July 10, 2001 |
Telecommunications equipment maker Alcatel said it would cut 2,500 more jobs in its U.S. operations and consolidate some of its facilities in response to an extended slowdown in spending by its phone and Internet company customers. The bulk of the layoffs will be at the French company's U.S. headquarters in Plano, Texas, and in Raleigh, N.C., said Brad Burns, senior vice president of communications for Alcatel Americas. About 10 employees will lose their jobs in Alcatel's Petaluma, Calif.
May 30, 2001 |
Lengthy merger talks between struggling Lucent Technologies Inc. and Paris-based Alcatel collapsed Tuesday after the two communications equipment makers couldn't agree on crucial matters such as who would control the combined firm. The abrupt end to the potential $22-billion to $25-billion deal came at the conclusion of intense negotiations in Paris that lasted through the long weekend.
May 29, 2001 |
French telecommunications equipment maker Alcatel continued negotiations over the weekend to buy floundering U.S. rival Lucent Technologies Inc. for about $32 billion and an agreement could be announced Wednesday, sources familiar with the situation said Monday. The two equipment manufacturers, who declined to comment, held negotiations throughout the long holiday weekend and worked to settle final details, sources said.
May 19, 2001 |
Rumors suggesting that French telecommunications equipment giant Alcatel may soon buy troubled U.S. equipment maker Lucent Technologies prompted investors to savage Alcatel's stock Friday, in a sign that the match is far from ideal, analysts said. "I don't think the shareholders would approve the deal. [Alcatel] is still profitable and showing growth," whereas Lucent is in deep trouble, said David Heger, an analyst with AG Edwards & Sons.
April 3, 2001 |
Electronic commerce software giant Ariba Inc. led a pack of at least a dozen other Internet companies in issuing profit warnings Monday, signaling that the long-awaited recovery of the tech sector may take longer to arrive than previously thought. Analysts hoping for a rebound in late summer or early fall said the uniformly poor results from the first three months of the year prompted them to push back those estimates to year-end.
November 14, 2000 |
Three tenants signed leases valued at more than $39 million for 410,000 square feet of office and industrial space at the Conejo Spectrum, a 100-acre business park under development by Los Angeles- based Investment Development Services at Rancho Conejo Boulevard and Lawrence Drive in Newbury Park.