Thread regarding Sungard Availability Services layoffs

Don't forget the hedge fund crooks that did the leveraged buyout then took 10's of millions a year as 'management fee'.

From the Philly Inquirer. Those still working at 401, pleas be careful. I front of the new Philly Police headquarters as well.

Such crimes are not an anomaly in the Callowhill area around the police station, which sits next the school district’s administrative building. Police data shows at least four robberies and six aggravated as----ts were reported within a one-block radius over the last six months.

@1lek+1iE9f8dm - couldn't agree more. Poor management and poor decisions.

Macro economics matters. SungardAS failed multiple times to evaluate the market and make a move in ONE direction before the trend changed. Essentially, they wound up chasing the cloud market late and made mature products already in the industry return to infancy stage with their touch of sungard added in, failed to see the change in the model of the colocation and price accordingly to that effect all while living on their past glory of the good ole days of RS where there were the leader. Merely living on their brand while not doing anything productive (research and development, market studies, trend cycles, etc.) led to their eventual demise. That's where we're at ladies and gentlemen.

You didn't have to be a great salesman to make money at SunGard back in the day. They had a quasi monopoly and customers were standing in line to place orders for services. the industry changed, we didn't