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Published: 20 March 2000 18:02 GMT
Don Peterson, Lucent Technologies CFO, today outlined the reason for divesting its enterprise networking business, which was spun-off from the telecoms equipment provider earlier this month.
Peterson, who will become the CEO of the new business, said: "The enterprise business is very different to Lucent's existing business. It wasn't doing as well as it should have been doing, and not enough was being invested into research and development."
Shareholders in Lucent will be given shares in the unnamed company upon completion of the hand-over process. That is expected to happen at the end of September.
The set-up will have over 34,000 employees, a market capitalisation of $8bn, and free access to Lucent's technology.
Delivery of training to new and experienced users - Coordinating pre- and post-go live activities - Onsite go-live support - Systems improvements and ...
A good understanding of Alcatel-Lucent DSLAM equipment is required and knowledge of XDSL, ADSL, ADSL2+, VDSL, SDSL. Telco, Telecom, ...
Stream manage and provide lead engineering skills throughout all phases (requirements gathering, design, procurement, implementation and hand-over to ...
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