Oh I agree. When a company has such a long storied history like Lucent then there can be many butterfly effects. It's just lately (past 2 years), the financial picture for Alcatel-Lucent has gotten really bad.
Another factor for such a huge decline was it was at a speculative peak in the 2000s. Investors figured that as the internet switched from text to rich media (video, voip, etc), there would be huge bandwidth demands. A little new gadget called the cell phone was also on the rise. The telecommunications infrastructure would have to be laid reaping huge profits for ALU, they all figured. The stock price got pumped up and when, the company could not deliver...
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Oh I agree. When a company has such a long storied history like Lucent then there can be many butterfly effects. It's just lately (past 2 years), the financial picture for Alcatel-Lucent has gotten really bad.
Another factor for such a huge decline was it was at a speculative peak in the 2000s. Investors figured that as the internet switched from text to rich media (video, voip, etc), there would be huge bandwidth demands. A little new gadget called the cell phone was also on the rise. The telecommunications infrastructure would have to be laid reaping huge profits for ALU, they all figured. The stock price got pumped up and when, the company could not deliver...