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Alcatel-Lucent ADS (ALU) is dragging their feet on getting balance of stock
so far I am up 30 bucks since the swap deal --US
LUCENT dropped-down from the 30's and 40's
and then went sideways for over 10 years--this was a bad investment 4 me
Don't know...
but Nokia got a heck of a deal... since back when ALU was 6 that got valued at 9 for one new technology and I think that's what they're installing now (some subset of it, taking time to get to market letting competitors get in is bad for business)... I didn't realize back then that Alcatel has offices all over the US (one here in Amarillo), they're big...
has anyone ever collected fair mkt value of alcatel-lucent shares
since they were delisted
has anyone ever collected fair mkt value of alcatel-lucent shares
since they were delisted
That would be yes!
Fidelity said they can do whatever I wish to do with my shares, of course, for a substantial "fee" of some 60 or 70 dollars.... Otherwise, I can just wait(eternally), until ALU finalizes their proceedings.....
It's a long, long, long term holding situation, for me.
I believe I originally started many years ago, with equal share amounts, of AGERE A and B shares. About 2500 dollars total investment. Those two equities slowly "died", and were merged/bought by LSI. Then, I think, LSI was bought by Lucent, and then Lucent became Alcatel/Lucent. ALU then just dwindled downwards, charging me annually some sort of French "fee", for maintaining the shares.
Maybe I have the long term change of hands "history" wrong, but it reflects a sad story of long term holding, with a blindfold on.
So, my current held "value" of ALU shares, is about 450 dollars. Not worthy of Fidelity's expensive fee. I'll just have to wait and see if I get paid out "something", in the ordeal.....
You probably need to move them to a brokerage firm like Morgan Stanley that can sell them on the Paris exchange http://www.reuters.com/finance/stocks/overview?symbol=ALUA.PA .... says 3.24 Eur
or best yet to contact your brokerage firm for depository shares conversion????
http://www.reuters.com/article/idUSFWN16P00O?type=companyNews
Markets | Thu Mar 17, 2016 2:14am EDT Related: TECHNOLOGY
BRIEF-Nokia to issue maximum of 72.8 million new shares
Nokia Corporation :
* Resolves to issue new shares in a directed share issue to the Alcatel-Lucent depositary in exchange for Alcatel-Lucent shares
* Nokia would acquire all Alcatel-Lucent shares underlying remaining outstanding ADRs after termination of American depositary receipts ("ADR") program
* Settlement of purchase of Alcatel-Lucent shares from depositary is expected to take place during first half of may 2016 Source text for Eikon:
Further company coverage: (Gdynia Newsroom)
So. I didn't go for the trade-in, for nokia shares. Now, it is currently in a status of ZILCH, in my fidelity account.
I must wait(I guess), until they get off their asses, somewhere in France, and decide whether I get paid out, or what.
Talk about a poorly run company....
In the coming months..... Or in the coming years
I assume the price in chart now is in yen... Nokia's buyout offer taking over 70%...
We learn to crawl before we walk;
We learn to walk before we run;
We learn to run before we fly;
We learn to fly before we soar!
We learn to soar before we crash! LOL!!!
Me too. So, now what do we do? Or is the old ALU a total zero?
Nokia to move swiftly after taking control of Alcatel-Lucent (1/04/16)
Finland's Nokia said on Monday it has gained control of French counterpart Alcatel-Lucent following its 15.6-billion-euro ($17 billion) all-share offer and the two telecom equipment makers would start to combine their operations next week.
The Alcatel acquisition will put Nokia into a stronger position to compete with Sweden's Ericsson and China's Huawei in a market for telecom network gear where limited growth and tough competition are pressuring prices.
The French stock market authority said interim results from the offer showed Nokia would hold around 79 percent of Alcatel shares.
The offers in France and the United States will be reopened this month, and the final results will be published in February.
Nokia said it will move quickly to press on with integration ahead of the formal closure of the deal, expected during the first quarter.
"As of January 14, 2016, Nokia and Alcatel-Lucent will offer a combined end-to-end portfolio of the scope and scale to meet the needs of our global customers," Nokia Chief Executive Rajeev Suri said.
Shares in the company rose 0.6 percent by 1410 GMT on the Helsinki bourse which was down 2.1 percent.
The stock is still down about 10 percent since the announcement of the deal in April as investors have worried about the integration process and special terms negotiated by the French government.
But in October, Nokia brought forward the deal's 900 million euro cost-saving target by a year to 2018.
"They are well on track with this deal, it seems they have calculated the deal's 'margins of safety' rather carefully. Now, they can keep up a positive news flow," said Jukka Oksaharju, strategist at Nordnet brokerage.
The deal, set to become the biggest transaction in Finland's corporate history, follows a string of M&A moves that have restructured former mobile phone giant Nokia in recent years.
In 2013, it took control of its network business by buying out Siemens from a joint venture, and in 2014 it sold the ailing mobile phone business to Microsoft. Last year it also sold navigation business HERE. ($1 = 0.9184 euros)
http://www.reuters.com/article/us-nokia-alcatel-offer-idUSKBN0UI0JY20160104
Nokia announces that the offer period in its initial public exchange offer for Alcatel-Lucent securities has now closed (12/23/15)
ESPOO, Finland, Dec. 23, 2015 (GLOBE NEWSWIRE) -- The initial offer period in Nokia's public exchange offer (the "Offer") for Alcatel-Lucent securities in both France and the United States has now closed. Accordingly, holders of Alcatel-Lucent shares, American Depositary Shares ("ADSs") and OCEANEs may no longer tender into the Offer and may not withdraw Alcatel-Lucent shares, ADSs or OCEANEs that have already been tendered.
Nokia expects that the interim results of the initial public exchange offer will be published by the French stock market authority, Autorité des Marchés Financiers (the "AMF"), on January 4, 2016, with the final results to be published on January 5, 2016. Assuming that the Offer is successful, it will be reopened. The AMF will publish the timetable of the reopened Offer, which is expected to start on January 14, 2016 and close on February 3, 2016.
The completion of the Offer is subject to the voluntary minimum tender condition that the Alcatel-Lucent securities tendered into the Offer represent more than 50% of the shares of Alcatel-Lucent on a fully diluted basis upon the closing of the Offer. In accordance with the applicable rules and regulations of the AMF and the U.S. Securities and Exchange Commission, and if the mandatory minimum acceptance threshold set at more than 50% of the Alcatel-Lucent share capital or voting rights on a non-diluted basis (taking into account Alcatel-Lucent convertible bonds tendered into the exchange offer) is crossed, Nokia reserves the right to waive the voluntary minimum tender condition of the Offer. A decision regarding any waiver will be made by Nokia's Board of Directors should that situation arise.
About Nokia
By focusing on the human possibilities of technology, Nokia embraces the connected world to help people thrive. Our businesses are leaders in their respective fields: Nokia Networks provides broadband infrastructure, software and services; and Nokia Technologies provides advanced technology development and licensing. www.nokia.com
http://www.nasdaq.com/press-release/nokia-announces-that-the-offer-period-in-its-initial-public-exchange-offer-for-alcatellucent-20151223-00365
Buyout offer isn't that great
I thought it was only this high because of a 3.90+/share buyout offer... What's going to drive further rise in price?
Looks like it's ready to breakout, that's my bet
Slowly but surely it's been moving
Anything is better than the management of ALU overall... and Nokia's offer would be giant in networking... this is a move I thought Yahoo would make last year for ALU in their networking target. But this 10/28 letter says offer... when will it be a done deal?
There was a sell off today interesting
Alcatel keeps draining earnings made by Lucent so I doubt this company can ever go a whole year of positive EPS, since it has trouble doing 2 in a row.
Now, go figure this out, Alcatel buys-out Lucent dirt cheap then carries them through until they start making money so for at least 3 years now they drain profits for the Lucent they carried. Seems like an anti-income tax maneuver by $ALU to me, especially when a couple of years or so ago they were supposed to be worth 9/share on just on feature... which is what being used now under a different name everywhere (the black box item for large buildings for networking (Internet)). So I guess all this massive profits from network/router upgrades for faster Internet is just being buried by depreciation, write-downs, creative accounting to avoid income tax. If Alcatel had a brain, (oh they do in Bell Labs but that's not management), they would buyback shares slowly but surely below 3 for sure and sell again in double digits for financing when they needed it, instead of whatever they're doing with profits... I hate the corporate world of wasting our money on CEO salaries... they're not in close to being worth anything close to a million not matter how could they are. If they want to share in their success they should buy share of the company they are running like a normal person does, or resign and do something else. This stick it to shareholders has got to stop.
careful on the big chart ~ had a good climb already ..
ALU news at bell close yesterday ~ http://finance.yahoo.com/news/alcatel-lucent-bt-begin-largest-194507491.html;_ylt=AwrBTzdGIBxWrlcAdzNXNyoA;_ylu=X3oDMTByMDgyYjJiBGNvbG8DYmYxBHBvcwMyBHZ0aWQDBHNlYwNzYw--
http://finance.yahoo.com/q;_ylt=AwrBTzdGIBxWrlcAezNXNyoA;_ylu=X3oDMTByOHZyb21tBGNvbG8DYmYxBHBvcwMxBHZ0aWQDBHNlYwNzcg--?s=alu
They got Things heating up here, a slow and gradual heat
Luchent!!! Dive!!! If you complied with any NSA data requests your ass is grass!
Should have been upgraded a while ago lol
Analyst Actions: Alcatel Lucent Upgraded to Buy Rating at Deutsche Bank; Shares Rise 1.5% in Pre Market (9/21/15)
08:54 AM EDT, 09/21/2015 (MT Newswires) -- Alcatel Lucent ( ALU ) , a provider of Internet protocol (IP) and cloud networking and ultra-broadband access, has been upgraded by analysts at Deutsche Bank to a buy rating from a hold.
Price target information was not available.
ADRs of Alactel Lucent were up 1.4% to $3.57 in Monday's pre-market activity, moving within a 52-week trading range of $2.28 - $4.96.
Price: 3.57, Change: +0.05, Percent Change: +1.42
Are you buying now ?
IB_
At this rate, ALU might be worth more that NOK by the time the ink is dry !!
LoL LoL,
IB_
I buy on Monday 10,000 Share Go ALU Go! I love this game!
Bottom line NOK have positive earning bit estimated made more money and stock fall down what is the problem with investor got spooked by competitor and speculators negative comments? ALU investor got spooked even more by speculator that send s negative comments and when stock fall down speculator are buying then they will tell the truth and good staff about both company and make lot of money on stupidity of naïve and emotional investors.
If NOK is giving for every ALU share 0 .55% the price has to be paged because everybody agrees on the deal. By that calculation if NOK share are today at $7.49 ALU share have to be today $4.11 ($7.49 multiply by 0.55 = $4.11 why speculator holding ALU down? ALU have rating at Zack 2-Bay
I wonder if this will hold $5 a share by June...
Nokia Corporation: $17 Billion Acquisition of Alcatel Lucent SA Means Big Plans for the Internet of Things
By Leo Sun | More Articles
April 20, 2015 | Comments (0)
Nokia (NYSE: NOK ) recently acquired French rival Alcatel-Lucent (NYSE: ALU ) for €15.6 billion ($16.6 billion). The combined company will be the second largest telecom equipment company in the world with a market share of 35%. Ericsson is the current leader with 40% of the market, while Chinese networking giant Huawei holds a 20% share, according to Bernstein Research.
Source: Pixabay
The deal will give Nokia better exposure to the North American market, since AT&T and Verizon both hold major contracts with Alcatel-Lucent. Nokia also gains its optical transmission and Internet routers, which help telecom operators handle high volume traffic. Nokia expects the acquisition to cut operating costs by €900 million ($969 million) by 2019.
The deal could also help Nokia profit from the growth of the Internet of Things, or IoT, and future upgrades to 5G connections. Let's look at how these two growing markets fit into the company's long-term strategy.
Old Nokia vs. new Nokia
After Nokia sold its handset division to Microsoft last year, it agreed to not launch any new smartphones until 2016. Meanwhile, its telecom equipment business, Nokia Networks, took center stage.
At the end of fiscal 2013, Nokia Networks was in bad shape. Revenue fell 18% year-over-year, though operating profit rose 39%. By the end of 2014, the situation had stabilized. Revenue only slipped 1% annually as operating profit rose 25%. Mobile broadband revenue, which comes from sales of telecom equipment for cellular connections, increased 13%, thanks to robust demand for LTE upgrades.
Yet the LTE penetration rate remains low across the world. Last year, the North American market had the highest LTE penetration rate at 36%, according to 4G Americas. Western Europe and Asia have respective penetration rates of just 8% and 3%. As more countries upgrade their 3G networks to LTE, Nokia broadband revenue will improve. Those foundations will help Nokia profit from eventual upgrades to 5G connections, which are expected to happen by around 2020.
The Internet of Things in 2020
That is expected to be a particularly big year for the IoT market. Cisco forecasts the number of connected devices will double from 25 billion in 2015 to 50 billion in 2020. Research firm IDC expects the value of the IoT market to soar from $1.9 trillion in 2013 to $7.1 trillion by 2020. Google believes driverless cars will hit the streets by 2020.
In a prepared statement, Nokia CEO Rajeev Suri said Nokia and Alcatel-Lucent have "hugely complementary technologies and the comprehensive portfolio necessary to enable the Internet of Things and transition to the cloud."
For that transition to go smoothly, Nokia needs to accelerate its research and development of 5G and "small cell" technologies. The upcoming merger will bring together Alcatel-Lucent's Bell Labs and Nokia's FutureWorks, two innovation centers that are researching 5G technology, sensors, cloud services, and other technologies. In France, Nokia will establish a €100 million ($108 million) investment fund for start-ups focused on IoT technologies. Nokia also plans to hire "several hundred" new employees to work in its research and development department on IoT and other "future technologies."
Potential pitfalls
Combining Nokia and Alcatel-Lucent's telecom equipment businesses seems like a solid long-term investment in the Internet of Things, but investors should be aware of some potential pitfalls.
First, Chinese rivals such as Huawei and ZTE are also eyeing the IoT market. In addition to telecom equipment, both companies have a growing presence in machine-to-machine 2G, 3G, and 4G LTE modules. If Huawei and ZTE start using bundling strategies to gain market share, Nokia could face significant pricing pressure. Second, Nokia and Alcatel might need to eliminate redundancies in areas such as mobile broadband and small cells, which could increase restructuring costs.
Lastly, Nokia's long-term goals are unclear. Although the company is now mainly focused on expanding its telecom equipment business, it is also clinging to the hope that it can reenter the smartphone and tablet markets. Last October, Suri hinted that Nokia will manufacture its own smartphones again in 2016. Nokia also licensed its brand to Foxconn for the N1 tablet that launched in China earlier this year. It might be tough to juggle all those plans with its telecom equipment and IoT efforts.
A win-win situation . . . for now
The Alcatel-Lucent acquisition is a logical move. Nokia diversifies its portfolio between fixed and mobile telecom equipment, gains a better foothold in North America, and shores up its defenses against rising threats such as Huawei. Meanwhile, the true long-term value of the partnership will be realized over the next few years as the IoT market matures.
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Echo20
Valley View
This is exactly how this was printed on Yahoo.
#1
As structured, for the merger to make sense, Nokia will need to capitalize on Alcatel's assets to build a vertically integrated business that can offer clients everything from infrastructure-related hardware to installation and ongoing servicing and management capabilities. If clients really want a turnkey operation, then Nokia's strategy could end up working well. But Nokia will also have a financial-management challenge on its hands, as the combination of two companies with junk bond ratings will make it essential for the company to figure out how to access credit markets efficiently with a minimum of interest expense.
In the end, Alcatel-Lucent fell on the merger because it failed to offer the perfect exit for long-term investors who've shared the company's struggles during the years. With ongoing exposure to Nokia after a merger and the potential for failure, Alcatel shareholders will have a tough decision to make: whether to hold on to their Nokia stock, or cash in their chips in favor of other players in the tech industry.
#2
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Echo20
Valley view
Go to Motley Fool and read up on M2M internet possibilities.
Something will pass up the internet.
Buying ALU looks like part of that.
Echo20
I wonder if there is a break up fee maybe possible bid from sprint IMO
I see Nokia bought ALU out. What a bunch of inept managers Lucent had at the top. All the managers on big dollars and wanted more ... wanted more stock.. wanted everything but couldn't even manage the company properly. The Saudi TEP project was a good example of mismanagement, they went broke !! all because the bosses became to greedy !! Nothing but a lot of failures !!!!
Karma always comes .... ;)
Glad I took my chips off the table. Took so long to have something happen, I just got out. But , for once, I did OK.
Stock swap and not a cash offer combined with lack of premium above current levels yields some disappointment by this investor. Cannot complain though after having bought well below here.
I will close my position soon, not wanting to be a NOK investor for several reasons.
GLTA.
why the huge sell off today?
Not anytime soon IMO……this deal will take months to close.
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