Lucent settles Alcatel deal suits
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(InfoWorld) - Lucent Technologies has averted a potentially embarrassing delay of its shareholder vote on a merger with Alcatel,Â settling two suits by shareholdersÂ who said the deal doesn't maximize shareholder value. Lucent and AlcatelÂ agreed in April to mergeÂ into a global communications vendor that would have about $25 billion in annual revenue. Both companies plan to hold shareholder votes to approve the deal on Thursday. Plaintiffs in Resnick vs. Lucent Technologies Inc. wanted to postpone Lucent's vote, and the company was due at a hearing Wednesday in the Superior Court of New Jersey in Union County to fight that move. Another group of shareholders pursuing a similar suit, Asa R. Maley Trust vs. Lucent, also would have joined the hearing. Now Lucent won't have to face the danger of a legal entanglement the day before its planned vote. Both suits were intended as class actions on behalf of owners of Lucent stock. Terms of the settlement Lucent reached with them will be disclosed later, the company said in a filing to the U.S. Securities and Exchange Commission on Friday. The Lucent-Alcatel deal would be one of the biggest shifts yet in the consolidation of both service providers and vendors in the telecommunications industry. Both the U.S. Federal Trade Commission and the European Commission have approved the plan, but it still faces opposition from some investment firms and needs the blessing of the Committee on Foreign Investment in the U.S. Lucent is based in Murray Hill, New Jersey. The merged company, to be called Alcatel Lucent, would have its headquarters in Alcatel's base of Paris. Â ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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Illumina settles its disputes about patents with Affymetrix.
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WASHINGTON -- A federal jury in San Diego yesterday ordered Microsoft Corp. to pay $1.52 billion to Alcatel - Lucent for violating two patents for a technology used by hundreds of companies to play digital music on computers, cellphones, and other devices.
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Labor unions at Alcatel-Lucent, the telecommunications equipment maker, agreed to job-reduction plans in France, ending protests that included disruption of the companyâs shareholder meeting in June.
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Shareholders at Alcatel CGEP.PA and   Lucent Technologies Inc. LU.N on Thursday separately voted in   favor of a merger under which the French telecoms equipment   firm buys its U.S. rival in a $10.9 billion deal.
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Alcatel-Lucent finished its first full year as a merged company with a net loss of 3.52 billion euros and sales of 17.79 billion euros, a 2.5 percent drop.
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A judge has approved a $3.75 million settlement in a class-action lawsuit challenging billing practices at AT&amp;T Wireless Services, the Redmond-based company that was acquired last week by Cingular Wireless of Atlanta.
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AT&amp;T Corp., the largest US long- distance telephone company, agreed to pay $100 million to settle lawsuit by shareholders who sought $2.
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Alcatel-Lucent reported higher sales but a net loss for the fourth quarter due to a big writedown in its CDMA (code division multiple access) and IP (Internet protocol) multimedia services businesses.
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PARIS, February 27  /PRNewswire-FirstCall/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) and E-Plus announced today that the world's leading network integrator will be managing several network business divisions of Germany's third-largest mobile communications provider, E-Plus Mobilfunk.
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Network equipment companies Alcatel SA  and Lucent Technologies Inc.  said on Thursday they had completed their merger, creating one of the world's biggest suppliers of network equipment for mobile phones and high-speed Internet communications.
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Recently-merged Alcatel-Lucent  is stepping up job cuts to 12,500 after dipping into a fourth quarter loss and forecast a sales drop in the first quarter as tough trading and uncertainties related to the tie-up took their toll.
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By Bloomberg News. The AT&amp;T Corporation, the nation&#39;s biggest long-distance telephone company, said yesterday that it had agreed to pay $100 million to settle a lawsuit by shareholders who claimed the carrier had lied about its finances.
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In the first of a series of patent disputes regarding its claims to rights to technologies used in MP3 audio codecs, French telecommunications firm Alcatel-Lucent -- which now owns the IP first conceived by Bell Laboratories -- was awarded $1.5 billion in a jury verdict against Microsoft in a federal district court in Seattle this afternoon.
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PARIS, October 20 /PRNewswire-FirstCall/ -- SBC Communications announced today that it has selected Alcatel (PARIS: CGEP.PA and NYSE: ALA) as its primary network infrastructure and services supplier in a deal that is estimated to be worth USD 1.7 billion
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The deal follows Alcatel&#039;s April plan to acquire Lucent  Technologies Inc. to create the world&#039;s top telecoms gear maker  by annual sales, and comes years after Wall Street analysts  have called for mergers in the crowed sector.
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PARIS, June 22  /PRNewswire-FirstCall/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced it has been selected by Vodafone Portugal for the implementation of a triple play-capable network solution to provide DSL- based services.