Thread regarding Avaya layoffs

The silence is deafening

Now that a week has passed since the supposed announcement about networking, it's clear that the stalking horse has been killed. Now what? The smart money is on a new suitor - most likely not a pure play networking company like Extreme. HP, EMC/Dell, Oracle, and IBM have all expressed interest in the past and at the low $ amount that Avaya Networking will likely fetch in a bidding war, it's almost negligible in the context of their revenues. Avaya brings tremendous value in their technology. Remember that during the Nortel breakup, Google, Apple, and others bid $4+ BILLION for the IP. What's left in the networking business still has tremendous value for companies that do not have such technology. A purchase for ~$200 million would tremendously accelerate development and reduce costs by providing a ready made portfolio, IP, and a development pipeline of world class products ready to go under their name. Watch closely as this unfolds over the next couple of months. In this type of asset sale, the bidding will conclude quickly once it starts - probably less than a week (in the Nortel case, very aggressive bidding by multiple companies happened over 4 days and then the winner was announced.) Of course there will also be many weeks of due diligence, regulatory approvals, financial audits, etc. which will push this whole thing out for 2-3 months. The goal now is to finalize everything before the end of Avaya's current fiscal year end.

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The announcement is basically a statement of an intent to purchase a particular asset at a particular price. The courts don't have to approve the announcement, per se, but they would have to approve the transaction when the bidding is complete.

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there are some idiots on this planet

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Since the company is under chapter 11 - if a deal is made for any divison in this case networking would the company need approval from the court to make the announcement public ? - the next court hearing is on march 3

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