Can anyone explain why the stock price fell some 8% on Wednesday, following Salvino's departure announcement?
I'd have thought it would have risen, but then it maybe confirms that Wall Street has a warped perception of how this company has actually been run, and are concerned about a successor.
Because ultimately its a sh-t company, personally I hope it dies very soon, and I work for DXC! The best thing for all would be for this company to collapse, and the profitable parts sold on to a new company that might actually value staff.
Hey gang, Don't beat the dead horse - platform X-x. We have moved to AWS partnership now.
Likely end of the pikey2's share buy backs propping up the share price would have registered with wall st.
@xia+1qcO3SDA Word on the street is that the AI-infused Platform X has become sentient and told Shouty it was time to go.
previously reply got it spot on - Wall St suspects something bad is brewing hence the disorderly change - with no real candidate lined up to come in - look how fast Mikey 2 replaced Mikey 1 - this time we have a many months wait with potential bad news coming out until Mikey 3 arrives ... and this is where the next reply will be that "DXC should be run fully automated by AI-infused Platform X"
The announcement smells bad, it's not an orderly transition. There is no reason given for Salvino's departure and there is no successor appointed, only a couple of transition figures.