Avaya, the company that acquired many of Nortel’s assets when that tech giant went bankrupt, has itself declared Chapter 11. “Avaya has gone down this path to formally restructure its balance sheet so that it can better position itself in the long term, according to the vendor. The company got to this point from taking on debt after major acquisitions in the last decade highlighted by the Nortel deal,” reports Computer Dealer News.
Category: Hawaii Government
Hawaii: Obama’s birthplace and refuge
Hawaii was never Barack Obama’s political stomping grounds – that was Chicago. But his childhood in the Aloha State helped fashion his worldview, and instilled in him the need to sometimes look at unfolding events, and himself, with a bit of distance.