Thread regarding Open Text Corp. layoffs

I knew two people that bet on this sort of thing with Lucent. After I was laid off, I had a friend ask me what I thought about buying Lucent stock after they 'merged' with Alcatel or thereabouts. I told him it was a waste, that the same circus act was still running the show. He bought anyway and was stunned that he lost bucks. I told him so at the time.

The other one was funnier. I had a coworker who was 56 at the time. He did the smart thing and sold his Lucent stock at it's high ($80?) and stuffed the money his 401k. When the price sagged to $30, he moved a ton of money from his 401k to the Employee stock purchase plan part of the 401 and watched as the price sagged all the way down to a few dollars. Wiped himself out financially. Lucky for him, he was part of the LU pension plan that was no longer available to us little people.

The lesson here is that the same clown troupe is running the show here. They aren't a bull clown like Mark++, but they aren't as cunning. Don't waste your money.

I support a line of products here that aren't long for this world. They do nothing that you couldn't do with AI with a few easy commands. Matter of fact, one of them reaches out to Gemini to do just that. Why would you pay us to front end, or middleware that? I'm sure they aren't the only products like that either.

@ak agreed, the stock is performing well and it's heading up from here

Just made a new 52 week low, stock price speaks for itself, the positive comment trolls can say all they want but open your eyes and look stock performance and lack of business units being sold off. Not painting a pretty picture.

@ae the post is completely incorrect, he says the sector is doing well, that's nonsense. Look at service now

Cracked through the 52 week low (again). The debt is an anchor. There’s been very little info to the market on a formal pay down plan. The inability to sell off business units is becoming an alarm bell. Could OT actually default on the debt when it is due a few years from now?

One of the best, most on-point posts I’ve seen here. Unfortunately, nobody in the C-suite will understand what you are saying.

@aa yep, agreed, it's holding up well and poised to recover

@OP, currently at $20.05 and dropping.

Teens, here we come!!!

@a8 very solid at present actually, holding up well

@a5 the stock is sh-t. Down 60% from ATH. Company is loaded with debt and no revenue growth.

The stock is actually doing well