Who is the parent company of Lucent Technologies?
Lucent Technologies, Inc., was an American multinational telecommunications equipment company headquartered in Murray Hill, New Jersey, in the United States. It was established on September 30, 1996, through the divestiture of the former AT Technologies business unit of AT Corporation , which included Western Electric and Bell Labs .
When did Lucent Technologies acquire Octel Communications Corporation?
In 1997, Lucent acquired Milpitas-based voicemail market leader Octel Communications Corporation for $2.1 billion, a move which immediately rendered the Business Systems Group profitable.
What does the Lucent innovation ring stand for?
The Lucent logo, the Innovation Ring, was designed by Landor Associates, a prominent San Francisco-based branding consultancy. One source inside Lucent says that the logo is a Zen Buddhist symbol for “eternal truth”, the Enso, turned 90 degrees and modified.
How many employees did Lucent have at its peak?
Lucent was reduced to 30,500 employees, down from about 165,000 employees at its zenith. The layoffs of so many experienced employees meant that the company was in a weakened position and unable to reestablish itself when the market recovered in 2003.
When was Alcatel Lucent acquired by Lucent Technologies?
For the company following its acquisition by Alcatel SA in 2006, see Alcatel-Lucent. Lucent Technologies, Inc., was an American multinational telecommunications equipment company headquartered in Murray Hill, New Jersey, in the United States.
What was the original purpose of Lucent Technologies?
Lucent’s origins were anything but dramatic. The former manufacturing arm of AT, it variously supplied switches and phone systems to Ma Bell, her former customers, and her offspring, the Baby Bells. It would be hard to imagine a less glamorous role than that of foot servant to a utility – and a regulated utility at that.
What was Lucent stock at the height of the telecom bubble?
At the height of the great telecom bubble, Lisa Endlich reminds us, Lucent Technologies’ stock was “as good as currency.” Arguably, it was better than that: Lucent stock could buy whatever the company wanted. Its executives pretended that the business was growing in predictable quarterly intervals – and its investors bought the lie.