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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.
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 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 retained a 15% stake. [5] ALE International continued to use the Alcatel-Lucent brand name, now licensed from Nokia, which purchased Alcatel-Lucent in 2015. [6] [7] In 2016, Alcatel-Lucent was merged into Nokia Networks, while Alcatel-Lucent Enterprise continued as a separate company. [8] [9]
The software giant will acquire the mobile division of Finnish mobile-phone maker Nokia in a $7.2 billion blockbuster deal, set to close in early 2014 if all Winners and Losers In Microsoft's $7 ...
AT&T's gambit in exchange for its divestiture, AT&T Computer Systems, failed, and after spinning off its manufacturing operations (most notably Western Electric, which became Lucent, then Alcatel-Lucent, now Nokia) and other misguided acquisitions such as NCR and AT&T Broadband, it was left with only its core business with roots as AT&T Long ...
The long-awaited iPhone trade-in program is officially under way. Motley Fool analyst Joe Tenebruso believes that this program will have multiple benefits for Apple , including an accelerated ...