Lucent in hand, is Thales next for Alcatel?MURRAY HILL Murray Hill may refer to one of the following places:
Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. (cisco.com). The two companies plan to cut about 10% of their combined workforce, or about 8,800 jobs. Patricia Russo Patricia Russo (born in 1953, in Trenton, New Jersey) is the current chief executive officer of Alcatel-Lucent, one of the world's largest communication equipment manufacturers. Lucent was a spin-off from AT&T of its Systems and Technology units (AT&T Technologies, Inc. , Lucent's current chief executive, will serve as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the merged Paris-based company. Tchuruk will act as non-executive chairman. In early 2001, the two companies nearly pulled off merger that at the time was valued at $23 billion, but the talks fell apart in a disagreement over how much control Alcatel would have. Alcatel will also gain Bell Labs, Lucent's historic research arm, which is responsible for inventions ranging from transistors and lasers to cellular telephone technology, data networking and communications satellites communications satellite artificial satellite that functions as part of a global radio-communications network. Echo 1, the first communications satellite, launched in 1960, was an instrumented inflatable sphere that passively reflected radio signals back to . The companies expect the deal to close in six to 12 months, barring any roadblocks from French or U.S. governments concerned with national defense contracts. Meanwhile, reports from France suggested Alcatel could purchase a larger share of Thales (thalesgroup.com), Europe's largest manufacturer of defense electronics. Alcatel, which also makes top-secret military satellites, currently owns a little less than 10% of Thales. The company has long sought to raise its stake in Thales to 25 to 30%, a move analysts estimate would cost Alcatel some 2 billion euros. Any move would require approval of Italy-based Finmeccanica, its space industry partner, and the French government, which owns a 31% stake in Thales. Another player on the scene is The European Aeronautic aer·o·nau·tic also aer·o·nau·ti·cal adj. Of or relating to aeronautics. aer  o·nau Defence and
Space Co. (EADS EADS European Aeronautic Defence and Space Company N.V.EADS Expeditionary Air Defense System (USMC) EADS Extended Air Defense Systems EADS Environmental Assessment Data System EADS Echelons Above Division Study ), which is reportedly offering its satellite production to Thales in exchange for a stake in the company. EADS (eads.net) is the parent of Airbus, the European aerospace consortium. It is also possible that EADS would transfer its Astrium satellite production unit to Thales. EADS also tried to gain control of Thales in 2004. Doing so would consolidate the European satellite industry under Thales. Edited by Mike Buetow |
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