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.............................. Lucent Technologies
Logo and Trademark..............................
Lucent Technologies was a technology company composed of what was formerly AT&T Technologies, which included Western Electric and Bell Labs. It was spun-off from AT&T on September 30, 1996. Lucent merged with Alcatel SA of France, to form Alcatel-Lucent on December 1st, 2006.
Alcatel-Lucent is a French company that provides hardware, software, and services to telecommunications service providers and enterprises all over the globe. The company is incorporated in France, and has its global executive offices in Paris. The company does business in 132 countries, with almost equal sales distribution coming from both its European and North American regions, and an additional third of its channel located elsewhere in the world. Alcatel-Lucent was formed after Alcatel's buyout of Lucent Technologies on December 1, 2006.
In 1999, Lucent acquired Ascend Communications, an Alameda, California-based manufacturer of communications equipment for US$24 billon. Lucent held discussions to acquire Juniper Networks but decided instead to build its own routers internally. In April of 2000, Lucent sold its Consumer Products unit to VTech & Consumer Phone Services. In October of 2000, Lucent spun-off its Business Systems arm into Avaya, Inc., and in June, 2002, it spun off its microelectronics division into Agere Systems.
In 2002, Lucent began making significant cuts to the health care and retirement benefits of many of its 125,000 retirees. Although Lucent contends these and future cuts are necessary for its survival, they have nevertheless spawned several lawsuits and generated a continuing flow of negative publicity in the news media.
Today, Lucent has 30,500 employees, down from about 165,000 employees at its zenith. Lucent is active in the areas of telephone switching, optical, data and wireless networking. Patricia Russo currently heads the company, succeeding Schacht who remains on the Board of Directors. On April 2, 2006, Lucent announced a merger agreement with Alcatel, which is 1.5 times the size of Lucent. Ms. Russo will lead the combined company, Alcatel-Lucent.
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