It has been a year since DW and George Sloan set in front of us and declared that we are getting out the HW business because it is the right thing to do. George went on to declare that we are turning over any HW development to a company called Ennoconn which he gleefully said is owned by Foxconn who makes cell phones and the transition would be completed by December of 2024.
What they did not say is that at that time Ennoconn had absolutely no presence here in the US when the announcement was made, not a single office except for some guy working out of his apartment in California. That is it…
So fast forward to today, Ennoconn supposedly now has leased a building here in the US and is working to get it set up to begin handling all of the HW business here in the US for NCR. According to sockless Jim, the work was supposed to be done by July, then August, then September, and now it looks more like sometime next year…so much for our wonderful leadership knowing what they are talking about. Of course, they have proven time and time again that they are clueless so this comes as no surprise.
This talk of moving out of hardware has cost NCR $$ Millions in lost revenue due to customers going elsewhere along with higher costs to design, buy, build, test, and sell the HW. It has also cost thousands of jobs too which is still happening.
Forget tariffs, the leadership of this company has redced the revenue and increased the costs of our products themselves which is a huge reason for that layoffs – just as our man Georgieee said it in the last all hands - we spend more than we make!!
Here is an example – the GHQ had a lab constructed in the basement of the building to test the HW we designed. The tests included emissions testing, and other environmental and safety tests. So, the bright idea by our leadership was to dismantle this testing lab and outsource the testing.
So, testing that would have cost thousands of dollars now costs HUNDREDS of thousands of dollars for the same testing. And what of the lab itself, it has been dismantled and is sitting somewhere and, along with the space where it used to be, is not being used at all....great job guys!!
Wonder why there is no money for raises or bonuses – well there is one reason for sure.
So, while we wait for Ennoconn to officially take over the HW role, we lose $$ Millions as our diminutive CFO puts it, because of HW revenue losses - but what he is not admitting is these losses are directly the result of poor decisions made by the past and current NCR leadership.
But hey, instead of $$ we got Pride so let us celebrate with a parade.
Pride - where the men are men and so are the women!!