And it keeps dropping.
This is glorious.
11 replies (most recent on top)
It’s simple, we need to make products customers want and keep investing in them to keep them current. Nothing is less valuable than old tech. We need to spend money to make money.
The only thing that could save OT would be to have a Le----n Soccer player soeak at a sales kickoff.....oh, wait! That's already been tried.
You're correct. It's over.
And it's all Mark B's fault! He will be blamed in MBA classes in years to come.
Him and Stephen Murdoch were the worst possible leaders that could have been in charge of both MF and OT.
Their arrogance, narcissism and hubris ki-led each company!
One was a Scottish Napoleon. The other was a blubber ridden queen. Both failed!
My guess is the remaining company with core products will eventually go private or be sold.
It is a reset of the OT valuation that will stop and grow again one day, once the company has shed all of its excess weight, re-centered around a core market (as opposed to chasing 20 markets on which it stands no chance to be competitive), and has a market cap that will be noticeably smaller but leave room for growth. Could take a couple of years and the company might even go private at some point (PE buyout). Until then, it's going to keep going down.
All tech is going down, however only good companies will rebound, the rest will stay in the cellar. Other than getting a dividend, why would anyone buy OTEX?
@a5 I hope its only 10%
@as everyone is down. Sap is down 70b in market cap in one year.
Investors are finally seeing what employees have known for years. They ruin any companies and products they acquired in the past. Employees are praying their product is sold off so they can finally rid themselves of this horrible company. In other words, any acquisition by another company is better than working for Opentext.
Get ready for the teens. Reminds me of working for Lucent 25 years ago.
The layoff this year gonna go crazy
Here goes another 10% of our workforce.