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As a result of the failed joint venture, Philips announced the closure of one-quarter of the company's 230 factories worldwide, [24] and Lucent closed down its wireless handset portion of the venture. [21] Analysts suggested that the joint venture's failure was due to a combination of technology and management problems. [21]
The Telecoms crash, also known as the Telecommunications Bubble was a stock market crash that occurred in 2001, after the bursting of the dot-com bubble.. The telecommunications industry had experienced significant growth and investment during the 1990s, fueled by the expansion of the internet and the introduction of wireless technology.
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]
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares ...
While Fools should generally take the opinion of Wall Street with a grain of salt, it's not a bad idea to take a closer look at particularly stock-shaking upgrades and downgrades -- just in case ...
In September, Nokia considered acquiring Alcatel-Lucent's wireless division as part of its strategic restructuring, in light of the acquisition of its devices and services unit by Microsoft . By ...
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 ...
If you know the important things that a company achieved, as well as any challenges it failed to overcome, then you can make a Why Alcatel-Lucent Left Shareholders Disconnected in 2012 Skip to ...