Stock getting crushed. You cannot WFR your way to increased revenue.
15 replies (most recent on top)
There is no sane captain out there who would buy a boat when they can see water pi$$ing in from all sides!
1st Mike's dad should have pulled out too. The company wouldn't be so corrupt I would say.
Atos pulling out is bad news....
- for those in DXC wanting WFR now.
No problemo, just another 6 months to wait until the WFR boat comes round again
Two solid facts here :
1) Ten billion wasn't enough for dxc. It was an utter low ball and no way was anyone going to accept that.
2) it would have resulted in disaster. Disaster for atos and disaster for tens of thousands of employees on both sides of the merger.
Let's all just breathe a sigh of relief this temporary madness is gone for now.
This will go down in DXC history as a Yahoo/Microsoft missed merger opportunity. Offered $45 billion from Microsoft, settled for $4.4 billion with Verizon. They too thought they were under-valued. Brilliant work!
"Was hoping ATOS would give this dying company a new lease of life. Looks like they have abandoned us and we will continue our downward spiral"
ATOS isn't doing too well either ...
Lucky escape for Atos and Mike V2 will use smoke n' mirrors to hide bad figures and press this Thursday and likely Wall St and Dxc's investors will eat the ^%%^%^
mikey v2 better have a few rabbits to pull out of the hat when he discusses the Q3 results with analysts on Thursday, otherwise the search for mikey v3 will begin ...
Bloomberg report suggests that ATOS investors cheered the decision to walk away from DXC and as a result the ATOS share price soars and the DXC one drops. Yet DXC press release says that they rejected the bid and are content to muddle along on the 'Transformation' journey. The amount of political type spin coming from DXC PR is sickening really. Was hoping ATOS would give this dying company a new lease of life. Looks like they have abandoned us and we will continue our downward spiral
DXC are pushing the line they rejected the offer as it undervalued the company
The markets seem to disagree - DXC down 10+ % ATOS up 7.5% to a 9 month high
https://www.zdnet.com/article/atos-abandons-plans-to-scoop-up-dxc-technology/
https://www.bloomberg.com/news/articles/2021-02-01/atos-is-said-to-plan-to-walk-from-deal-to-buy-dxc-technology
They were offering 40% premium above 6 billion dollars and they didn't take it 10 billion dollars does that make any sense recently the company was valued at $3 billion
https://www.businesswire.com/news/home/20210201005977/en/DXC-Technology-Statement
DXC keeps EDS Ito and will try to buy IBM Ito spin-off... This is what Sally knows
There's no realistic American alternative to Accenture Ito
DXC is unique in a dying business
And platform excellent needs to be run by a software leader I don't know why they don't spin out that business but who would want it
If only WallStreetBets would pick up DXC stock... but alas even they know sh!t when they see it.
Nope but you can WFR your way to your fat exec bonus. DXC shrinking to greatness?