NCR has set a date for its Teradata spin-off.
Teradata will then trade under the ticker "TDC."
As an independent company Teradata should continue to perform well. You could argue that NCR's acquisition of Teradata was probably one of the better moves the company made. Mike Koehler, who will be Teradata’s CEO following the spin-off, said: "I thank the entire Teradata and NCR teams for the extraordinary efforts they have made to get us to this point, as we prepare for the next chapter in our long and proud history."
More Teradata related reading:
- Lowe's big plan.
- Joshua Greenbaum: NCR Exits the Data Warehouse Market: See You Later, Teradater?
- Data warehousing resources.