Avaya news: Will this Triangle tech firm go the way of Nortel?

RESEARCH TRIANGLE PARK – Avaya (NYSE: AVYA) was recently notified its stock doesn’t mean minimum price listing criteria by the NYSE. Now some analysts are raising questions about the company’s future.

So reports IT World Canada, the home of long bankrupt Nortel.

Says IT World Canada:

“Jon Arnold, the principal of J. Arnold & Associates, a Toronto-based independent research firm, said in a recent interview that the trajectory the Durham, N.C. organization is heading in is ‘very similar to how Nortel ended up – it’s really uncanny. It is not quite as negligent financially, but they certainly have big problems that are going to put them behind the eight ball.'”

Shares closed Tuesday at 19 cents.

Here’s the story: https://www.itworldcanada.com/article/will-avaya-end-up-going-the-way-of-nortel-analyst-says-it-could-happen/519945