So Wall Street expected earnings of $.72 per share, we ended up LOSING $.12 per share.....wow. Now stocks are tanking and we are supposed to tell customers what?
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Investors had good hope with the new CEO, but he is also a failure. It is going to become MiAvaya soon. Pack your luggage.
I sold all my Avaya stock. I have nothing left. Something is better than nothing and i can see this being another Lucent situation. Silver Lakes bought this company for what 7 or 8 billion and now we are worth under 2 billion . This has been a fail from the start. Lucent couldn't sell its voice division so they spun off Avaya into its own company because it was such a loser and along with the spinoff took a national union contract that owes pension money to tens of thousands. The company is insolvent and will soon be bankrupt again
Avaya Holdings Corp. [AVYA] stock is presenting a less attractive investment opportunity when compared to similarly-sized corporations in the same industry. The price performance of these shares has not shown much promise, and the financial results that this company has recently delivered present a highly risky investment.
I think that if they heire more teknisions and get back into the cat 3 wireing busness and cat 4 business and coax cable that will make Avaya more money and more profets. Also we should splice fiber with magnificationg glass and polish with sandpaper again thst was nice oveartime. I hesrd Disteeaubtion Techknicias may be hired again soon after Avaya goes bankrupt agean. Thats the rumor. I always thought Mitel was a toy company that made toys but i researched it on thr world wide web and the toy company is Mattell, two differeant businesses. So we aren't going into the toy business which makes me happy because i like to work with wires and kables.
Don't forget that's after cooking the books.