Oct 1, 2007 NCR split off Teradata as a 1 for 1 split. At the time NCR was just short of 24$ per share. Today NCR closed at 25.31$. Teradata closed at 54.56$
Nuti was CEO at split, Hayford took over.
NCR has been stagnant for 16 years, Teradata has grown.
You be the judge.
Speaking of Cardtronics, I remember early in the year all merit raises were cancelled due to Pandemic, Mike sadly proclaimed due to weak market conditions no merits.
Then they announced a 2 billion dollar cash purchase of Cardtronics. No pidly raises for busting your bu-t, then they put billions to buying another company. SMH
The amount of debt NCR took on when buying Cardtronics has forced them into this split, the debt is what is fueling this split, and causing them to terminate employees who gave decades of their life’s to NCR in loyal service, NCR is nothing but toilet now that keeps getting flushed
NCR’s problems have been ongoing well before the current CEO came in. The culture has been cr-p for decades.
There’s no denying that Hayford has fallen far short of expectations as CEO. NCR consistently fails to meet S&P numbers, accumulating significant debt through acquisitions. It appears that the company is overstaffed in some areas and understaffed in others, while Hayford walks away with a generous golden parachute. Moreover, his track record includes several high-profile bad hires, contributing to a weak work culture at NCR. Considering NCR’s robust business, the stock should be performing much better. The injection of politics and ESG by NCR adds to their weaknesses, detracting from the company’s culture and becoming an organizational distraction.
Speaking of teradata, you may want to check this one out.
https://www.thelayoff.com/post/@OP+1mcImyHs
Which I did. Plus the AT&T stock when bought by them. Then the Lucent shares and Comcast shares when they split from AT&T. Have sold all but half of my NCR (waiting to see what happens after split up). Keeping Teradata long term.
My real question I forgot to include in Original post was who has been better, NCR “losers” or Teradata management?
The issue of dividends was brought up. NCR did pay quarterly dividends until AT&T bought us. After split off, greedy LT and board of directors wanted to line their pockets rather than reward the investors.
Don’t forget NCR employees got the 15% discount on the monthly average. That’s a lot if you decide to do the payroll deduction and held on to them for years.
Same to me. Both stocks stay around their respective same price. Neither pay a dividend. Ncr did do a 2 for 1 before spin-off. So really anyone holding shares prior to 2005 then add the extra shares they got with teradata spin off were the only Winners .
Damn back in 70’s and 80’s when I was a FE, we got $50 per day for on call if no call out. If call out got time and a half for minimum 2 hours and double for Sundays, triple if holiday.
That’s not the only thing stagnant. CE’s are leaving for similar competition paying $30 per hr…..walk in pay. How many CE’s are earning that kinda pay after 10-20+ years in NCR?
$15 per day on call? Been that way for over 20 years…..not even close to industry norm.
If there is any hope it’s that the spin offs offer competitive wages free from the legacy NCR and it’s cheap ways.