Reuters is reporting that President Bush has voiced his approval of an $11.8 Billion merger between Lucent Technologies and Alcatel.
In the interest of assuaging concerns regarding the classified nature of some of the work that Lucent’s Bell Laboratories conducts for the U.S. government, White House spokesman Tony Snow announced that the companies will create a separate division run by Americans to handle sensitive U.S. contracts.
According to the Reuters report, Snow said, “Alcatel and Lucent have agreed with U.S. government agencies to enter into two robust and far-reaching agreements designed to ensure the protection of our national security.”
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