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#607275 - 01/19/17 10:46 PM Avaya Files Chapter 11.  
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dexman Online content
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I received an Email from IAUG stating that Avaya has filed for Chapter 11. frown

Google will likely have links to general news coverage.


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eBay 5 this slot is for sale at $289
#607292 - 01/20/17 04:48 PM Re: Avaya Files Chapter 11. [Re: dexman]  
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For those not inclined to use an Internet search here's a link: http://uc3.co/2017/01/avaya-bankruptcy-a-new-dawn-or-the-beginning-of-the-end/

#607296 - 01/20/17 06:15 PM Re: Avaya Files Chapter 11. [Re: dexman]  
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#607724 - 02/08/17 11:12 PM Re: Avaya Files Chapter 11. [Re: dexman]  
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It now appears the pension plan is 1.2 Billion under funded

#607727 - 02/09/17 03:49 AM Re: Avaya Files Chapter 11. [Re: dexman]  
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Probably the same guys who designed the cover for the new Partner 5 slot carrier. About 1-1/2 inches too short. aok

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#608490 - 03/03/17 11:31 PM Re: Avaya Files Chapter 11. [Re: dexman]  
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Hal.
That's why most covers are on the floor .
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#612220 - 08/26/17 06:50 AM Re: Avaya Files Chapter 11. [Re: dexman]  
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Wow, I thought my pension plan was under funded


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#612223 - 08/26/17 02:15 PM Re: Avaya Files Chapter 11. [Re: dexman]  
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Soon to be the NEW Avaya . Bye bye hardware

#612232 - 08/27/17 03:42 AM Re: Avaya Files Chapter 11. [Re: dexman]  
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hbiss Online content
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Shhhh. That's our little secret.

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CALIFORNIA PROPOSITION 65 WARNING: Some comments made by me are known to the State of California to cause irreversible brain damage and serious mental disorders leading to confinement.
#612282 - 08/30/17 03:49 PM Re: Avaya Files Chapter 11. [Re: dexman]  
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Or not.
I seem to remember a conversation where Hal said i was drinking the Avaya coolaid, and avaya was going to fizzle away. With that proclamation wrong, we go back to the hardware discussion.

Oh, and according to the filings, the pension will get the 1.2 billion back and fully fund 1 pension, and worst case, the second will get 95% funded...

But that is our little secret.

#613793 - 11/01/17 02:01 AM Re: Avaya Files Chapter 11. [Re: dexman]  
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As they try to come out of chapter 11, what will the new Avaya look like .

How will they get funding to move on.

Last edited by hitechcomm; 11/01/17 02:03 AM.
#613805 - 11/01/17 03:23 PM Re: Avaya Files Chapter 11. [Re: dexman]  
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Nov 28 is the vote for all creditors, which was supposed to be the 18th, but judge allowed them more time for whatever stuff.
Avaya has the majority of the creditors approval for the new "plan" on exit...

At the same time, Avaya will be a public company. First privately traded, then in Feb or so, publicly traded.
And, if not enough going on, effective Oct 1, Avaya has a new CEO. Now, those of us that had known the previous CEO (Kevin Kennedy) just about broke our hands clapping for that announcement. Kevin had a bloated executive council, not worthy of being a part of a public company, and hence, the new CEO (Jim Chirrico) removed most of the seats (12 Executive Council members) down to 6.

The new CEO is an operations guy. Hire the technologists to steer the company, while the CEO makes it less difficult to do business with.

Time will tell, but i think the outlook is positive.
Avaya has published the numbers since being taken private. If you look at the numbers over the last year, there was NOT a massive drop that one would usually associate with CH11. Fiscal Q3 (March) had such revenue that the creditors complained, thus drawing out the CH11 process this long.

#614624 - 12/06/17 08:22 PM Re: Avaya Files Chapter 11. [Re: dexman]  
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So, thoughts on the fact that:
1) Avaya exits CH11
2) Avaya exits CH11 as a public company


Curious to hear other peoples input....

https://www.avaya.com/en/about-avaya/newsroom/news-releases/2017/pr-us-171128/

Last edited by mongo5150; 12/06/17 08:23 PM.

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