After markets close tomorrow.
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Actually it is a $100M stocking horse bid by Extreme under Chapter 11. Other potential suitors can offer more $$ up to a June 30 deadline via an auction process. Sounds like Nortel all over again.
Kennedy just announce networking sale to Extreme for $100M --- end of the Bay Networks era
Any time now... as in hours or days or weeks? Heard it so many times before and now I'm just numb to it.
actually anytime now.....
Customers are very confident that Avaya will emerge from bankruptcy a stronger and more stable company. I believe this because KK says it's so. And of course he is a great leader and doesn't lie. What's really exciting is that we're only 50% below our target for Q2. So the coming furlough will only need to be 1-2 weeks in order for the EC to get their bonuses which are based on EBITDA.
I think this time it's really true. Heard it from a cafeteria worker at the Santa Clara office. Also saw it written on the bathroom wall in the EBC.
BS