Word: alcatel
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...What's an Alcatel?" that's the question investors across the U.S. might have been asking last week after it emerged that the comparatively low-profile French telecom-equipment giant was in merger talks with erstwhile Wall Street heartthrob Lucent Technologies...
...only 18 months ago that Lucent was trading near $80 a share and was America's most widely held stock. Lately, the stock price has been hovering around $10, and the news of a possible Alcatel deal further depressed the stock price, inching it closer to the $9 mark. (In all, the company has lost an astonishing $200 billion in shareholder value in the last year and a half.) Alcatel's investors were just as unhappy, and perhaps with greater justification. Alcatel has problems of its own: its stock is down around 65% from its high last year...
...would Alcatel's ambitious CEO Serge Tchuruk ever want such a headache...
...Alcatel Optronics
...Alcatel Optronics Public company based in Nozay, France CEO: Jean-Christophe Giroux What it does: Makes active and passive optical components Why it is hot: As one of the few companies that can offer a full range of products, it's catching up to U.S. rivals in market share and is currently bidding $5 billion to buy rival Lucent Technologies' optic fiber unit www.alcatel.com/optronics...