Telecommunications systems
Michigan-based companies are continuing to invest in their operations and form partnerships to drive growth and innovation. The Whirlpool Corp. has announced a $100 million expansion of its Clyde, Ohio, washing machine manufacturing plant, citing the retention of approximately 3,000 jobs and creation of 150 jobs over the next
Telecommunications systems
Regina Monteith, education director for the Historic Columbia Foundation, has announced plans to publish a brochure highlighting historic sites in Richland County, South Carolina, catering to black tourists. The pamphlet, set to be released this summer, will feature historic churches, schools, homes, businesses, and cemeteries that are significant to the
Telecommunications systems
Four leading information security and networking vendors – Cisco Systems, Lucent Technologies, Network Associates, and Sun Microsystems – have joined forces to establish the Security Research Alliance. This alliance aims to advance security research, enhance communication, and facilitate collaboration among industry experts, IT professionals, and vendors. The group's primary objectives
Telecommunications systems
Four major information security and networking vendors have joined forces to establish the Security Research Alliance, a collaborative effort aimed at advancing security research and education for IT decision-makers. The Alliance's member companies, including Cisco Systems, Lucent Technologies, Network Associates, and Sun Microsystems, have committed to working together
Telecommunications systems
The internet bubble's growth slowdown has been evident in the decline of Amazon.com's stock price, down 34% from its record high on January 11. The Street.com index of 20 internet stocks has also slumped 17% since peaking. The broader stock market has cooled off,
Telecommunications systems
The New York Stock Exchange (NYSE) experienced a decline in stock prices on January 21, as investors took profits despite a mostly strong showing of corporate earnings. The Dow Jones Industrials fell 71.83 points to close at 9,264.08 on high volume, with declines leading advances 1,932
Telecommunications equipment industry
Lucent Technologies, the spinoff from AT&T in 1996, has taken a significant step in its growth strategy by acquiring Ascend Communications Inc. for $19.7 billion. The move is expected to make Lucent a more formidable player in telecommunications technology. The acquisition is a strategic move to strengthen
Telecommunications systems
Lucent Technologies, the leading US maker of telecommunications network equipment, has been in talks with Ascend Communications, a data networking company, for months. The two companies are now on the verge of a deal, with each needing the other due to the increasing demand for equipment that can handle both
Telecommunications systems
Lucent Technologies, the world's largest telecommunications equipment manufacturer, has made a significant move in the rapidly consolidating market for telecommunications equipment. The acquisition of Kenan Systems, a leading maker of telephone billing and customer care software, for $1.48 billion is a strategic move to target the fastest-growing
Telecommunications equipment industry
Lucent Technologies is poised to announce a merger with its smaller rival, Ascend Communications, in a deal that could be valued at more than $16 billion. The prospective deal, long rumored, would see Lucent, with a market capitalization of about $152 billion, acquire Ascend, valued at approximately $15.5 billion.
Telecommunications systems
Lucent Technologies launched its Cajun Campus educational seminar program, an 11-city series aimed at assisting enterprise data networking professionals in planning their next-generation infrastructures. The free, half-day seminar series started on January 7, 1999, in Boston and will continue over the next five weeks in various cities across the United
Telecommunications systems
Lucent Technologies has signed major contracts with Portugal's Telesp Celular to build wireless networks in the state of Sao Paulo, Brazil, totaling $340 million. The installation of wireless CDMA networks is expected to support more than 1.5 million subscribers in Greater Sao Paulo and other areas of
