Home > Boards > US Listed > Telecommunications Hardware >

Lucent (LU)

LU RSS Feed
Add LU Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 11/6/2020 6:23:36 PM - Followers: 27 - Board type: Free - Posts Today: 0

On Feb. 14, 1876 Elisha Gray lost his race to invent the telephone; Alexander Graham Bell put in a patent application just hours before Gray filed one. Gray, however, had already left his mark on telephony when, in 1869, he and Enos N. Barton formed Gray and Barton, a small manufacturing firm based in Cleveland, Ohio. Three years later, the then Chicago-based firm was renamed the Western Electric Manufacturing Company. By 1880, it was the largest electrical manufacturing company in the United States, noted for its production of a variety of electrical equipment, including the world's first commercial typewriters, telegraph equipment and Thomas A. Edison's electric pen. A year later in 1881, when the growth of the telephone network was outstripping the capacity of smaller suppliers, American Bell purchased a controlling interest in Western Electric and made it the exclusive developer and manufacturer of equipment for the Bell telephone companies. Innovations In 1907, Theodore N. Vail combined the AT&T (formerly American Bell) and Western Electric engineering departments into a single organization that, in 1925, would become Bell Telephone Laboratories. In the course of its ongoing research, Bell Telephone Laboratories made several discoveries that would touch the lives of millions in years to come. For example, Bell Labs developed the first commercially viable system for adding sound to motion pictures. Combined with studio and theater equipment manufactured by Western Electric, this system moved Hollywood quickly from silence to sound. In April 1927, the first long-distance television transmission -- from Washington, D.C. to New York City -- was another notable first for Bell Labs. Ten years later, in one of its most memorable moments, Dr. Clinton J. Davisson became the first of 11 Nobel Prize winners from Bell Laboratories for his experimental confirmation of the wave nature of electrons. After playing a critical role in providing communications and command equipment for the U.S. military during World War II, Western Electric was able to direct its efforts toward filling the pent-up demand for telephones. In 1946, it produced a record 4 million telephones. Bell Labs directed its research in new areas as well. Three of its scientists received the Nobel Prize for their invention of the transistor in 1947. Bell Labs moved on from there to develop distinguished "firsts" in communications that include the laser, Telstar satellites, electronic switching, UNIX operating system and packet data switching. Regulation and separation In 1956, AT&T signed a consent decree to settle a 1949 antitrust suit brought by the U.S. Department of Justice. The decree limited Western Electric to manufacturing equipment for the Bell System and contract work for the government, so Western quickly sold its small non-telephone subsidiary Westrex to Litton Industries and its holdings in Northern Electric (now known as Nortel Networks) to the public. In 1979 and 1980, the FCC conducted Computer Inquiry I and II, which restricted Western Electric from selling enhanced services, except through a fully separated AT&T subsidiary. That subsidiary, American Bell (later called AT&T Information Systems), began operations on Jan. 1, 1983. In the meantime, AT&T and the Justice Department settled a 1974 antitrust suit, with a modification of final judgment (MFJ) to the 1956 consent decree. AT&T agreed to divest its local telephone companies effective Jan. 1, 1984, and in turn was freed from other 1956 restrictions. As part of divestiture, Western Electric's charter was assumed by a new unit, AT&T Technologies. AT&T Technologies had separate market-focused business units to manufacture and sell consumer products, network systems, technology systems, and information systems. Globalization AT&T Technologies broadened its focus to address the global communications revolution. Before divestiture -- in the late 1970's -- Western Electric formed Western Electric International to undertake projects and joint ventures in Korea, Saudi Arabia, and Iran. Throughout the 1980s, AT&T continued to pursue global markets through direct sales and joint ventures including AT&T Network Systems International, Goldstar Semiconductor, AT&T Taiwan, AT&T Microelectronica de Espana, Lycom, AT&T Ricoh, and AT&T Network Systems Espana. In 1989, AT&T Technologies branched into several business units, including AT&T Network Systems, AT&T Global Business Communications Systems, AT&T Microelectronics, and AT&T Consumer Products, which would all later combine with Bell Labs to become the original Lucent Technologies. During the 1990s, these business units continued to grow their market leadership in the U.S. and exhibited double-digit growth internationally. Complexities in the marketplace and within AT&T, however, led to a decision in 1995 to totally restructure the communications giant. In September 1995, AT&T proposed forming three separate, publicly traded companies to serve the increasingly divergent business needs of its customers. In February 1996, the soon-to-be-spun-off systems and technology unit of AT&T renamed itself Lucent Technologies and launched its separation with an initial public offering of stock issued in April 1996. The spin-off was completed in September 1996 when AT&T distributed its shares of Lucent to AT&T shareholders. At its launch, Lucent was a major player in mobility, optical, data and voice networking technologies; Web-based enterprise solutions that link public and private networks; communications software; professional network design and consulting services; and communications semiconductors and optoelectronics. From 1996 to 2001, the company completed 38 acquisitions totaling more than $46 billion, including a $24 billion purchase of Ascend Communications, which made Lucent the leading provider of data networking equipment for service providers. The company spun off its enterprise networking group on Sept. 30, 2000, distributing shares of the new company - Avaya Inc. - to Lucent shareholders. On April 2, 2001, Agere Sytems, Lucent's microelectronics business, completed an initial public offering. Lucent continues to move forward with its intention to separate Agere as a fully independent company from Lucent. In 2001, Lucent repositioned itself to focus on the world's largest communications service providers and streamlined its portfolio to deliver products and services for the next generation of wireline and wireless networks. Its research and development arm has remained one of the world's most prolific invention factories with more than 40,000 inventions since 1925. Work under way at Bell Labs is re-defining what is possible in communications with announcements of the first all-optical switch, software that makes Web content accessible by telephone, and a record for the fastest transmission of data over fiber. Copyright © 2002 Lucent Technologies. All rights reserved. * http://www.lucent.com/corpinfo/history.html
LU
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
LU News: Lufax Reports Third Quarter 2020 Unaudited Financial Results 12/01/2020 04:30:00 PM
LU News: Lufax to Announce Third Quarter 2020 Financial Results on December 1, 2020 11/26/2020 07:00:00 AM
LU News: Lufax Holding Ltd Provides Updates Regarding Recent Regulatory Development 11/03/2020 07:30:00 AM
LU News: Lufax Holding Ltd Announces Pricing of Initial Public Offering 10/30/2020 06:46:00 AM
PostSubject
#176   * * $LU Video Chart 11-06-2020 * * ClayTrader 11/06/20 06:23:36 PM
#175   WHEN r we moving up north? mlkrborn 05/18/07 03:30:48 PM
#174   Yea, that's old news. The Alcatel merger IL Padrino 08/19/06 07:50:59 AM
#173   looks like lucent is pushing north...i looked around CashCowMoo 08/19/06 12:10:10 AM
#172   The merger complete, plenty of great news and IL Padrino 04/14/06 03:23:50 AM
#171   Yes, but that's what they're talking about in IL Padrino 03/31/06 07:54:46 PM
#170   Did I read that correctly, Russo stays on? Jck 03/31/06 07:15:11 PM
#169   Thanks for the info. Phil(Hot Rod Chevy) 03/31/06 07:06:52 PM
#168   Merger. LU holders will get 35-40% of the IL Padrino 03/31/06 07:04:08 PM
#167   Is it a merger or a buyout? Phil(Hot Rod Chevy) 03/31/06 06:33:42 PM
#166   I think our patience might have paid off IL Padrino 03/31/06 08:12:21 AM
#165   Anything new here on LU...I added a few RJ Trotts 02/24/06 05:12:59 PM
#164   Don't forget to WAG.!!! Phil(Hot Rod Chevy) 02/11/06 12:05:14 PM
#163   Hey look at my blog i analyzed Lucent stutzequityres 02/06/06 06:39:12 PM
#162   Fair value of LU is $1.34 mystocks 02/05/06 05:18:22 PM
#161   Yes I did. Phil(Hot Rod Chevy) 02/04/06 11:51:31 PM
#160   Phil did u get Adams email? bigbrr 02/04/06 08:17:41 PM
#159   I didn't read far enough to find out Phil(Hot Rod Chevy) 01/11/06 04:51:14 PM
#158   A reverse split can be OK if they fung_derf 01/11/06 10:05:39 AM
#157   It appears so at this time. Phil(Hot Rod Chevy) 01/10/06 09:09:49 PM
#156   So it's at their discretion, but no worse fung_derf 01/10/06 05:53:50 PM
#155   From the last filing: Phil(Hot Rod Chevy) 01/10/06 05:40:55 PM
#154   Anyone here know the reverse split ratio for fung_derf 01/09/06 01:32:27 PM
#153   oh, my bad CashMoneyMillions 12/09/05 05:30:52 PM
#152   I'm not going to delete your post because Phil(Hot Rod Chevy) 11/05/05 08:20:19 PM
#151   Altert out on PTHO today. Take a look. ProfitScout 11/04/05 10:07:17 AM
#150   Updated: 04:37 PM EST Gd2Aussie3 11/04/05 08:46:57 AM
#149   Profitscout~~Yes, I see PTHO as the next Microsoft. Resectorman 11/03/05 11:02:50 AM
#148   damn it, they need to get their head CashMoneyMillions 11/02/05 03:01:54 PM
#147   From 11/1/05 Updated: 06:14 AM EST Gd2Aussie3 11/02/05 07:44:52 AM
#146   This sent the stock South... Gd2Aussie3 11/02/05 07:40:33 AM
#145   PSI-TEC Attracts Seasoned Lucent/Bell Labs Modulator Expert Dr. ProfitScout 10/31/05 01:36:35 PM
#144   big disappoinment with the action today CashMoneyMillions 10/26/05 03:15:56 PM
#143   Sprint Nextel, Amazon, Boeing, Lucent Gd2Aussie3 10/25/05 09:39:27 PM
#142   Eye On Stocks Gd2Aussie3 10/25/05 09:35:53 PM
#141   Updated: 12:44 PM EDT Gd2Aussie3 10/25/05 09:31:33 PM
#140   Spotlight Shines on Lucent Gd2Aussie3 10/25/05 08:46:59 AM
#139   Updated: 04:55 AM EDT Gd2Aussie3 10/20/05 09:56:53 AM
#138   Updated: 10:11 AM EDT Gd2Aussie3 10/18/05 03:52:25 PM
#137   Updated: 08:02 AM EDT Gd2Aussie3 10/18/05 03:50:37 PM
#136   Updated: 07:26 AM EDT Gd2Aussie3 10/18/05 03:47:54 PM
#135   QLogic Global Services Selects Lucent Technologies as Strategic Gd2Aussie3 10/13/05 09:59:36 AM
#134   Market Scan Gd2Aussie3 10/10/05 09:51:02 PM
#133   NewsFinder MarketWatch RSS Feeds Gd2Aussie3 10/05/05 05:20:53 PM
#132   I agree with the may 2006 line for sure CashMoneyMillions 10/05/05 04:28:02 PM
#131   From: "The Street.com Before the Bell" Gd2Aussie3 10/05/05 09:39:44 AM
#130   Cash...You are right in the momentum play. LU Gd2Aussie3 10/05/05 01:43:08 AM
#129   Nice momentum the last couple of days. CashMoneyMillions 10/04/05 03:58:25 PM
#128   Updated: 09:38 AM EDT Gd2Aussie3 10/03/05 10:10:43 PM
#127   Updated: 03:05 AM EDT Gd2Aussie3 10/03/05 10:08:44 PM
PostSubject
Consent Preferences