In 1997, Lucent acquired Milpitas-based voice mail marketplace leader Octel Communications Corporation for $2.1 billion, a move which immediately rendered the Enterprise Systems Group profitable. The business reported, even so, that it was aware of at least 12 class-action lawsuits filed on behalf of persons who bought Lucent’s widespread stock between late October 1999 and January six, 2000, claiming that Lucent and certain of its officers misrepresented Lucent’s financial condition and failed to disclose material details that would have an adverse effect on Lucent’s future earnings and prospects for growth.
Based on the typical high and low rates at which AT&T and Lucent Technologies traded on September 30, 1996—as reported for the New York Stock Exchange transactions—72.01 percent of your pre-spin-off tax basis ought to be allocated to your AT&T shares, and the remaining 27.99 percent need to be allocated to your new Lucent Technologies shares (like any fractional share interest).
Workers nationwide – 1,300 of them in Central Florida – cut quick their brief strike Monday with a tentative deal in the early morning, negotiators for the unions and New Jersey-based Lucent culminated months of talks by reaching an agreement on a five-year contract, ending a labor walkout after about 21/2 hours.Leaders of the International Brotherhood of Electrical Workers and Communications Workers of America are reviewing the proposed contract.
It had the sources and expertise to perform as prime contractor on a quantity of large projects: the Safeguard ABM project, the Autovon Military Communications Network which includes the Cheyenne Mountain NORAD center, the SOSUS Navy underwater sound technique that implemented a international underwater sound network for detecting surface ships and submarines, to name a couple of.
The unions treat it as just an additional forum for bargainingwe inform them about plans to expand in Venezuela and they respond that they for that reason need to have to get more jobs in the U.S. And our executives treat it just as a contractual obligationthey give it lip service and go through the motions but see labor as a constraint on their actions and an interference in their firms.