Alcatel and Lucent Technologies shareholders approved Alcatel's $11 billion acquisition of Lucent on Thursday, ticking off another hurdle in the companies' plans to consolidate their businesses.
Alcatel said last week that it plans to buy some of Nortel Networks' wireless access infrastructure equipment for US$320 million in an effort to beef up its 3G wireless business in Europe and Asia.
Despite making massive worldwide job cuts, the French communications company is to set up seven new 3G research labs, including one in Australia.
America Online plans to unveil its first wave of Internet-friendly devices that don't require personal computers.
Europe's leading technology companies are starting to acknowledge the rude fact that the broad-based plunge in technology spending that has gripped the US may be sweeping their way.
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