Cisco Systems is giving up partner hunt; no deals with Lucent or Northern Telecom

Article Abstract:

Cisco Systems, the leading manufacturer of networking equipment, has failed in attempts to form partnerships with Lucent Technologies and Northern Telecom. Cisco now says it will defend its leadership position on its own. CEO John T. Chambers says Cisco is determined that Cisco will weather the storm of consolidation that has overtaken the networking industry. Chambers says Cisco will continue as an independent maker of networking equipment. He says Lucent and Northern Telecom, which are leading North American manufacturers of traditional telecommunications equipment, are not well constituted to compete in the rapidly evolving technology marketplace. The industry's trend among big communications networks has been toward convergence and consolidation, with an emphasis on data rather than voice traffic.

Computer network equipment industry, Network hardware industry, Telecommunications equipment industry, Contracts, NT, Cisco Systems Inc., CSCO, Contract agreement, Northern Telecom Ltd.

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Lucent introduces strategy to aid data networking; products and acquisition plans announced

Article Abstract:

Lucent Technologies unveiled its data networking plans, which include the introduction of new data-manipulating products and at least one company acquisition. The new Lucent products have been designed to handle data at high speeds. Lucent has been negotiating for the last few months to purchase ODS Networks, according to industry sources. Analysts also believe Lucent is interested in acquiring Fore Systems. Another Lucent plan emphasizes equipment supplies to telecommunications carriers and large companies, as opposed to competing in retail markets. Large telephone network equipment sales accounted for most of Lucent's $23.8 billion in 1996 revenue. Financial analysts and customers, citing increased Internet popularity, have challenged Lucent to strengthen its data networking products.

Management, Telecommunications services industry, Telecommunications industry, Company technology development

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Lucent and Philips to create $2.5 billion phone venture

Article Abstract:

Lucent Technologies and Philips Electronics are merging their telephone-manufacturing operations to create a new company that will earn $2.5 billion in annual revenue. The joint venture is an attempt by the companies to create a powerful, global wireless telephone company and will be called Philips Consumer Communications. Lucent is hoping the venture will revive its consumer products business and Philips is benefitting from Lucent's product line. The transaction is expected to be completed by Oct 1, 1997. Philips will own a majority of the new company and its managing director of the consumer communications division, Michael McTighe, will be the CEO of Philips Consumer Communications.

Telephone and telegraph apparatus, Telephone Apparatus Manufacturing, Telephones, Mergers, acquisitions and divestments, Company acquisition/merger, Consumer electronics industry, Koninklijke Philips Electronics N.V., Philips Consumer Communications L.P.

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