When is the SEC going to open their eyes and take these clowns to jail? We are forced to enter invalid "leads" into SalesForce so they can report 100 new logo's added to pipe on a earnings call. It is a flat out lie, when are they doing to open their eyes?
Posting because I hope someone somewhere with some power reads this page
8 replies (most recent on top)
There are zero new logos. In my region we have lost many but net gain is still a donut. What I heard is that anyone who does a free vantage trial is considered a new customer. They don't spend a cent on the free trial but they are calling it a new logo.
The last post is what’s funny. Officers have a fiduciary duty to communicate accurate information, especially on a recorded earnings call. And to think “just a warning” is ok. This mentality is why nobody trusts TDC.
This is funny. Lot's of opportunities to lay criticism, but this post is incorrect. No where in the financial statements is pipeline listed... And financial guidance given during earnings calls is the most material information shared. It's up to "management judgement" on assessing pipeline strength and not something that the SEC is going to bother with...
At most, there would be a warning memo if anything...
Even their dishonesty is a joke. Teradata used to talk about winning 100 new customers a year, now they talk about adding a bogus 100 new opps to the pipeline which means absolutely nothing. SM talks about doubling the new customer wins without giving a baseline number. That could mean going from 1 to 2 and the financial analysts don't even question that? These are basically like "Marketing Qualified Leads" which is an oxymoron for a bunch of mo--ns. The analysts did not even ask for a historical conversion rate. At least the stock price is reflecting the ineptitude. It is lower than the IPO price in 2007.
If this serious allegations are true, then I have to start job hunting. I don’t feel safe here anymore.
Here you go :
https://www.sec.gov/files/formtcr.pdf
So, be a whistleblower.
Did you submit a tip to the SEC?