Reinvention” now means selling whatever still works.
Word around the water cooler: XMPie (the tool that is supposed to connect print with marketing) is being polished up for auction, and DocuShare, the zombie ECM that still brings in maintenance fees, is next on the block.
BTW - CareAR? It's worth less than the paper you write its name on.
Why sell?
Because the 10-Q reads like a garage-sale flyer:
• Cash ≈ $480 M
• Burn ≈ $250 M per quarter
• Runway ≈ two quarters before the lights dim
So the plan seems simple: sell the furniture (DocuShare, XMPie) and call it “portfolio optimization”.
“Reinvention”, in GAAP speak, is when asset liquidation (patents then, XMPie & DocuShare now) becomes your “growth” engine.