by 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.