Alcatel-Lucent 1947, John Bardeen, Walter Brattain, William Shockley of Bell Labs invented the transistor. In 1956, they received a Nobel Prize for their invention. The transistor led to an electronics revolution during the post-war boom. The transition from vacuum tubes to transistors enabled all technologies to be built on a smaller scale and use less electricity. Items that before required large dedicated spaces, could now fit into a home or even on a kitchen counter. In 1954, Gerald Pearson, Darryl Chapin and Calvin Fuller invented the solar cell. Telstar, the first active communications satellite also developed by Bell Labs and launched
Nobel Foundation in Paris on 27 November 1895. Nobel bequeathed 94% of his total assets, 31 million Swedish "kronor", to establish and endow the five Nobel Prizes. (As of 2008 that equates to 186 million US dollars.) The executors of his will were Ragnar Sohlman and Rudolf Lilljequist who formed the Nobel Foundation to take care of Nobel's fortune and organize the prizes. Although Nobel's will established the prizes, his plan was incomplete and, because of various other hurdles, it took five years before the Nobel Foundation could be established and the first prizes could be awarded on 10 December 1901 to,