“Furthermore,” This Could be the End for Investors, Says Avaya, the Lucent Spinoff. Shares & Bonds Collapse Five Years after it Emerged from Bankruptcy

This isn’t a recent IPO or SPAC-merger creature that is now collapsing, but a storied telecom, software, and services company that has become a Wall Street enrichment device at investor expense time after time over the past 20-plus years. Avaya was spun off by telecom equipment giant Lucent Technologies at the end of the dotcom...