collapsed when Schacht insisted on an equal 7-7 split of the merged company's board of directors, while Alcatel chief executive officer Serge Tchuruk wanted 8 of the 14 board seats for Alcatel due to it being in a stronger position. The failure of the merger talks caused Lucent's share price to collapse, and by October 2002 the stock price had bottomed at 55 cents per share.

In August 2001, certain Lucent Technologies manufacturing assets in Oklahoma City, Oklahoma and Columbus, Ohio were signed