Lucent doesn't exist anymore, they were bought out by Alcatel about 6 years ago.
Fuck off nigger
In 2006, Lucent Technologies, once an elite American technology company whose stock price had risen to $84, creating a market value of $258 billion, barely avoided bankruptcy by selling out to Alcatel, a second-tier French telecommunications company.
In a short ten years, Lucent crashed from being the profitable sole-source AT&T R&D subsidiary to a failing independent company. Employees were shed by the thousands, dropping from 106,000 to fewer than 35,000. Over 70,000 American jobs disappeared from the company. Large chunks were sold off at bargain prices for cash. Others were shut down to lessen an overwhelming negative cash flow.
In only six years its stock price rose from $7.56 per share to a high of $84 after multiple stock splits, and then crashed to a 2002 low of 56 cents. Lucent’s market value dropped to less than $2 billion, not enough to meet two month’s payroll expense. Individuals’ company 401Ks sank to near worthlessness (divided by twelve). Retirees had to go back to work. Unexercised stock options became wallpaper.
How could a large successful American company with such powerful fundamental research and technology disintegrate so quickly? And how could Wall Street pundits not see it coming?
Lucent’s story exposes a national affliction destroying America’s future. It speaks to the contemporary American world, a harbinger of many other company futures. Perhaps the global future.
No analysis to date fully describes the forces that drove Lucent to the brink. Some illuminating articles did probe aspects of the situation (for example, http:// money.cnn.com/magazines/fortune/fortune_archive/2003/07/07/345538/index.htm , as well as the book: Optical Illusions ). But they didn’t reveal the entire real dirty story.
Retrospective interest focused on the Lucent accounting events, the financial reporting fiascoes, and executive actions during the last brief critical period, and not the longer-term underlying problems that guaranteed Lucent's ultimate demise. Optical Illusions would have one believe it was the transmission product area failure to deliver the needed products. But that simply attempted to shift responsibility away from Wall Street and McGinn.
In key respects, what happened to Lucent and AT&T mirrors cultural, political and social shifts that were occurring in the U. S. at the same time. If there are lessons to be learned, it is that America is changing for the worse, and is losing its ability to cultivate talented, dedicated engineers and scientists. It is losing its nurturing, supportive managers, and the corporate cultures that inspire true invention and innovation.
Companies can no longer afford the luxury of big science and long term research and development projects. Conditions are progressively deteriorated over time. With every transition, the changes become more destructive.
In a nutshell, what happened to Lucent was a result of:
Wall Street ego, greed, and malfeasance.
Corporate executive greed, incompetence, inexperience and ineffectiveness.
Meritocracy becoming mediocrity.
But there is lots of money to be made by Wall Street and Corporate Executives.
SAUCE:
Anywhere on the internet
LUCENT doesn't exist shithead. I used to work there. What's left of it was bought by Nokia in 2012.
Lucent>Alcatel>Nokia
Residents of 666 5th Ave NY
Tenants
https:// en.wikipedia.org/wiki/666_Fifth_Avenue
Brooks Brothers and the NBA Store became the initial ground-floor tenants. Brooks Brothers moved out in 2009, as well as Hickey Freeman in May of that year. The NBA Store closed in February 2011.
The new Hollister Co. Epic New York flagship moved in during 2010, and Uniqlo occupies 90,000 square feet (8,400 m2) on the ground, second, and third floors. The Hollister flagship opened in the later part of 2010 and features a live video feed from Huntington Beach, California displayed on 179 flat-screen TVs outside the store along with wave pools.[17] Polished gray columns were placed in the lobby near the elevators and changes were made to the subway entrance at the base of the building; the building is directly above the Fifth Avenue / 53rd Street station, which is served by the E M trains.
The building has also become an attractive location for law firms, hosting the New York offices of Vinson & Elkins, Norton Rose Fulbright, and Orrick, Herrington & Sutcliffe.
In addition to law firms, 666 Fifth Avenue houses the hedge fund Atlantic Investment Management, the hedge fund Millennium Management, LLC, the private equity firm AEA Investors, and the investment bank William Blair & Company.
The headquarters for DC Comics was located at 666 Fifth Avenue before moving to 1700 Broadway in the 1990s.
Lucent Technologies Inc. History
http:// www.fundinguniverse.com/company-histories/lucent-technologies-inc-history/
Address:
600 Mountain Avenue
Murray Hill, New Jersey 07974-0636
U.S.A.
WTF are you talking about? All I told you was Lucent doesn't exist anymore (bought out/ceased operations in 2009), they aren't at 666 5th Ave (they were in NJ, no NYC office).