Company was able to make some money and pay it's debts.
18 replies (most recent on top)
Please don’t listen to the gloom from Austin.
As long as we can layoff people and pay the new leadership from FLIR we are good. Money from the sales of the Honeywell made devices should continue to fund our board and the FLIR underling brought in to cash in.
Then it is a sale if the pieces.
You must be stupid to think the cuts will stop m. All of the cuts helped make these Q3 numbers
Please. 0 layoff for software , security per decision of Alice : 27
MattmyAss in Comfort 30
Not much as you can see
@OP... Is this what you mean by "we're good" (see article and quote below)? I guess we could try to squeeze another year out of this but the risk of layoff is very high. They are going to cut cost down to the bone to continue to make the numbers look good. By doing so, we will create nothing new and exciting. Safest place to be right now is probably hardware or software maintenance to help keep the lights on.
https://www.securitysales.com/automation/adt-google-platform-details-q3/
"Originally planned to not roll out until mid 2022, ADT has announced it will accelerate the release of its new ADT + Google do-it-for-me professionally installed system to the second half of 2021, a full year earlier than originally planned.
The new platform will feature co-branding with Google, integrated Google Maps products, Nest cameras and thermostats, and Google video analytics, according to Jim DeVries, president and CEO of ADT, and will leverage ADT’s existing Command & Control platform until the end of 2022."
Careful. I think they are still mourning their fuhrer in Melville.
I remember people saying they were going to “drain the swamp” and ended up making the swap larger and deeper. Rezi is following the pattern
@1itm
Correct, but the new crew is draining the corporation faster than moobs and the previous one. High salaries and perks are out of control for those guys. So it is going to be worse ... we are a magnet to con people. Will take time to eject them but if we leave them they will sink us deeper
Making money has never stopped this company from laying people off.
We should all feel good about the short term bounce, but for those of us that are employees and investors we are at about 60% of the market cap at the spin. We have benefited from some market conditions that have been created by the pandemic and the 3G sunset, but let's not get complacent and celebrate too much. We have still lost business to our competition and unless we can start winning that business back, this celebration will be short lived. Let's get back to work!!
Thankfully Phil fired Sash, scared Datta into running away having done nothing, and put down the arrogant VPGMs
So what if he brings all his fired friends? Rezi has enough money to give them money. We will cut some people and it will work out
I don’t know about the HON guy that was fired for drinking... Sublet of the FLIR party? Will be ejected once he fixes everything... he has a plan he invented!!!
The former president did the work, the arrogant Phil takes the money to the bank. Roger rabbit takes a nap while once again cronyism rules
Yes!!! More money to shared with the new team
Let the plundering start.... that’s why they came!
Let’s remember that those numbers happened because of sach....
now to Phil, Jay and Ted $$$$
Covid will save us for a couple of more quarters. What after that? People don't need us once they stop WFH.
We can't hold on to these revenue numbers after that
Honeywell kept Aerospace, Building Solutions and Specialty Materials focused on oil/gas industries and spun off businesses focused on home improvement. Dariass is a genius!
I'm not encouraged by the words "ongoing transformation and cost reduction programs". Haven't we transformed enough?
excellent earnings call! Looking really good.
Yup!
Incredible earnings release for Q3, so hopefully we are on a good trajectory from here!!