Lucent has its roots to a association which has a history of much than 120 years, yes, once it was is a part of AT& vitamin A;T. AT& group A;T and the U.S. Justice Department situate a 1974 antitrust suit. AT&T agrees to clean its local telephone companies. AT&T split up into several business units, including AT&T interlock Systems, AT&T Global Business communications Systems, AT&T Microelectronics and AT&T Consumer Products, which later combine with Bell Labs to become Lucent Technologies.
In September 1995, US-based telecom giant AT&T announced that it would be restructuring itself into three separate companies - a work company, retaining the AT&T depict; a products and systems company (later named Lucent Technologies); and a computer company (which assumed the name: NCR).
AT&T proposes forming three separate, generally traded companies to exercise the increasingly divergent business needs of its customers. Lucent Technologies launches its judicial separation from AT&T with an initial public fling that is the then-largest ever on the New York Stock ExchangeIn early 1990 when meshing & telecommunication industry was booming in grocery store there was a huge demand for products which will further up the data & voice transmission with network.
And to develop such products it required really big & huge research & development, to innovate the product as pre market requirements, and it had a strong back of Bell Labs which had much than 28000 patents in technologies related to voice and & data transmission.
At the time it was spun off from AT&T, Lucent was already a major player in many businesses - mobility, data, ocular and voice networking technologies, professional network designs and consulting services, web-based enterprise solutions which linked public and private networks, and optoelectronics and communications semiconductors. By 1997, Lucent was the leading telecom equipment maker and was lauded as one of the biggest success stories...
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