The frauds at corporate did their best to hide the terrible 1Q results in the last earnings release. Hundreds of Millions spent of mergers, divestitures, layoffs, “synergies”, and the company can simply only point to EPS growth after buying back a lot of shares.
Behind the scenes, they are on the warpath blaming divisions for their failures. They fail to understand that the majority of employees outside of Melbourne absolutely hate working for this corporation. Until they take a step back and understand why that is the case, the company will continue to go down the gutter.
The new Agile Development Group that was formed was nothing more than a publicity stunt. In reality, they cut all IRAD funding from that group the day that it was announced to the public. Now key people are leaving in droves while corporate leadership only focuses on profits and cash flow . Can’t make this stuff up…