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Cazenove upgraded Alcatel-Lucent to “outperform” from “in-line”

By Amarendra Bhushan for CEOWORLD Magazine Updated:August 28, 2008

Cazenove upgraded Alcatel-Lucent to “outperform” from “in-line” and said it sees prospective for revolutionize at the company, following a report that Mike Quigley, President, Divisional, Alcatel-Lucent ADR, could take the wheel as chief executive officer. “Departure of Chairman Serge Tchuruk and Chief Executive officer Patricia Russo, as well as the projected nomination of Mike Quigley as CEO is a “potential inflection point” for the company, We believe a new focused management team could lead to better execution on the merger plan…”, said Cazenove.

Cazenove Group is a private company, registered in Jersey, which holds the 50% interest in JPMorgan Cazenove, the joint venture with JPMorgan. JPMorgan Cazenove is one of the UK’s leading investment banks. Jointly owned by JPMorgan and Cazenove, it combines innovative and impartial advice with a broad range of capabilities and proven execution skills.

In another news, As an Official Partner in The external linkNorth Face Ultra-Trail du Mont-Blanc cross country footrace August 27-31, Alcatel-Lucent is providing voice and data communication solutions that deliver an “always-on” experience for organizers, runners, race volunteers, media and support teams to get the information they need — when they need it — in a challenging environment. Alcatel-Lucent equipment is being used at the Ultra-Trail du Mont-Blanc® headquarters in Chamonix and by over 1300 volunteers at 22 locations along the race route. Features include voice and web conferencing, document and application sharing, live and pre-recorded audio message delivery, emergency call routing, and toll-free numbers in the three countries crossed by the race.

Established in 2003, Ultra-Trail du Mont-Blanc® is the worldwide off-road race summit, bringing thousands of runners and volunteers from all over the world to a rugged, 166 kilometer course that crosses France, Italy and Switzerland and includes an elevation rise of over 9400 meters. Managing such a complex event requires superb logistical support, and this year Alcatel-Lucent solutions will provide the real-time communication foundation required to simplify the event’s organization.

The company will recruit direct partners to sell its recently launched OmniAccess 3500 Nonstop Laptop Guardian and OmniAccess 8550 Web Services Gateway security products, as well as its rapidly expanding portfolio of enterprise data solutions, including the successful OmniSwitch 6850 family of LAN switches.

To coincide with the recruitment effort, Alcatel-Lucent has revamped its business partner training programs. The sessions offered now include technical training for the company’s full range of data and security products, as well as providing increased emphasis on sales methodologies, helping partners to better engage with end-users and to map Alcatel-Lucent solutions to address their needs. Both new and existing partners will be able to access the training programme schedule by visiting the partner extranet at: https://www.businesspartner.alcatel-lucent.com

Cazenove history:

The origins of Cazenove can be traced to the early Huguenot financiers who left France for Geneva in the late seventeenth century after the Revocation of the Edict of Nantes in 1685. In time, a number of the Huguenots left Geneva for the UK; amongst those leaving to seek wealth and freedom in the City of London were members of the Cazenove family.

In 1819 Philip Cazenove first joined the business of his brother-in-law John Menet; in 1823 they became partners, and the beginnings of the firm of Cazenove can be identified. John Menet died in 1835 and Philip went into partnership with Joseph Laurence and Charles Pearce, before branching out on his own and then forming a new partnership in 1854 with his son and nephew.

Involved in such exotic new issues as His Highness the Nizam’s State Railway Company and the rather more mundane Metropolitan Sewage and Essex Reclamation Company, his business prospered. It was in the mid 1930s that the business first reached its position as one of the City of London’s pre-eminent stockbroking partnerships.

In the 1980s, Cazenove played an important part in most of the British Government’s privatisation issues. In the turbulent period of “Big Bang” in the mid 1980s, which revolutionised the workings of the City, Cazenove retained its independence. Throughout the 1980s and 1990s it successfully expanded its business, both domestically and internationally.

The firm incorporated in April 2001, raising equity and debt finance from some of the leading institutional investors in the UK. During 2002, it opened offices in Frankfurt, Paris and Beijing and began the restructuring of its fund management business. In the UK, it continued to extend its competence and market share in the M&A, financial advisory and equities businesses.

On 5 November 2004, Cazenove announced that it would combine its investment banking business with JPMorgan’s UK investment banking business in a new company to be owned jointly and called JPMorgan Cazenove. This transaction creates a leading UK investment bank which combines innovative and impartial advice with a broad range of capabilities and proven execution skills. Cazenove Group Limited is incorporated in Jersey.

On 30 December 2005, Cazenove completed the demerger of Cazenove Capital Management, thereby creating an independent asset management business.

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