Alcatel, Lucent combine forces to weather competition

Monday, April 3, 2006

PARIS -- Alcatel SA will acquire U.S.-based Lucent Technologies Inc. in a $13.4 billion (11.1 billion euros) stock swap to form a stronger player in the fiercely competitive telecom equipment market, the companies announced Sunday. About 8,800 jobs will be cut.

To continue reading
For more than 115 years, the Southeast Missourian has written the first draft of local history. We have aspired to enrich, entertain, educate and inform. Our core values have remained firm: truth, service, quality, integrity and community. Support our mission.