LYCOS RETRIEVER 
Lucent
built 203 days ago
Lucent and its directors and executive officers ... may be deemed to be participants in the solicitation of proxies from the stockholders of Lucent in connection with the transaction described herein. Information regarding the special interests of these directors and executive officers in the transaction described herein is included in the Form F-4 and the definitive proxy statement/prospectus for the proposed transaction. Additional information regarding these directors and executive officers is also included in Lucent's proxy statement for its 2006 annual meeting of stockholders, which was filed with the SEC on or about January 3, 2006. This document is available free of charge at the SEC's web site at http://www.sec.gov/ and from Lucent by contacting Investor Relations at http://www.lucent.com/, by mail to 600 Mountain Avenue, Murray Hill, New Jersey 07974 or by telephone at 908-582-8500.
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Lucent, which got out of the GSM equipment business, was supposed to be the supplier for one of the four zones (west) of BSNL. Though BSNL did place expansion order, Lucent had got out of the business. It ... expressed its inability to take further orders from Escotel.
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Lucent has its roots in one of the oldest telephone companies -- Western Electric -- which was founded in 1869 and later became part of AT&T. These assets ended up becoming part of AT&T's technology arm, including what is now Bell Labs, which were spun off in the mid-90s when AT&T was broken up. Lucent's culminating moment as an independent company came with its IPO in 1996, at the beginnings of tech-bubble fever. Its profits and stock price would skyrocket with the rise of the telecom balloon.
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To pay down its enormous debt, Lucent has its fiber-optic cable unit on the auction block. "They have a net debt position in the order of $3 billion," says Nikos Theodosopoulos, UBS Warburg, and that's why it's critical of them to sell it. According to Theodosopoulos, Lucent is hearing bids from European firms like Alcatel and Italy-based Pirelli.
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Lucent formed its New Ventures Group in 1996 to nurture small companies, make venture capital investments, and spin out entrepreneurial firms that could later go public. The New Ventures Group was instrumental in determining which Bell Labs inventions became marketable products. Between 1996 and the end of 1999 Lucent New Ventures created 11 companies and created syndicates of investors to spread the risk involved. At the beginning of 2000 Lucent said it planned to launch at least five new companies each year.
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Rising a sleek six stories above Williamsburg’s captivating Northside, Lucent brings a new perspective to the neighborhood. The building’s inviting lobby welcomes residents and guests with its mixture of curved, lush walnut walls and modern lighting. The 28 residences, a mixture of one- and two-bedroom units and stunning two-bedroom penthouses, offer spacious and airy layouts. All homes feature 4-inch Brazilian walnut hardwood floors, and many units include private outdoor spaces. The parking garage allows residents direct elevator access to their apartments, and guests are admitted via a state-of-the-art video intercom system. Get ready to experience Williamsburg in a whole new light.
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