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- As Lucent Technologies Inc. (NYSE: LU) finalizes its merger with Alcatel and its power center shifts to Paris, Lucent Technologies Inc. will, from Thursday, cease to exist.Lucent executives will likely argue that with Lucent CEO Patricia Russo taking the helm of the new company, Lucent isn't going away at all.
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Serge Tchuruk became non-executive chairman, and Russo served as CEO of the newly merged company, Alcatel-Lucent, until they were both forced to resign at the end of 2008. The merger failed to produce the expected synergies, and there were significant write-downs of Lucent's assets that Alcatel purchased.
Aug 20, 2020 · By 2008, however, Nortel was bankrupt, and Lucent was a sliver of its former self, having been sold off to Alcatel, a French company, which was later bought by Finland’s Nokia. What happened? How did America go from the world’s leader to not even an also-ran in the span of just two decades?
- Robert D. Atkinson
- 2020
Jul 7, 2003 · Aversano, once a high-up Lucent sales executive, had made headlines as a whistleblower who claimed she'd been fired for trying to stop the company from making misstatements about its prospects.
Lucent's first acquisition since becoming an independent company took place in September 1997, when the company acquired Octel Communications Corporation, a provider of voice, fax, and electronic messaging technologies, for $1.8 billion in stock.
Feb 1, 2005 · Carly Fiorina, Endlich says, “set the tone” among Lucent’s aggressive salespeople, but she left the company (to run Hewlett-Packard) in 1999, before Lucent’s sales practices got out of hand.
Nov 30, 2006 · Lucent executives will likely argue that with Lucent CEO Patricia Russo taking the helm of the new company, Lucent isn't going away at all.
Ben Verwaayen was appointed as chief executive officer in September 2008 after Alcatel-Lucent's first CEO, Patricia Russo, and first chairman, Serge Tchuruk, resigned. [14] In May 2009, Alcatel-Lucent's stake in Thales was acquired by Dassault Aviation. [15]
