The next chapter

dodgechargerfan

CanadianGary
Administrator
is 11.

While,this should all turn out positive in the long term, it's still a little unnerving when your company files for bankruptcy protection.

As things stand right now, I should be fine.
The filing is for the U.S. Company and some domestic subsidiaries only.
All of the operations in other countries are not included in the filing and don't need to be.

Operationally, the business is in excellent shape. It's old debt that's killing us.
Old debt based on an old business in which we are no longer operating (technically speaking).
A positive point would be that we were smart enough to transform rather than try to hang on to that old model.

Still, this latest move comes after failed attempts to make some deals that didn't seem to be great ideas in the first place. That's what worries me the most.
Hopefully they have a good plan in place and we get through it quickly. In the meantime, I'll have to spend more time explaining the business to my customer base than explaining technology. Yay.
 
I'd spend a little time making a worst case scenario plan in case the ripples of a bankruptcy filling make it to you. Hopefully you will never need the plan, but it is good to have. I have no experience in this, just preaching the be prepared message.
 
here's a cool car pic to make you feel better idn_smilie

draw.php
 
Good luck.

Avaya, right? edit: nvmd, that post above answers that question :wink:

Thanks.

Wow, mojo and I hope the impact doesn't spread to you. I have one of your phones on my desk.

Thanks.
They're telling us that it's business as usual.
There are plans to hire in the sales organisation globally, and that will continue as usual.
We have financing in place to get us through the process.....but no one is sure how long the process will take.
This purely a restructuring of the debt, not insolvency. If we sort it out, we'll come out much stronger because we're executing our business plan very well right now. If it weren't for that old debt, we'd be profitable and be in fantastic shape.

I guess if all goes as planned (as they tell it), it will have minimal impact. That said, there have been a lot of 'actions' on headcount in the last few months.

And I guess that plan is my biggest worry. If this is the best way forward, why did they try and sell off a division or two first?
 
That sucks but I can't imagine Avaya going completely under, they are too big in the market. I mean worst case they are bought by Cisco or something. Hopefully if they do get bought, you'll be fine.
 
That sucks but I can't imagine Avaya going completely under, they are too big in the market. I mean worst case they are bought by Cisco or something. Hopefully if they do get bought, you'll be fine.
You are the first non-Avaya person I have over heard say that.
Thank you.

There was a rumour that Cisco was poking around our network business. That's the business in which I work.
I don't think that will happen, but who knows.
That's a scary thought for me because they poached almost my entire team during the Nortel swirl.
I talked to the hiring manager there, but didn't jump. If they bought us, I'd be a little fish.
Right now, I'm on a smaller team with specialised skills.

I'm not too worried because our networking technology is leading the industry right now. That tech will go somewhere. I can go with it or I can go to a reseller that sells and supports that tech.
But the process and dealing with uncertainty with customers is a bear. We already have an uphill battle to win deals, and we keep putting teflon on the soles of our own shoes.
 
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