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Lucent Technologies, Inc. was an American ... 2001 with Lucent's stock at $9.06 whereas ... other 360 employees would mostly transfer to Lucent's ...
Agere was incorporated on August 1, 2000, as a subsidiary of Lucent Technologies and then spun off on June 1, 2002. The name Agere was that of a Texas-based electronics company that Lucent had acquired in 2000, although the pronunciations of the company names are different.
In 2014, the Alcatel-Lucent group split into two: Alcatel-Lucent Enterprise, providing enterprise communication services, and Alcatel-Lucent, selling to communications operators. The enterprise business was sold to China Huaxin Post and Telecom Technologies in the same year, [ 1 ] and in 2016 Nokia acquired the remainder of Alcatel-Lucent.
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The transaction was a merger under the pooling of interest rules of that era resulting in a stock swap with the Lucent stock negotiable after thirty days. The first year Kenan Systems remained completely independent. While continuing to direct Kenan Systems as its President he was also made a VP of Technology at Bell Labs.
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The server business was sold off to private equity investors within months, following the Lucent deal. It now operates as Stratus Technologies. The company was acquired by Lucent Technologies in 1999. [6] The $24 billion merger was the largest technology merger in history up to that time. [7] Ascend's stock traded under the Nasdaq symbol ASND.
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