DXC will break 25.00 now. Guaranteed. This may run lower and actually break 20.00 and BOTTOM OUT there. Management does not have a clue how complex an organization really is until they Muck it up and continue to Muck it up over a period of time. It takes years for a company to prosper and with continued internal and external negativity the impact take it down quicker.
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I worked for EDS and was over the moon to have been WFR'd by Lorrie. I drove out with a payout and Mikey obtained a bonus for my scalp. Very happy to no longer work at DXC.
There will be no appeal because it is binding arbitration (meaning both sides have to respect the decision). https://seekingalpha.com/news/3492910-dxc-gets-666m-hpe-arbitration-ruling
Look on the Reg for a recent article about how DXC won a court case for $600m (which you know will be appealed) and you'll see who decided to not sign the contract
The big $400m contract our former CEO promised Wall Street this quarter (the one that was supposed to be signed last quarter) is dead. Guess that's what happens when you sue your clients. The stock is going to tank after the earnings call.