Lucent Technologies Inc.
Donald K. Peterson, Executive Vice President and Chief Financial Officer:
"During our discussions with Ascend Communications, we were focused on completing
an acquisition aimed at establishing Lucents leadership in data networking and in
developing the next generation of networking technology. Goldman Sachs helped us to keep
the negotiations on track and moving forward. This was in keeping with the highly
strategic role the firm has played for us since the formation of Lucent. Goldman Sachs had
been a lead manager for AT&T in the Lucent IPO, and we have looked to the firm for
ongoing advice and knowledge about companies, trends and transactions in the data
networking space and how they matched up with our growth objectives. As a result of our
combination with Ascend, we can say that Lucent holds the number one position in our
sector in terms of market share and new products."
- Goldman Sachs acted as advisor to Lucent Technologies Inc. in its $21.4 billion
acquisition of Ascend Communications Incorporated.
- To date, this was the largest technology merger ever.
- The merger significantly enhanced Lucents position as a leader in data networking.