Classifier Instance:

Anchor text: Henry Schacht
Target Entity: Henry_Schacht
Preceding Context: At the time of its spinoff, Lucent was placed under the leadership of
Succeeding Context: , who was brought in to oversee its transition from an arm of AT&T into an independent corporation. Richard McGinn succeeded Schacht as CEO in 1997. Lucent became a "darling" stock of the investment community in the late 1990s, rising from a split-adjusted spinoff price of $7.56/share to a high of $84. In 1997, Lucent acquired Milpitas based voice mail market leader Octel Communications Corporation for $2.1 billion, a move which immediately rendered the Business Systems Group profitable. By 1999 Lucent stock continued to soar and in that year Lucent acquired Ascend Communications, an Alameda, California-based manufacturer of communications equipment for US$24 billion. Lucent held discussions to acquire Juniper Networks but decided instead to build its own routers internally.
Paragraph Title: History
Source Page: Lucent

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