Thread regarding CGG Veritas layoffs

Net loss

Net loss of $61M for the yr. Not the result promised ...

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Post ID: @OP+13Ql4KIM

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Shearwater GeoServices Holding AS (Shearwater) has today completed the strategic vessel transaction with CGG, including the takeover of five high-end seismic vessels, and the five-year capacity agreement for marine seismic acquisition services between Shearwater and CGG became effective. Preparations for the joint creation of a new streamer technology company continues with expected completion in the first half of 2020.

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Post ID: @2shm+13Ql4KIM

share price has plummeted $30 from this time last year.
the situation is not helped by bp and exxon signing contracts with amazon to process huge datasets.

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Post ID: @egv+13Ql4KIM

Yeah, doesn't look good. Also saw this note: "Multi-Physics acquisition: Memorandum of Understanding signed early February."

Anyone know who?

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Post ID: @jph+13Ql4KIM

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