Profiting from Avaya purchase?

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Profiting from Avaya purchase?

Postby deke » Sat Dec 02, 2017 3:10 pm

Seems Extreme Networks at least thinks they'll profit from their purchase of Avaya's networking assets:
https://www.investors.com/research/the-new-america/this-casualty-of-dot-com-era-may-have-figured-out-how-to-win/

(Trust me, I'm NOT pimping the stock of Extreme Networks!)
deke
 
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Re: Profiting from Avaya purchase?

Postby Dave » Sat Dec 02, 2017 3:38 pm

I wouldn't be surprised if Extreme can profit from the purchase.

Avaya has been known to give away assets. They sold the old factory building (in Denver) and a ton of land for something like 9 million. That was enough to cover 9 days of their debt payments! That was so ridiculously low that I wouldn't be surprised if there were kickbacks to someone involved in the sale.

They then sold the R & D building for $90 million to Digital Globe and moved the Denver R & D employees into a shit hole of a building (old A T & T switch building which had been vacant for over 10 years). That $90 million covered 90 days of debt payments.

Avaya should have declared bankruptcy years ago and held on to their assets.
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Re: Profiting from Avaya purchase?

Postby Devalle » Thu Jan 11, 2018 11:28 am

Business decisions from hell. Everything about all this is so wrong it's unbelievable.
Devalle
 
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