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Alcatel-Lucent had it rough in 2012. Shares of the telecom equipment maker fell 18% even as the S&P 500 benchmark gained 14%. Heck, Lucent has a tough half-decade in the rear view mirror. Over the ...
The woes of Alcatel-Lucent S.A. (NYSE: ALU) are growing. A quarterly loss of more than $460 million if you adjust dollars for euros is one thing, but the company cannot get its growth back.
In October 2011, Alcatel-Lucent sold its Genesys call-centre services business unit to Permira, a private equity group, for $1.5 billion—the same amount that Lucent had paid for the business in 2000. Alcatel-Lucent needed funding for the Franco-American business, which made annual losses from 2007 to 2011. [17]
Alcatel-Lucent's tangible book value is -$2.93 billion, which obviously raises a yellow flag. By the way, I asked Heiserman about the tendency for some large cap blue chips ...
Lucent subsequently spun off units of its own in an attempt to restructure its struggling operations. [8] Avaya Inc. was spun off from Lucent as its own company in 2000 (Lucent merged with Alcatel SA in 2006, becoming Alcatel-Lucent, which was purchased in turn by Nokia in 2016). Avaya Inc. were listed on the NYSE using the symbol AV from 2000 ...
In 2002 Lucent re-purchased the plant from Celestica. Shortly in 2003, with 1,470 employees in R&D mostly left, Lucent decided to sell the plant. Merger in 2006 with Alcatel-Lucent. In October 2007, Alcatel-Lucent to cease productions and release 230 positions. [92] Alcatel-Lucent in 2009, had 700 employees in non-manufacturing activities. [93]
21 March 2006 - Lucent Technologies wins the auction for Riverstone Networks over rival Ericsson. The final price was $207 million; 18 April 2006 - Lucent Technologies are currently in the process of a merger of equals with Alcatel; 1 December 2006 - Lucent Technologies completed the process of a merger of equals with Alcatel.
It's certainly not a news flash that 2012 -- at least through its first three quarters -- has not been good for U.S.-French telecommunications equipment maker Alcatel-Lucent.Discouraging enough ...