Avaya’s Enterprise Deal Clears Hurdles

So I hear the deal is for all employees who make the switch over that Avaya will pay out full severances. Which means that everyone will have received a full legal severance except anybody laid off between January and October 2009, and they are unsecured creditors.

There is something fundamentally unfair about the handling of severances through this fiasco.

Hey, I heard many of the regional VP's are going to a new company where they needed to be many years ago ---> HELL, INC. Hey, goto "HELL" and do not pass GO!

Hackney has his own anthem.

http://www.youtube.com/watch?v=ZclddLcOYYA

Nortel's in the middle
http://www.tube8.com/hardcore/brunette-babe-fucking/184031/

One step closer to another AVAYA aquistion disaster. Quite ubiquitous really if you pardon the pun.

there was so much hype from Morin and co that there were several interested parties in MEN. kind of sucks to only see one bid and no others except rumors.

Morin is a master spin doctor but this is something he cannot spin. The market will determine what MEN is worth at the auction. No amount of PR or other crap is going change things. Its time to get real and I am sure it makes Morin uncomfortable.

wonder who will survive then as both Ciena and NT. too many managers.

Well....we know that Hack will survive! Got to maintain that top tier leadership!

The closing date for the Enterprise sale to Avaya has been delayed from Dec 4th unitl Dec 18th.

The closing date for the Enterprise sale to Avaya has been delayed from Dec 4th unitl Dec 18th.

..

HP Just bougt 3Com for 3.1BN, WTF.

How did they not buy Nortel... for not much more they would have got the lot, giving them time to spin off the carrier bits when the market improved.

Strangler & Z messed up again... the Shareholders lose...

Are you saying they 'messed up' because HP didn't buy Nortel Enterprise?
How can that make sense? It's on offer, and HP has to want to buy it. It's not like Nortel can control who wants it. It is what it is.

'Shareholders lose' EH? Shareholders lost already, they are getting nothing regardless of deals done. Do you mean the creditors?

NT messed up because a sale to HP could have been brokered before Nortel went C11. Thats the problem when you have second rate Ops guys running a company.

NT messed the sale up the same way they messed up the approach to the Canadian Govt for a bail out.

Why would anyone by 3Com over NT. Maybe NT Mgmt & ego's turned off HP.

You really don't get it Random, 3Com shares shot up today as would have Nortels.

NT was a much better deal than 3Com. 3Com is almost a nobody in enterprise.

You are right , I don't get it... sorry!

When were HP ever interested in buying Nortel Enterprise? You say a sale could have been brokered before Chapter 11. Did HP really want to buy it, back then??

Cisco and Microsoft also weren't interested in buying it. So how is this any different? The purchase HP has made seems to have nothing at all to do with Nortel. They weren't even considering buying Nortel instead of 3Com, were they? Surely Nortel enterprise wasn't even in the running?

If HP wanted to buy it, and then these Nortel guys did something to change their minds, then I'd understand your point.

And why would Nortel's shares 'shoot up'? *No* shareholder is going to get *any* proceeds from these Nortel unit sales. I'd expect the *bonds* to up go in value with a good sale, sure. But why the shares???

Nortel shares are worthless as you point out.

Peter says to sell them for a profit!

Thats what happens when companies buy other companies, the shares go up;

"Late Wednesday, Hewlett-Packard /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 49.88, -0.12, -0.24%) announced the deal, valuing 3Com /quotes/comstock/15*!coms/quotes/nls/coms (COMS 7.48, +1.79, +31.46%) at $7.90 a share, to add a storied tech franchise to its arsenal and taking direct aim at Cisco Systems Inc."


Up 31% today. HP were in the picture for Nortel at one stage.

Mike Z just called and said to buy NORTEL!!!!!!!