Lucent - IT Hardware Parts Manufacturer
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Operating Segments: Telecommunications equipment
HQ: Murray Hill, New Jersey, United States
Partner: Alcatel SA
Lucent was developed in September, 1996, when AT&T deshelved its innovations unit. This department included Western Electric and Bell Labs. In 1997, Lucent procured Milpitas-based phone message market pioneer Octel Communications Corporation for $2.1 billion, empowering the Business Systems Group to be successful and permitting its stock to additionally improve. In 1999, the organization gained Ascend Communications for $24 billion. Lucent additionally collaborated with Royal Philips Electronics in a $2.5 billion endeavor under the name of Philips Consumer Communications. Toward the beginning of 2000, the internet dot com bubble crumbled, prompting a line of money related battles and falling stock costs. This was further aggravated by Lucent who had utilized questionable bookkeeping and deals practices to create its prior quarterly numbers, unveiling to the SEC that it had made a $125 million bookkeeping blunder in the second from last quarter of 2000. Bright kept on working until April 2, 2006, when it was at last converged with Alcatel to make Alcatel-Lucent.
Products, Services, and Platforms
Products May Include But Are Not Limited To
- Wireless Networks: This division included all the technology necessary to let wireless devices like cell phones and pagers to communicate with each other.
- Internet Service Provider: Lucent developed the infrastructure, the electronic systems, that allowed ISPs like Comcast and American Online to provide Internet access.
- Optical Networks: Lucent developed networks capable of carrying digitized voice and data on channels of light rather than electrical impulses, via cables of optic-fiber.
Bell Labs, Advanced American Telephones, Royal Philips Communications, etc.
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