With the new platform delayed by years, bangalore development slashed to a third, and ADT making boat-loads of money off of RESIDEO'S new platform, the board must be considering a split and sell later this year. If not, how will the business survive?
Do we have the right leadership in the security business, considering how we allowed ADT to walk away with our new platform AND working firmware? Meanwhile, we can't replicate what we did for ADT and get the firmware to work again for the general market??????????? ADT was launched nearly 2 years ago!!!! How dumb does that sound?? So now, they finally "got smart" and put the adt team on the general market platform team when the previous team was practically at the finish line. This new team, and of course the gm, will become the saviors of the business and will be rewarded, given bonuses, sent on vacations, etc. in typical Honeywell culture fashion. Can't blame the adt team though. It all stems from decisions made by leadership in NY. Coming from an outsider of the security business looking in... the issues seam pretty clear to me. This biz needs an overhaul before $1B disappears. Maybe the new presi can save it.