My pick is 2024 when Mikey2's numbers don't come through and the stock free falls.
The stock will stabilize between $5-7 (and DB will still be saying "hold") and the cycle will start again with Mikey3 and Steakcutter3 and what remains of the legacy EDS/CSC contracts.
Three years later the price will be pumped up to $20 before freefalling to sub $5.
Once it gets below $5, it'll struggle with cashflow and file for bankruptcy.
Buying the popcorn now
Salvino isn't a shutdown CEO. If he is he's playing a great poker face. He's a boy doing a mans job. No way he can save DXC
Just remember, that 130,000 was 180,000 after the merger. 50,000 individuals (families) laid off (excuse me “off boarded”) were in put in the worst of times. After 34 years with a handy amount of tools in my skill set , it didn’t matter. They brought in off shore resources for us to train to take our job, and they did. They purposely keyed on individuals in their mid 50’s, 30+ years of services, good salaries & push them out the door. And with out the door, the talent went as well. Difficult at that age to fine another job with type work as before, more like it is not found in the city you live. And on top of that to leave a city that you’ve invested more than half you’re life. Just so they can makes some numbers tell the investors to keep them happily with bs.
I hope it doesn't fold soon as there are 130,000 of us that would be out jobs and more importantly Health benefits. But yes its a sh-t company.
No, it will managed down to squit, the bones will be sold/merged/given and it will be celebrated a success! I lived through it before @ Novell, so was able to recognise the pattern and leave!
The focus on ITO services (the bread and butter of India GSI's) is so openly dense, many 'growth' CEO's will be in stitches. Did IBM cut out its ITO services group to grow? or was it removing a tumour?
There will always be a job for these 'close-down' CEO's, the trick is to recognise when your company is being led by one!