|
Joined: May 2002
Posts: 4,295 Likes: 7
Moderator-Avaya, Polycom
|
Moderator-Avaya, Polycom
Joined: May 2002
Posts: 4,295 Likes: 7 |
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; 10/31/17 10:03 PM.
|
|
|
Visit Atcom to get started with your new business VoIP phone system ASAP
Turn up is quick, painless, and can often be done same day.
Let us show you how to do VoIP right, resulting in crystal clear call quality and easy-to-use features that make everyone happy!
Proudly serving Canada from coast to coast.
|
|
|
Joined: May 2004
Posts: 1,658 Likes: 4
Moderator-Avaya
|
Moderator-Avaya
Joined: May 2004
Posts: 1,658 Likes: 4 |
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.
|
|
|
Forums84
Topics94,262
Posts638,693
Members49,757
|
Most Online5,661 May 23rd, 2018
|
|
1 members (Curlycord),
111
guests, and
241
robots. |
Key:
Admin,
Global Mod,
Mod
|
|
|
|