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Alcatel and Lucent to Merge

Posted by ryuzaki0 on from the come-together dept.

Cappella writes "It is confirmed. Alcatel and Lucent are combining to form a USD $25 billion entity. This marks a new wave of telecommunications company consolidation in the next few months to come." They first tried to work out a merger five years ago, but finally, at long last, it's come to fruition.

4 of 174 comments (clear)

  1. AT&T by HoosierPeschke · · Score: 5, Funny

    Soooooooo will they rename themselves Western Electric and merge with AT&T?

    --
    Mr. Universe: "They can't stop the signal, Mal. They can never stop the signal."
  2. Re:Bets On The New Name by C.A.+Nony+Mouse · · Score: 5, Funny

    Accident.

    --
    J
  3. Saves on incest costs.. by Mowie_X · · Score: 5, Interesting

    The whole industry is very incestuous. It will save a lot of money from both companies kitty used to lure employees from the other. Don't count this as minor savings either. It was not uncommon at all for Lucent to fly Cisco/Nortel employees from Can to US for an interview at the spur of the moment -- including putting them up in hotel, costs, etc...

    I do suspect this will lead to a lot of layoffs however. Do they really need 2 wireless divisions doing exactly the same thing?

  4. my $0.02 Worth from a former employee of Lucent by ilove2bscrewed · · Score: 5, Insightful

    Alcatel is making a move that may bite them in the ass. Lucent is not worth what they are paying for it, the entire company is worth maybe 1/2 of that price TOPS. As part of the deal I hope that Alcatel gets to execute Patrica Russo by a great french method of 'off with her head'. The first thing that Alcatel needs to do post merger is sack the entire BOD and any other worthless manager still left on the payroll.

    If were a cartoonist, this is the cartoon I would draw.

    Frame #1: A fat PHB with the Red lucent symbol on his back, he is screwing an employee with the caption of "It's just business"
    Frame #2: A french executive from Alcatel is screwing the fat PHB from the first frame with the caption of "How do you like it?"

    The red lucent symbol will always remind me of how my ass felt after the management had their way with me. No romance, no dinner, no flowers, just a royal pounding in the ASCII chart!