I just took a peek at Avaya’s S-1 filing with the SEC.
To these admittedly non-financial eyes, this ain’t pretty.
We learn that this legacy PBX vendor, which had pinned its hopes on something called unified communications, ended its 2010 fiscal year last September with a net loss of over $800 million.
And it appears from their income performance for the first six months of 2011 that they are ahead of schedule: dripping red ink at the rate of $600 million.
On the balance sheet, they’ve accumulated around $6 billion in debt, a result of the pricey private equity buyout by Silver Lake and TPG in 2007 and then the purchase of Nortel’s Enterprise Solutions business in 2009.

I’ve been so focused on apps and trends outside of the office space that I thought I’d have a difficult time grokking the keynote speeches at Voicecon 2010.