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Encyclopedia > Lucent Technologies
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Lucent Technologies, Inc.
Lucent Technologies
Type Public (NYSE: LU)
Founded Murray Hill, New Jersey (1996)
Location Murray Hill, New Jersey
Key people Patricia Russo, Chairman, and CEO
Industry Telecommunications
Products See [2]
Revenue Image:Green up.png $12.04 billion USD
Operating Income {{{operating_income}}}
Net Income {{{net_income}}}
Employees 30,500 (2006)
Website www.lucent.com
{{{footnotes}}}

On September 30, 1996, AT&T spun off its Systems and Technology units (AT&T Technologies, Inc., the former Western Electric), along with the famous Bell Laboratories, to form a new company named Lucent Technologies NYSE: LU, under the leadership of Henry Schacht, who was brought in to oversee the transition of Lucent from an arm of AT&T into an independent corporation. Image File history File links Stop_hand. ... Lucent Technologies logo This is a copyrighted and/or trademarked logo. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE), also nicknamed the Big Board, is the largest stock exchange in the world (by dollar volume) and second largest by number of listings. ... Murray Hill is a locality of Berkeley Heights, New Jersey located in Union County in north-central New Jersey. ... Official language(s) None defined, English de facto Capital Trenton Largest city Newark Area  - Total  - Width  - Length  - % water  - Latitude  - Longitude Ranked 47th 22,608 km² 110 km 240 km 14. ... 1996 (MCMXCVI) is a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... Patricia Russo is CEO of Lucent Technologies This article is a stub. ... A chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Telecommunication is the extension of communication over a distance. ... In business, revenue is the amount of money that a company actually receives from its activities, mostly from sales of products and/or services to customers. ... Green up arrow for a positive change in revenue from last fiscal year. ... This article is about general United States currency. ... EBIT stands for Earnings before Interest and Taxes (operating income). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... The front page of the English Wikipedia Website. ... September 30 is the 273rd day of the year (274th in leap years) in the Gregorian calendar, with 92 days remaining. ... 1996 (MCMXCVI) is a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... AT&T Inc. ... Western Electric (sometimes abbreviated WE and WECo) was a US electrical engineering company, the manufacturing arm of AT&T from 1881 to 1995 . ... To meet Wikipedias quality standards, this article or section may require cleanup. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE), also nicknamed the Big Board, is the largest stock exchange in the world (by dollar volume) and second largest by number of listings. ... Henry Schacht is an American businessman, a former chairman and CEO of Cummins Diesel (1973-1994), and later CEO of Lucent Technologies. ... AT&T Inc. ...


One of the primary reasons for the spinoff was to allow AT&T's equipment manufacturing business to profit from sales to competing telecommunications providers; these customers had previously shown reluctance at purchasing from a direct competitor. Bell Labs brought prestige to the new company, as well as the revenue from thousands of patents. AT&T Inc. ... BlackBerry 7100t Telecommunication refers to communication over long distances. ... To meet Wikipedias quality standards, this article or section may require cleanup. ...


Richard McGinn succeeded Henry Schacht as CEO in 1997. Lucent became a "darling" stock of the investment community in the late 1990s, rising from a split adjusted spin-off price of $7.56/share to a high of $84. However, on January 6, 2000, Lucent announced the first of a string of announcements that it had missed its quarterly estimates, and when it was later revealed that it had used dubious accounting and sales practices to generate some of its earlier quarterly numbers, Lucent fell from grace. By October, 2002, when its stock price bottomed at 55 cents per share, Henry Schacht had been brought back to replace Rich McGinn. This page meets Wikipedias criteria for speedy deletion. ... January 6 is the 6th day of the year in the Gregorian calendar. ... This article is about the year 2000. ...


In 1998, Lucent sold its consumer telephone equipment business to VTech, who renamed the division Advanced American Telephones. In 1999, Lucent acquired Ascend Communications, an Alameda, CA based manufacturer of communications equipment for $24B USD. In October, 2000, Lucent spun off its business telecommunications arm into Avaya, Inc., and in June, 2002, it spun off its microelectronics division into Agere Systems. 1998 (MCMXCVIII) is a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... Video Technology Ltd. ... Advanced American Telephones is the name of the consumer telephone division of VTech. ... Ascend Communications was an Alameda, California based manufacturer of communications equipment that was later purchased by Lucent Technologies in 1999. ... Avaya Inc. ... Agere Systems Logo Agere Systems Inc. ...


In 2002, Lucent began making significant cuts to the health care and retirement benefits of many of its 125,000 retirees. Although Lucent contends these and future cuts are necessary for its survival, they have nevertheless generated a continuing flow of negative publicity in the news media.


Today, Lucent has 30,500 employees, down from about 165,000 employees at its zenith. Lucent is active in the areas of telephone switching, optical, data and wireless networking. Patricia Russo currently heads the company.


The company designs and delivers the systems, services and software that drive next-generation communications networks. Backed by Bell Labs research and development, Lucent uses its strengths in mobility, optical, software, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for its customers, while enabling them to quickly deploy and better manage their networks. Lucent's customer base includes communications service providers, governments and enterprises worldwide.


Lucent's market vision is converged services -- creating networks that deliver communications services that are simple, secure and seamless; personal and portable; for people at work, home or anywhere in between. With two operating units -- Network Solutions Group and Lucent Worldwide Services -- Lucent is organized to best meet the needs of its customers and helps those customers create, build and maintain the most innovative, reliable and cost-effective networks.

Contents


Business groups

Network Solutions Group

Lucent Technologies' Network Solutions Group is dedicated to helping service providers capture the market opportunities being created by the growing demand for blended lifestyle services. To better support our wireline, mobile, and converged customers, Lucent is combining its wireless and wireline business units to form a single, unified organization squarely focused on delivering the vision, architectures, and solutions needed to enable the rapid, cost-effective delivery of integrated voice, data, video and multimedia services to subscribers, anytime, anywhere.


Lucent Worldwide Services

Lucent Worldwide Services (LWS) is one of the industry's most experienced and knowledgeable network services organization. With technicians, network designers, consultants and engineers, LWS serves the world's largest service providers, enterprises and government institutions in countries around the world.


Bell Labs

Main article: Bell Labs

Bell Telephone Laboratories, Inc. was created in 1925 as the R&D firm of the Bell System. It was an AT&T subisidiary set up as dual ownership by AT&T and Western Electric, the manufacturing arm of AT&T. To meet Wikipedias quality standards, this article or section may require cleanup. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... 1925 (MCMXXV) was a common year starting on Thursday (link will take you to calendar). ... The Bell System was a trademark and service mark used by the US telecommunications company American Telephone & Telegraph Company (AT&T) and its affiliated companies to co-brand their extensive circuit-switched telephone network and their affiliations with each other. ... AT&T Inc. ... AT&T Inc. ... Western Electric (sometimes abbreviated WE and WECo) was a US electrical engineering company, the manufacturing arm of AT&T from 1881 to 1995 . ... AT&T Inc. ...


Bell Labs has accumulated over 31,000 patents in its existence, some of which include development of the LED and discovery of the measure of sound.


Diversity

Lucent was named one of the "100 Best Companies for Working Mothers" in 2004 by Working Mother magazine.


Murray Hill facility

The Murray Hill anechoic chamber, built in 1940, is the world's oldest wedge-based anechoic chamber. The interior room measures approximately 30 feet high by 28 feet wide by 32 feet deep. The exterior cement and brick walls are about 3 feet thick to keep outside noise from entering the chamber. The chamber absorbs over 99.995% of the incident acoustic energy above 200 Hz. At one time the Murray Hill chamber was cited in the Guinness Book of World Records as the world's quietest room. It is possible to hear the sounds of bone joints and heart beats very prominently. A picture of an anechoic chamber An anechoic chamber is a room that is isolated from external sound or electromagnetic radiation sources, sometimes using sound proofing, and prevents the reflection of wave phenomena (reverberation). ... 1940 (MCMXL) was a leap year starting on Monday (link will take you to calendar). ...


The Murray Hill facility is currently the global headquarters for Lucent Technologies. The Murray Hill facility also has the largest copper-roof in the world. When Lucent Technologies was experiencing financial troubles in 2000 and 2001, one out of every three fluorescent lights was turned off in the facility. The same was done in the Naperville facilities for a while. The facility has a cricket field and nearby, features a station from which enthusiasts can control RC airplanes and helicopters. General Name, Symbol, Number copper, Cu, 29 Chemical series transition metals Group, Period, Block 11, 4, d Appearance metallic brown Atomic mass 63. ... A roof tiled in imitation of thatch at Croyde, north Devon, England Rooftops in Vietnam Snow on the roof A roof is the top covering of a building that sheds rain or snow, keeping the building interior dry. ... Fluorescence induced by exposure to ultraviolet light in vials containing various sized cadmium selenide (CdSe) quantum dots. ... Naperville is a city located in DuPage County, Illinois and Will County, Illinois. ... For the insect, see Cricket (insect). ... A remote control vehicle is defined as any mobile device that is controlled by a means that does not restrict its motion with an origin external to the device. ...


FCPA case

According to its SEC filing, In April 2004 Lucent fired its president, COO, a marketing executive and a finance manager at its China operations for FCPA violations. These violations were uncovered through internal investigations triggered by the (unrelated) US DOJ and SEC probe into possible Lucent's FCPA violations in Saudi Arabia. The U.S. Securities and Exchange Commission (SEC) requires a public company in the United States to file financial statements regularly so that they can be made available to the public. ... The United States Foreign Corrupt Practices Act of 1977 is legislation in the United States requiring any company that has publicly-traded stock to maintain records that accurately and fairly represent the companys transactions; additionally, requires any publicly-traded company to have an adequate system of internal accounting controls. ... The United States Department of Justice (DOJ) is a Cabinet department in the United States government designed to enforce the law and defend the interests of the United States according to the law and to ensure fair and impartial administration of justice for all Americans. ... The U.S. Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. ...


Logo

The Lucent logo was designed by Landor Associates, a prominent San Francisco-based branding consultancy. One source inside Lucent says that the logo is actually a Zen Buddhist symbol for "eternal truth", the Enso, turned 90 degrees and modified. A logotype, commonly known as a logo, is the graphic element of a trademark or brand, which is set in a special typeface and/or font, or arranged in a particular, but legible, way. ... Landor Associates is a San Francisco-based brand and creative design consultancy. ... A woodblock print by Yoshitoshi, (Japan, 1887) depicting Bodhidharma the founder of Chinese Zen. ... For the company, see Stora Enso For the (former) town, see Enso (town) For the climate phenomenon, see ENSO Enso (円相) is a Japanese word meaning circle. Enso is perhaps the most common subject of Japanese calligraphy. ...


In the Dilbert comic strip, when Dogbert was asked to design a new company logo, he takes a piece of paper that his coffee cup was sitting on, and calls it the "Brown Ring of Quality". This may have been a parody of the Lucent logo. Thriving on Vague Objectives, the latest Dilbert book Dilbert animated series, episode 212 Dilbert is a popular American comic strip. ... Dogbert is Dilberts pet dog from the Dilbert comic strip, though he rarely acts like a pet. ...


External links


  Results from FactBites:
 
Lucent Technologies - Wikipedia, the free encyclopedia (1123 words)
Lucent became a "darling" stock of the investment community in the late 1990s, rising from a split adjusted spin-off price of $7.56/share to a high of $84.
However, on January 6, 2000, Lucent announced the first of a string of announcements that it had missed its quarterly estimates, and when it was later revealed that it had used dubious accounting and sales practices to generate some of its earlier quarterly numbers, Lucent fell from grace.
Although Lucent contends these and future cuts are necessary for its survival, they have nevertheless generated a continuing flow of negative publicity in the news media, and many point to the cuts as an example of why there is a need for legislation to protect American retiree health care benefits.
  More results at FactBites »

 
 

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