Wednesday, February 14, 2007

Avaya Announces $500 Million Stock Repurchase Plan

Avaya's board of directors authorized a new share repurchase plan of up to $500 million over the next two years.

"This plan underscores Avaya's financial strength," said Caroline Dorsa, chief financial officer, Avaya. "Our share repurchases represent an excellent opportunity to enhance shareholder value over the long-term."