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In 1996 ATT decided to split into three different companies These new companies were the new ATT NCR and Lucent Technologies Lucent Technologies is one of the leading designers developers and manufacturers of telecommunications systems software and products They are beginning to emerge as a Fortune 40 company Lucent Technologies builds local networks business telephone systems and consumer telephones that access the global networks Lucent Technologies was launched with an initial public stock offering in April ATT owns an 82 share of the Lucent technologies has 125000 employees worldwide Approximately 82 of its employees come from the United States and the other 18 come from foreign countries5 Lucent Technologies has offices in more than 90 countries and Bell Labs has offices in 13 countries The chairman and chief executive officer is Henry B Schacht Schacht has been on ATs board of directors since 1981 He has also held chairman and chief executive officer positions at Cummings Engine Company INC Lucent Technologies President and chief operating officer is Richard A McGinn McGinn joined ATT in 1978 He has previously served as executive vice president and chief executive officer of ATTs network group From 1994 to 1996 McGinn served on the ATT management executive committeeLucent Technologies is composed of four operating units These four units are Business Communication Systems Consumer Products Microelectronics Group and Network Systems These units are designed to work together to provide innovative and cost-efficient solutions for customers Bell Laboratories supports each group Bell Laboratories is a research and development organization that is recognized throughout the world for its achievements in science and technology Currently Bell Laboratories is focusing on developing digital signal processor algorithms lightwave communications photonics Networking Silicon chips Software and Wireless communications Business Communications Systems design manufacture install and service advanced voice and multimedia systems worldwide Consumer Products design manufacture sell and lease communications products for consumers small offices and home offices In 1995 in the United States Consumer Products sold
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