Loyalty costs employees of struggling AT&T, Lucent

Article Abstract:

The morale of AT and T and Lucent workers are down due to the struggles that the two titans are experiencing. Employees who have been loyal to the companies are facing dreary prospects for retirement as the companies' values plummet. AT and T is poised to split itself into three companies. What would remain would barely resemble the American icon once known as Ma Bell. Lucent, meanwhile, is poised to conduct big layoffs. Thus, morale at both camps has sunk as the companies' problems mount.

Telephone Apparatus Manufacturing, Wired Telecommunications Carriers, Personnel administration, Telephone Communications, Telephones, AT and T Corp.

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Agere share prices at just $6

Article Abstract:

Lucent Technologies is listing its Agere Systems division on the New York Stock Exchange through a $3.6-billion initial public offering (IPO). Agere, which manufactures microelectronic components for communications networks will be listed under the symbol AGR.A. Its IPO is being dampened by a bear market in the US and investors who have been burned by new offerings. The 600 million shares to be sold in the IPO have been priced at $6 each.

Organizational history, Other Electrical Equipment and Component Manufacturing, Electronic Components, Agere Systems Inc.

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