Word: lucent
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Dates: during 2000-2009
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...solid shake-out has occurred in some quarters. With many Internet-service providers kaput, AOL Time Warner (parent company of TIME) is confident enough to have raised prices last week. Lucent is about to be sold, which will relieve some stress in telecom equipment. But consolidation has not gone nearly far enough, and with the stocks well up from their lows, the pace will surely slow. Tech earnings will suffer longer; the stocks will lag. I believe, as I said in mid-April, that we've hit bottom. But gradual recovery is what we need, not another rocket ride...
...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...
...dream" speech. The ads don't say anything about Alcatel's products - in fact, they are bewilderingly opaque - but given that those products are things like asynchronous transfer-mode data switches, it seems a safe bet that the spots are aimed at investors, not customers. Perhaps the pass at Lucent is just another way of saying, "Hey, guys, we're a player...
...player, but not yet Premiership level - at least not in telecoms. According to tech consultancy IDC, based in Framingham, Mass., $30 billion Alcatel ranks fourth, behind Cisco, Nortel and Lucent, in data-equipment sales to telecom service operators...