Home > Marconi plc

1 History

• 1897 — Guglielmo Marconi founded the Wireless Telegraph and Signal Company
• 1900 — Renamed to Marconi's Wireless Telegraph Company
• 1946 — Marconi's Wireless Telegraph Company taken over by the English Electric
• 1968 — English Electric merges with the General Electric Company ( GEC, not to be confused with GE)
• 1999 — GEC acquires RELTEC Corporation.
• 1999 — GEC acquires FORE Systems, a major network equipment manufacturer.
• 1999 — After a period of restructuring, during which the Marconi defence business is sold to British Aerospace, GEC renames itself Marconi Plc.
• May 2002 — The company announces a loss of £5.7bn, the biggest in BritishThe United Kingdom of Great Britain and Northern Ireland is a state in Western Europe, usually known simply as the United Kingdom the UK Britain or less accurately as Great Britain . The UK was formed by a series of Acts of Union which united the formerly corporate history. Under Chief Executive George Simpson (Lord Simpson) and Finance Director John Mayo, in a strategy rendered disastrous by the severe downturn in the global market for telecoms equipment, the company had made a series of acquisitions and shed "incompatible" parts of the business. Simpson and Mayo left the company in disgrace in late 20012001 is a common year starting on Monday (see link for calendar), and also: The International Year of the Volunteer The United Nations Year of Dialogue Among Civilizations Events January January 1 A black monolith measuring approximately nine feet tall ap.

2 Notes

There are many companies that have Marconi in their name. This is mainly due to various diversification and consolidation over the history of the group. For example, several defense industry partnerships bearing the name "Marconi" are no longer associated with Marconi PLC following GEC's sale of its defense interests and merging of its communications groups to form Marconi Communications before the group's evolution to Marconi PLC.

3 See also

• Marconi Electronic SystemsMarconi Electronic Systems was a division of The General Electric Company plc (GEC) of UK. It was demerged from GEC and merged with British Aerospace in 1999 to form BAE SYSTEMS. GEC was renamed Marconi plc in 1999.

4 External link

• Company website