Tuesday, September 12, 2006
AlcatelLucent
I was reporting some days ago that KPN selected Lucent for IMS. Today Forbes is announcing that the shareholdders of Alcatel and Lucent approved to alcatel's takeover of Lucent Technologies in a deal worth $ 10.8 billion. The new company will be called AlcatelLucent.
The companies have a combined market capitalization of around $ 27 billion and pose a threat to other manufacturers such as Ericsson and Siemens.
We are another step closer to creating the first truly global communications solutions provider with the broadest wireless, wireline and services portfolio in the industry," said Lucent CEO Patricia Russo.
Standard & Poor's Equity Research analyst Ken Leon had near-term reservations about the deal as he believed end-user markets for both Alcatel and Lucent remain highly competitive.
Competitors may have an advantage in the wireless and broadband equipment sectors as Alcatel and Lucent integrate operations, which won't happen until the merger closes.
Despite its disappointing financial results, we think the planned merger will benefit Lucent as it becomes part of a strong company," Leon wrote in a note to investors Thursday.
He maintained a "hold" opinion on Lucent shares.
The companies have a combined market capitalization of around $ 27 billion and pose a threat to other manufacturers such as Ericsson and Siemens.
We are another step closer to creating the first truly global communications solutions provider with the broadest wireless, wireline and services portfolio in the industry," said Lucent CEO Patricia Russo.
Standard & Poor's Equity Research analyst Ken Leon had near-term reservations about the deal as he believed end-user markets for both Alcatel and Lucent remain highly competitive.
Competitors may have an advantage in the wireless and broadband equipment sectors as Alcatel and Lucent integrate operations, which won't happen until the merger closes.
Despite its disappointing financial results, we think the planned merger will benefit Lucent as it becomes part of a strong company," Leon wrote in a note to investors Thursday.
He maintained a "hold" opinion on Lucent shares.
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