Avaya’s Jim Chirico CEO outlines a focus on emerging technologies.
“Over the past 12 months, we’ve been in this Chapter 11 process, we were a heavily leveraged company, we had over six billion in debt, we were making significant interest payments quarter-on-quarter.
It’s very hard when you have a debt structure of $6.1 billion to be able to have the flexibility, the freedom, to invest in technologies of the future; frankly, to invest in delivering solutions that our customers require,” he said.
One of the reasons for Avaya’s bankruptcy was to avoid paying Continuant Communications a 60 million dollar verdict. Avaya, always playing it dirty.