Saturday, September 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Offers iPhone Users 30 GB of Free Storage
New Tizen Device Coming in India
Samsung Launches My Knox App For Latest Mobile Device
Android L To Support Encryption By Default
Microsoft Outlines Basic Elements Of Direct3D 12
New GeForce WHQL Driver Released
Panasonic and Leica Expand Partnership Agreement
Acer Brings 4K2K Displays With NVIDIA G-SYNC to The US
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 Home > News > General Computing > Alcatel...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, April 03, 2006
Alcatel to Buy Lucent for $13.4 bln


French communications-equipment maker Alcatel said on Sunday it would buy smaller U.S. rival Lucent Technologies Inc. for $13.4 billion to gain market heft and broaden its product mix.

Alcatel will control 60% of the new company and Lucent chief executive officer Patricia Russo will be CEO, the companies said yesterday.

Alcatel and Lucent, said about 10% of the combined workforce, or 8,800 jobs, will be eliminated to help achieve annual savings of 1.4 billion euros ($1.7 billion) within three years.



The two equipment makers, whose merger talks failed five years ago, agreed to combine after being unable to revive sales or their share prices since the technology bubble burst.

The new company will have annual sales of about $25 billion, less than half their combined revenue in 1999, big enough to surpass Ericsson AB, the No. 1 maker of wireless networks, and to challenge Cisco Systems, the largest maker of computer networking gear.

Combined, Alcatel and Lucent, the biggest U.S. maker of telephone equipment, have a market value of about $36 billion. The companies expect the transaction to be completed in six to 12 months.

The companies would also wield greater clout to negotiate prices with customers and enjoy a broader research and development base.


Previous
Next
The New Leica C-LUX 1        All News        Asus Launches DVD-RAM Burner
Windows Vista Capable PC Hardware Guidelines     General Computing News      Intel Launches 'Discover the PC' Initiative

Get RSS feed Easy Print E-Mail this Message

Related News
ALCATEL ONETOUCH Launches New Affordable Smartphones
Alcatel-Lucent Achieves 10Gbps Data Transmission Over Traditional Copper Telephone Lines
ALCATEL ONETOUCH POP FIT Is a Wearable Smartphone
ALCATEL and IriTech Bring Iris Recognition Function To Tablets
Alcatel-Lucent and BT Achieve 1.4Tb/s Fiber Speeds
Alcatel Idol X+ And POP C9 Smartphones Launch At CES
Alcatel-Lucent To support China Mobile' 4G Mobile Network
IFA: Alcatel OneTouch HERO Released With A 6-inch Display
Alcatel Signs Qualcomm Partnership
New Alcatel The ONE TOUCH FIRE And ZTE Open Smartphones Run On Mozilla Firefox OS
Ultra-slim ALCATEL ONE TOUCH Idol Ultra Smartphone, Unveiled At CES
Wi-Fi Goes Mobile With Alcatel-Lucent

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .