With service max moved out the office in San Ramon is a ghost town. Guess that’s what happens when you over hire, then fire immediately and buy and sell companies immediately. Wonder when Larry will finally pull the plug on the west coast office and tell these people to move or find new employers.
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ServiceMax bought for $915M (See newswires) and then later sold 90% for $400M (It's in the Annual Report) after investing millions.
WTF?
MUCH LESS than we paid. Corporate wrote it down included in the $23B impairment. They are on the SFDC platform and SalesForce concluded it's fairly easy to kill them with their own equivalent Application.
How much monies did Service Max get sold for?
What happened to the big Digital Industrial?
No more Predix? Didn't we bet the far on that one?
And poor Owen. His parents will be disappointed:
https://www.ispot.tv/ad/AVhu/general-electric-whats-the-matter-with-owen-hammer
San Ramon needs to be shut down for both GED and BHGE Digital. It never made any sense to have those offices in the first place
IMO there are still guys sitting around who got promoted to a top engineering leadership position in Predix with no experience in leading a product or business. Constantly trying out new technologies with no business productivity as they are just engineers. Until the c-ap is fired it is a drain in SR