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April 02, 2006

Alcatel Lucent Finalising

Scott Moritz over at the Street.com is a little unimpressed with the Alcatel Lucent deal:

The postboom era hasn't been all that fruitful for Lucent. The stock has been stuck below $5 for more than three years. And at this point, Lucent is facing a wall rather than a lot of encouraging options.

True enough, Lucent stock has not exactly flown over the past five years, but then again, neither has that of any telecoms company. And getting together in the capacity of a merger with a company whose market cap is 40% higher than your own is a pretty soft wall to face.

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