Are we rising up together? Vic, Oliver, Mark, Martin are losers!
7 replies (most recent on top)
Numbers are very bad and Teradata clearly loosing market share to competitors. Commercial accounts strategy will decline revenues even more while somebody makes bonuses playing this game and taking over other people work.
Looking forward to the non-GAAP spin on that one!
If you multiply it by -2 it is a great positive outcome that reflects our shift to subscription based blah blah blah.
Or maybe it is about removing the complexity of having cash in the bank
Balance Sheet from Teradata.com
"Teradata ended the second quarter of 2019 with $635 million in cash. During the second quarter of 2019, Teradata repurchased 3.1 million shares of the Company’s common stock for approximately $117 million. Year-to-date, the company repurchased 4.3 million shares for approximately $175 million. At the end of the second quarter, Teradata had approximately 114.1 million shares outstanding."
DO THE MATH: in 1Q19 the 'management' bought at $48/share; so the net LOSS vs today at $30/share is $21,000,000.
In 2Q19 bought at $38/share; so the net LOSS vs today at $30/share is $24,800,000
Nice job especially for the board members that sold at $48/share.
The downward spiral continues until Q3 results, Right.....bahahahahahahahaha. I bet they don’t have a mitigation plan in place for this type of risk, except to sell. A bunch of clueless junior executives running this place
Data Deployment and Analytics so hot and Teradata so not. Ironic and sad. Burn baby burn. Wish I could say it is karma for treating so many people–long time loyal employees–like sh..
And no reason to think the $30 is the basement either. This place will be a HBR case study in years to come.
Hard to strip out market conditions with a share price that has collapsed so much in a year... 38%+.
It really is - quite sad.
- and it's hardly a career-enhancing proclamation for any of the leadership team.