Nokia closed at $3.45 today, so each share of Lucent is worth about 40¢.

Who purchased Lucent Technologies?

Alcatel SA
Alcatel SA will acquire U.S.-based Lucent Technologies Inc. in a $13.4 billion (11.1 billion euros) stock swap to form a stronger player in the fiercely competitive telecom equipment market, the companies announced Sunday. About 8,800 jobs will be cut.

What was the stock price of Lucent Technologies?

History. Lucent became a “darling” stock of the investment community in the late 1990s, and its split-adjusted spinoff price of $7.56/share rose to a high of $84. Its market capitalization reached a high of $258 billion, and it was at the time the most widely held company with 5.3 million shareholders.

What was Lucent stock at the height of the telecom bubble?

At the height of the great telecom bubble, Lisa Endlich reminds us, Lucent Technologies’ stock was “as good as currency.” Arguably, it was better than that: Lucent stock could buy whatever the company wanted. Its executives pretended that the business was growing in predictable quarterly intervals – and its investors bought the lie.

How big was Lucent when it went public?

Lucent would begin business with more than $20 billion in annual revenues and a workforce of 137,000 employees. In April 1996 Lucent completed the initial public offering (IPO) of its stock. The IPO raised more than $3 billion, making it the largest IPO at the time in U.S. corporate history.

When did Lucent Technologies become independent of at & T?

In April 1996 Lucent completed the initial public offering (IPO) of its stock. The IPO raised more than $3 billion, making it the largest IPO at the time in U.S. corporate history. On September 30, 1996, Lucent became independent of AT & T when AT & T distributed to its shareowners all of its Lucent shares.