Thread regarding Avaya layoffs

There will be an announcement this week.

While Seeking Alpha contributors are frequently either crazy or at best, hyperbolic, the recent article is spot on. Absent solid progress towards paying down the upcoming debt, they definitely risk further devaluation and could find themselves in a forced bankruptcy situation. It is well known that they are negotiating with different potential acquirers and an announcement will be forthcoming - either before or in conjunction with the reporting on the 14th. This will demonstrate to the market that they are on track to deal with the debt and forestall any default actions.

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| 1411 views | | 1 reply (November 8, 2016) | Reply
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This is BS

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