If you were upset about the Dubai ports deal, you should really be concerned about the recently announced Alcatel/Lucent merger.

Alcatel is a French company. Alcatel owns 9.5 % of Thales, Europe’s biggest defense electronics company. Alcatel is trying to expand its holdings of Thales. Lucent gets much of its business from the U.S. military structure, the only thing that’s kept Lucent afloat.

The French socialist government is one of the major players in trying to undermine and destroy the United States through the vehicle of the U.N. The French government is also one of the major players in the ‘being pushed under the rug’ oil for food program, a now disclosed program of massive corruption and payoffs to fuel the tyrannical regime of Saddam Hussein. This cozy relation with enemies of the U.S. has to be highly suspect.

For anyone to think that U.S. military secrets and communication protocol will be protected from getting into the hands of the enemies of the U.S. via the French is truly naïve.

Investment broker Charles Schwab is reporting via Reuters:

Lucent has a wide array of sensitive government contracts, including one for an advanced communications system for the Defense Advanced Research Projects Agency, the Pentagon’s technology incubator, and the company also does work on laser communications, secure wireless systems and network security.

One complication could also be the fact that Caisse des Depots et Consignations, a French state-owned financial institution, holds about 4.12 percent of Alcatel and 4.22 percent in voting rights, according to a securities filing.

This is an inside spy job just waiting to happen. In fact, spying may be too strong a word. Secure information may be just a matter of observing what will be readily available to ‘connected’ executives. The French socialists despise this country. They are in bed with the corrupt establishment of the U.N. and their cronies. They are also curiously close to the Democrat Party in the U.S. vis-à-vis John Kerry and his comrades. (Remember it was in Paris that Kerry met with the communist leader of North Vietnam, then returned to undermine the U.S. war effort.)

And to add comfort and security to the deal…

Lucent Technologies Inc. , which has agreed to be acquired by France’s Alcatel , on Monday tapped three former Clinton administration national security officials to oversee a new subsidiary that will handle its sensitive U.S. government contracts.

It is interesting that only Clinton people are being tapped for this job. You can’t trust the Clinton people with national security. Remember they are the ones who gave rocket technology to the Chinese in exchange for campaign money. The Clinton folks are as corrupt as the French and in bed with this anti-U.S. element.

And to show you how informed Congress is:

Loren Thompson, Lexington Institute defense analyst with close ties to the Pentagon, predicted mounting questions about the merger, noting that most U.S. lawmakers were unaware until last week about the extent of Lucent’s classified work.

The military is concerned:

He said military officials also had concerns as did Democrats, who have released a security agenda echoing Hunter’s effort to prevent outsourcing of critical infrastructure.
“A senior military officer told me just this morning how upset he was about the deal,” said Thompson.

To put it simply, the French cannot be trusted, especially with American military secrets.
They opposed the Iraq war because they were on the take. Saddam Hussein was paying them off. They were in his pocket and giving him needed information and cover. As of this writing we, the public, do not know how much of this French, U.N. game was to allow Saddam Hussein to move his weapons of mass destruction out of Iraq (most likely to Syria or Lebanon).

Chief executive of Lucent, Patricia Russo demonstrates why Lucent is doing so poorly:

Russo is slated to become CEO of the combined company when the merger closes. Russo said the agreement carried a $500 million fee “for both sides” in the event the merger falls apart.

Kind of like blackmailing stockholders and government officials.

And it’s a lousy deal for Lucent stockholders:

Under the terms of the deal, Lucent shareholders will receive 0.1952 of an ADS (American Depositary Share) of Alcatel for every common share of Lucent that they currently hold.

The deal values Lucent at about $3.01 per share, or slightly below its closing stock price of $3.05 on the New York Stock Exchange Friday.

Some analysts also expressed caution:

“Lucent has been struggling for years to improve its profitability with little success,” Nomura said in a note on Monday. “We see significant risk of a merger that ends up destroying value.”

This is a bad deal all around for both Lucent shareholders and U.S. security.

It looks like Russo is more concerned with getting herself a cushy socialist French job than running a decent company and building value for customers and shareholders.

Block this Lucent deal. Here’s what you can do…

If you own shares of Lucent, vote “no” on the proposal.

If you own shares of a mutual fund that owns shares of Lucent, contact the fund manager(s) and tell them to vote “no.” If your mutual fund refuses then sell your shares and move your money to another fund that doesn’t hold Lucent or who will vote “no.” There are lots of good mutual funds. You don’t have to keep your money in a fund that doesn’t care about national defense.

Also contact your Congressman/woman and tell them to block this deal. Write President Bush as well.

This deal makes the Dubai ports deal look like a ‘happy meal’.