 By early 2003, Lucent's market value was $15.6 billion (which includes $6.8 billion of current value for two companies that Lucent had recently spun off, Avaya and Agere Systems), making the shares worth around $2.13, a far cry from its dotcom bubble peak of around $84, when Lucent was worth $258 billion.Lucent continued to be active in the areas of telephone switching, optical, data and wireless networking.On April 2, 2006, Lucent announced a merger agreement with Alcatel, which was 1.5 times the size of Lucent.