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BUSINESS
May 4, 2000 | Bloomberg News
Lucent Technologies Inc., the largest maker of phone equipment, said it's selling a unit that provides equipment to supply power to communications networks, so it can focus on fiber optics and data networking, its main businesses. Lucent expects to begin discussions soon with potential buyers about the Power Systems business, which makes power supply, conversion and backup equipment.
ARTICLES BY DATE
BUSINESS
November 1, 2007 | From the Associated Press
Alcatel-Lucent, struggling since the deal that formed the company, disclosed plans Wednesday to slash an additional 4,000 jobs and shake up top management as the telecom equipment maker reported a third straight quarterly loss. Chief Executive Patricia Russo, under pressure to produce better results, said business levels were below expectations. Annual revenue probably will be nearly flat, the company said.
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BUSINESS
February 6, 1996 | From Associated Press
The biggest corporate spinoff got a name Monday: Lucent Technologies. AT&T Corp. chose the name for its $20-billion phone equipment and technology business and set the regulatory process in motion for that operation to become independent in about two months. In a late-afternoon filing with the Securities and Exchange Commission, Lucent provided no details about the number of shares to be sold or their estimated price.
BUSINESS
September 8, 2006 | From the Associated Press
Alcatel and Lucent Technologies Inc. overcame shareholder misgivings to win firm backing for their 8.4-billion euro ($10.7 billion) tie-up to create a global telecommunications equipment maker. The near-simultaneous votes in Paris and Wilmington, Del., gave the go-ahead for Alcatel's all-stock acquisition of Murray Hill, N.J.-based Lucent, scheduled for completion by the end of the year.
BUSINESS
April 28, 1998 | From Times Wire Services
Lucent Technologies Inc., jumping deeper into the fast-growing data-networking business, said Monday that it will pay nearly $1 billion in cash, or $35 a share, for Yurie Systems Inc., adding equipment that makes it easier to send data and video via the Internet. Lucent said the deal will result in an unspecified charge against earnings in the fiscal third quarter and slightly dilute earnings in the first full year of operations after the deal closes.
BUSINESS
June 26, 1999
* Lucent Technologies Inc. agreed to buy Nexabit Networks Inc. for about $900 million in stock, getting the switches it needs to send data along the Internet at high speeds. Lucent would issue about 14 million shares for Marlborough, Mass.-based Nexabit, a closely held developer of so-called terabit routers, which are faster than Cisco System's routers.
BUSINESS
October 13, 1998 | BARBARA MURPHY
ACT Networks in Camarillo has reached a manufacturing agreement with Lucent Technologies, under which Lucent will market certain items in ACT's NetPerformer Multi-Service Access product line under the Lucent brand. Financial terms of the agreement were not disclosed. The ACT NetPerformer line is designed to allow businesses to implement integrated voice and data networking services.
BUSINESS
May 22, 1997 | (Bloomberg News)
Lucent Technologies and U.S. Venture Partners said they formed a company that will make products to help people prove their identities and protect themselves from impersonators through electronic fingerprinting technology. Veridicom Inc.'s first commercial product will be a postage-stamp-size fingerprint sensor used to retrieve information, authorize purchases or enter restricted areas.
BUSINESS
December 13, 2000 | Reuters
Beaten-down Lucent Technologies rose $2 to $18.69 on Tuesday partly on rumors that wireless phone giant Nokia (NOK) may make a takeover bid. Nokia fell 56 cents to $49.94. Neither Lucent nor Nokia would comment. Lucent's market capitalization is $62 billion, so it would be a big fish to swallow even for Nokia, which has a market cap of $234 billion.
BUSINESS
September 8, 2006 | From the Associated Press
Alcatel and Lucent Technologies Inc. overcame shareholder misgivings to win firm backing for their 8.4-billion euro ($10.7 billion) tie-up to create a global telecommunications equipment maker. The near-simultaneous votes in Paris and Wilmington, Del., gave the go-ahead for Alcatel's all-stock acquisition of Murray Hill, N.J.-based Lucent, scheduled for completion by the end of the year.
BUSINESS
March 24, 2006 | From Bloomberg News
France's Alcatel, the world's biggest maker of broadband Internet equipment, and smaller rival Lucent Technologies Inc. said Thursday that they were in advanced talks to create a $33-billion merger of equals. An agreement would solidify Alcatel Chief Executive Serge Tchuruk's 10-year effort to turn around the company. Tchuruk is winning orders from companies including AT&T Inc. to build networks that carry Internet, phone calls and television.
BUSINESS
November 2, 2002 | From Reuters
Treasury Secretary Paul H. O'Neill is unaware of any probe by federal regulators into accounting at Lucent Technologies Inc. when he was on the audit committee of the telecom equipment maker, a spokeswoman for O'Neill said Friday. "Corporate misdeeds revealed during the last year led the secretary to be very vocal in calling for increased corporate disclosure and greater accountability for CEOs," the spokeswoman, Michele Davis, said.
BUSINESS
September 19, 2002 | JOSH FRIEDMAN, TIMES STAFF WRITER
A new wave of heavy selling is driving major technology and telecom stocks to multiyear lows, dashing hopes that the bottom finally has been reached in the sectors. On Wednesday, stocks including Lucent Technologies Inc., Nortel Networks Corp., EMC Corp. and Advanced Micro Devices Inc. fell to new lows in active trading, with former high-fliers Lucent and Nortel now fetching less than $1 a share. Others, including Intel Corp. and Sun Microsystems Inc.
BUSINESS
August 28, 2002 | Bloomberg News
Lucent Technologies Inc. Chief Executive Patricia Russo bought shares in the telephone-equipment maker for the first time since taking the job in January, adding to her stake as the stock traded near historical lows. Russo purchased 350,000 shares Aug. 16 for $497,000 to $500,500, at $1.42 or $1.43 a share, Lucent said, bringing her total to 713,400 shares. Chairman Henry Schacht, who preceded Russo as CEO, bought 1 million shares that day at $1.43 each, adding to the 3,700 he already owned.
OPINION
May 31, 2002
Re "Schools Challenge Mandatory Testing," May 29: Perhaps I just don't understand. When, according to the vice president of the L.A. Board of Education, testing reveals and identifies a lack of resources in schools, the corrective measure is to eliminate the testing? Does this mean that classroom tests should also be eliminated because some students do poorly on them? Isn't the purpose of testing to reveal and identify areas of weakness that can then be strengthened? Salem Spitz Cerritos The opponents of testing won't be satisfied until someone develops a test that everyone passes and scores above average on. Martin Mach Venice Re "Tailor Teaching to the Child," editorial, May 26: As a special education teacher and father of a special ed student, I inform The Times it's in special ed that struggling students receive the personalized attention for which you editorialize.
BUSINESS
August 17, 2001 | From Associated Press
Lucent Technologies Inc.'s banks agreed Thursday to amend their loan agreements with the troubled telecommunications giant, allowing the company to proceed with its restructuring effort--including massive new job cuts. The new loan covenants also will let Lucent complete its spinoff of Agere Systems, its semiconductor and optical-components division that it took public earlier this year. But the spinoff will take longer. Murray Hill, N.J.-based Lucent said its lenders, led by J.P.
BUSINESS
October 1, 1996 | JOHN O'DELL
Lucent Technologies, the former AT&T technology and phone systems business, becomes an independent company today and is opening a regional headquarters for Southwestern states in Irvine. The new office initially will house about 60 of Lucent's 200 Orange County employees. But the company already is hiring for a new regional data products sales center that will share the facility and add from 20 to 30 new workers to the payroll.
BUSINESS
May 30, 2001 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
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.
NEWS
May 4, 2001 | ERIC LICHTBLAU, TIMES STAFF WRITER
Two Lucent Technologies scientists in New Jersey and a partner were arrested Thursday on charges that they stole the company's software "jewels" and sold them to a Chinese state-owned telecommunications firm. The three men were allegedly hoping to turn their joint venture into a computer networking giant that would become "the Cisco of China," federal prosecutors said. San Jose-based Cisco Systems is a rival of Lucent's.
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