Business & Finance Entrepreneurship-startup

Lucent Technologies History

    AT&T

    • Lucent Technologies started off as the equipment manufacturing part of AT&T Technologies, created in 1983. This manufacturing arm also included Bell Laboratories, founded in 1925.

    Alcatel

    • Alcatel has its roots in two telecommunications companies: Western Electric (1869) and La Compagnie Générale d'Electricité (1898).

    Lucent

    • In 1995, AT&T Techologies was renamed to Lucent Technologies, which it spun off into a separate company in 1996. Its first CEO was Henry Schacht and the company became profitable in 1997.

    Growth

    • Between 1997 and 1999 Lucent acquired over 30 companies, including Ascend Communications, a communications equipment manufacturer. Its stocks were widely held, and soared.

    Troubles

    • In 2000, Lucent fell into financial troubles due to poor performance and some reportedly questionable business practices ending up in a civil fraud case. It sold off its Consumer Products section and spun off its Business Systems section, followed by Microelectronics in 2002. Downsizing and stock devaluation followed.

    Merger

    • In 2006, Lucent merged with Alcatel in France to become Alcatel-Lucent, continuing its work in communications technology.

SHARE
RELATED POSTS on "Business & Finance"
How to Get a Business License in Sacramento
How to Get a Business License in Sacramento
Why You Should Form Your Company In Singapore
Why You Should Form Your Company In Singapore
You Need A Mentor
You Need A Mentor
Education Requirements for a Perfusionist
Education Requirements for a Perfusionist
Understanding The Value of Virtual Incubation In Business
Understanding The Value of Virtual Incubation In Business
How to Start a Real Estate Company
How to Start a Real Estate Company
Buy A Business This "Mainstream" Way And Watch Your Blood Pressure Fly Off The Charts
Buy A Business This "Mainstream" Way And Watch Your Blood Pressure Fly Off The Charts
How do I Get a Business License for Repossessions in Ohio?
How do I Get a Business License for Repossessions in Ohio?
Wholesale Baby Rattles, Booties and Blankets
Wholesale Baby Rattles, Booties and Blankets
How to Create a Contact List of Clients
How to Create a Contact List of Clients
Grants for Low Income Housing
Grants for Low Income Housing
This Economic Reform Seems Bad For Small Business
This Economic Reform Seems Bad For Small Business
How Will I Know If I Can Refile My Unemployment?
How Will I Know If I Can Refile My Unemployment?
Five Simple Steps to Start Your Own Business Now
Five Simple Steps to Start Your Own Business Now
Create your first opt in website. The affiliate business model explained
Create your first opt in website. The affiliate business model explained
How To Make A Living With Internet Marketing
How To Make A Living With Internet Marketing
Factors to Be Considered in Business Planning
Factors to Be Considered in Business Planning
What are the Requirements for an Assistant Surgeon?
What are the Requirements for an Assistant Surgeon?
Start selling other peoples product
Start selling other peoples product
Need Money to Start a Business? Some Suggestions
Need Money to Start a Business? Some Suggestions

Leave Your Reply

*