17 Facts About Lucent

Lucent Technologies, Inc was an American multinational telecommunications equipment company headquartered in Murray Hill, New Jersey.

Lucent was merged with Alcatel SA of France on December 1,2006, forming Alcatel-Lucent.

Shortly after the Lucent renaming in 1996, Lucent's Plan 9 project released a development of their work as the Inferno OS in 1997.

One source inside Lucent says that the logo is a Zen Buddhist symbol for "eternal truth", the Enso, turned 90 degrees and modified.

Lucent's logo has been said to represent constant re-creating and re-thinking.

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Lucent became a "darling" stock of the investment community in the late 1990s, and its split-adjusted spinoff price of $7.

In 1997, Lucent acquired Milpitas-based voicemail market leader Octel Communications Corporation for $2.

Lucent held discussions to acquire Juniper Networks but decided instead to build its own routers.

In 1997, Lucent acquired Livingston Enterprises Inc for $650 million in stock.

Lucent played a key role in planning and implementing the 1996 initial public offering of a successful stock and company launch strategy.

However, the real cause of Lucent spurring sales under Fiorina was by lending money to their own customers.

Previously Lucent had 14 straight quarters where it exceeded analysts' expectations, leading to high expectations for the 15th quarter, ending Dec 31,1999.

On January 6,2000, Lucent made the first of a string of announcements that it had missed its quarterly estimates, as CEO Rich McGinn grimly announced that Lucent had run into special problems during that quarter—including disruptions in its optical networking business—and reported flat revenues and a big drop in profits.

In October 2000, Lucent spun off its Business Systems arm into Avaya, Inc, and in June 2002, it spun off its microelectronics division into Agere Systems.

Lucent was reduced to 30,500 employees, down from about 165,000 employees at its zenith.

Lucent continued to be active in the areas of telephone switching, optical, data and wireless networking.

When Lucent Technologies was experiencing financial troubles in 2000 and 2001, one out of every three fluorescent lights was turned off in the facility.