basically worthless now, id just keep the certificate unless you need the $60. ATT you made $30 per share on the early ones and a bit less before, but you also get dividends.

What happened to Lucent Technologies 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.

What happened to Alcatel-Lucent shares?

Nokia Closes Acquisition Of Alcatel-Lucent Shares -- Nokia Shares Down More Than 3% Nokia ( NOK ), a communications and information technology company, said it has closed the acquisition of 107.8 million shares of Alcatel-Lucent (ALU).

Who bought Lucent Technologies?

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.

Does Alcatel-Lucent still exist?

The Alcatel-Lucent brand is abolished.

What is the stock symbol for Lucent Technologies?

Alcatel Lucent Teletas Telekomünikasyon A.S. (ALCTL.IS) Stock Price, News, Quote & History - Yahoo Finance.

When did Lucent Technologies spin off from AT&T?

April 1996When AT&T (T) spun off its systems and technology business in April 1996 under the moniker Lucent Technologies (LU), many analysts and investors were skeptical.

What does Lucent Technologies make?

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&T, the communications services company, will retain the AT&T name and logo.

Is Lucent Technologies still a company?

Today, Lucent remains one of the leading providers of telecommunications equipment throughout the world. And, with the help of its research and development arm, Bell Labs, it continues to develop equipment that transports voice and data in record speed.

Did AT&T buy Lucent?

Lucent was formed in 1995 in the wake of AT&T's restructuring. AT&T sold 17.6 percent of Lucent in an April 10, 1996 initial public offering. The $3 billion was the largest initial public offering in U.S. history.

Why did Lucent go out of business?

In a nutshell, what happened to Lucent was a result of: Corporate executive greed, incompetence, inexperience and ineffectiveness. Meritocracy becoming mediocrity. But there is lots of money to be made by Wall Street and Corporate Executives.

Who did Lucent merge with?

Alcatel of FranceAlcatel of France and Lucent Technologies said today that they had reached agreement on a $13.4 billion merger that would create a French-American maker of telecommunications equipment with revenue of $25 billion, 88,000 employees and phone company customers across the world.

What is Lucent Technologies stock symbol?

Lucent Technologies is a OTC stock, trading under the symbol LU-N on the undefined (undefined). It is usually referred to as null or LU-N

Is Lucent Technologies a buy or a sell?

In the last year, there was no coverage of Lucent Technologies published on Stockchase.

Is Lucent Technologies a good investment or a top pick?

Lucent Technologies was recommended as a Top Pick by null on null. Read the latest stock experts ratings for Lucent Technologies.

Why is Lucent Technologies stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should b...

Is Lucent Technologies worth watching?

In the last year 0 stock analysts on Stockchase covered Lucent Technologies. The stock is worth watching.

What is Lucent Technologies stock price?

On null, Lucent Technologies (LU-N) stock closed at a price of $undefined.

What are the issues with Nortel?

What is LU-N stock?

The issues that face this company and Nortel (N-T) is that they have never consolidated, but the companies they supply have. Their margins are being squeezed.

What does a high stock score mean for Lucent?

Lucent Technologies is a OTC stock, trading under the symbol LU-N on the ().

Is Nortel or Engineering more shallow?

Stockchase rating for Lucent Technologies is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Is Nortel slow to grow?

Engineering may be more shallower than Nortel but US investors are more comfortable with it. The whole electronic industry is rising so odds are the price will rise.

Where is Lucent Technologies located?

Like Nortel, it faces slow growth in the telecom industry. Faced with declining business in wire-line. People are moving to wireless and IP networks, voice over IP for example. Doing well in wireless but because of wireline, revenue growth is very slow. Trades at 2 X revenues which is pretty high historically.

What is the Lucent logo?

Lucent Technologies, Inc., was an American multinational telecommunications equipment company headquartered in Murray Hill, New Jersey , in the United States. It was established on September 30, 1996, through the divestiture of the former AT&T Technologies business unit of AT&T Corporation, which included Western Electric and Bell Labs.

What is Lucent active in?

The Lucent logo, the Innovation Ring, was designed by Landor Associates, a prominent San Francisco-based branding consultancy. One source inside Lucent says that the logo is a Zen Buddhist symbol for "eternal truth", the Enso, turned 90 degrees and modified.

Why did Lucent close its phone plant?

Lucent continued to be active in the areas of telephone switching, optical, data and wireless networking.

When did Lucent's bubble burst?

As a result of the failed joint venture, Philips announced the closure of one-quarter of the company's 230 factories worldwide, and Lucent closed down its wireless handset portion of the venture. Analysts suggested that the joint venture's failure was due to a combination of technology and management problems. Upon the end of the joint venture, PCC sent 5,000 employees back to Philips, many of which were laid off, and 8,400 employees back to Lucent.

What does "lucent" mean in Latin?

At the start of 2000, Lucent's "private bubble" burst, while competitors like Nortel Networks and Alcatel were still going strong; it would be many months before the rest of the telecom industry bubble collapsed. Previously Lucent had 14 straight quarters where it exceeded analysts' expectations, leading to high expectations for the 15th quarter, ending Dec. 31, 1999. On January 6, 2000, Lucent made the first of a string of announcements that it had missed its quarterly estimates, as CEO Rich McGinn grimly announced that Lucent had run into special problems during that quarter—including disruptions in its optical networking business—and reported flat revenues and a big drop in profits. That caused the stock to plunge by 28%, shaving $64 billion off of the company's market capitalization. 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. It was said that "Rich McGinn couldn't accept Lucent's fall from its early triumphs." He described himself once as imposing "audacious" goals on his managers, believing the stretch for performance would produce dream results. Henry Schacht defended the corporate culture that McGinn created and also noted that McGinn did not sell any Lucent shares while serving as CEO. In November 2000, the company disclosed to the Securities and Exchange Commission that it had a $125 million accounting error for the third quarter of 2000, and by December 2000 it reported it had overstated its revenues for its latest quarter by nearly $700 million. Although no wrongdoing was found on his part, McGinn was forced to resign as CEO and he was replaced by Schacht on an interim basis. Subsequently, its CFO, Deborah Hopkins, left the company in May 2001 with Lucent's stock at $9.06 whereas at the time she was hired it was at $46.82.

When did Lucent acquire Octel?

Name. Lucent advert for Inferno in IEEE Internet Computing, Volume 1, Number 2, March–April 1997. Lucent means "light-bearing" in Latin. The name was applied for in 1996 at the time of the split from AT&T. The name was widely criticised, as the logo was to be, both internally and externally.