Avaya is doing just that, trying to live off its old glory. In the meantime, the company is increasingly stuck in the past thanks to a leadership that has no vision.
Where has all the innovation gone? Where are the innovative solutions? I would feel very embarrassed if I were the leader of this company.
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They should have sold 5 to 10 years ago, but greedy C suite only cared about bloated pay and nothing about investors. There are very few employees that have the knowledge to compete in the non Avaya world. I say that as someone who has direct knowledge. It's been a dog and pony show since the vultures did the leveraged buyout and created this continuing debt bo-b.
I dont think avaya will survive this time, numerous lawsuits from investors, lawsuits from creditors, delisting started by new york stock exchange due to not filing 10q report, another delisting letter will be sent in a few weeks because stock is below $1 for a month. . Sec will be investigating soon because of whistle blower. Creditors will not invest, avaya runs out of cash, chapter 11 will be filed. Investors will demand money back, avaya will have to liquidate assets . No more company...
I think Avaya's has a lot more on their plate than vision and innovation. They have some pretty serious legal and financial storms to weather.