Gimmick . Can’t deliver product so smoke and mirrors for Q2.
12 replies (most recent on top)
Wondering how this will affect retirement payments. I retired from HW last August.
The company is moving to its Aunt’s place for the summer, it is a joke of a move
We are a tech company..... well most of our tech that makes any margin is just Aero business routed through HCE to make it look good.... but wow we are shaping the future... as we bleed people to better more innovative less top heavy companies while we choke on our own lies. Anyone who thinks HON is a tech company should read an excellent article WSJ did about GE and their pivot to becoming an industrial technology company. You will see exactly what is going on. When you can no longer do the simple things well there is no way in he-l you can do the hard things, and in the tech space we are up against the best and brightest, meanwhile our leadership is focused on being the greediest and most dictatorial.
"Eventually, Honeywell wants to become to the industrial industry what SAP (SAP. Germany) has become for employees filing expense reports or Salesforce.com (CRM) has become for employees mining for new sales leads."
Aerospace products are not in that future.
NASDAQ = Tech stocks. DA thinks the perception will help the stock price. That is all he is trying to do, smoke and mirrors, some stories, trick others into thinking what we aren't. Still no idea what software Honeywell is selling.
"The surprise move is all about perception..."
"The news might be a blow to NYSE, owned by Intercontinental Exchange (ticker: ICE). Honeywell International (HON) just celebrated 100 years of trading on the big board. It’s a coup for Nasdaq (NDAQ), though. And the switch is happening because Honeywell wants to be seen as a tech company."
"“Honeywell is the world’s premier software-industrial company, shaping the future of technology and sustainability,” said CEO Darius Adamczyk in a statement. “Nasdaq’s long tradition of listing category-defining technology companies aligns well with Honeywell’s cutting-edge technology and sustainability portfolio.”"
https://www.barrons.com/articles/honeywell-drops-a-stock-listing-bombshell-51619791737
My limited understanding is that NYSE has stricter requirements and NASDAQ has less. This more volatile. But then, maybe I am wrong as has been so much in my life including joining Honeywell.
Coincides with "we are tech" and "we are woke" also coincides with "No more US citizens" and "if you are white or male, you are out", Nasdaq is the right place for HON
I don’t know whether to be embarrassed, scared, or both?
People buying QQQ will be forced to buy HON. People selling QQQ will be forced to sell HON. The problem with dummyus scheme is QQQ is at all time highs.
In my opinion, there is something behind this move. From my understanding of exchanges and public companies... Rarely and company moves to another exchange voluntarily, most of the time they are requested/told to move due to not meeting requirements and NYSE has stringent requirements....
Not a gimmick. The HCE team is generating higher margins.
This is just another warning bell that anyone who designs anything physical or assembles any physical product is simply not wanted inside Honeywell. If you are not a software engineer working in a low cost region your clock is ticking. All of Honeywell investment for the foreseeable future will be toward software creation in Asia.