Micro Focus shares plunge by 46% as CEO departs | Business | The Guardian Micro Focus shares plunge by 46% as CEO departs | Business | The G......

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Micro Focus shares plunge by 46% as CEO departs | Business | The Guardian Micro Focus shares plunge by 46% as CEO departs | Business | The G... https://www.theguardian.com/business/2018/mar/19/micro-focus-ceo-... 1 of 2 Micro Focus shares plunge by 46% as CEO departs | Business | The G... https://www.theguardian.com/business/2018/mar/19/micro-focus-ceo-... 2 of 2 Financial Accounting Theory Online Case Study Guidelines You are strongly advised to read the case study (available on Canvas) thoroughly before class and to try to identify the links between the case study and the current topic. You may prepare a short summary of the article prior to class. Useful resources which may be accessed or referred to during the case studies include the textbook, resources on Canvas (e.g. lecture slides), and dictionaries. Phones should be turned off and emails should not be sent/received during the activity. Answer sheets will be shown online to students in-class at the start of the assessment. Answer sheets are not made available to students prior to the class. During the assessment: 10 minutes reading and discussion with other students in breakout groups – during this time it is suggested that you do not start writing out your answers, although you may make notes. 40 minutes writing time - no interaction with other students during this time; time limit to be strictly adhered to. Answers to be submitted on Canvas at the conclusion of the writing time. The submission time will be set by your instructor during the class. Students may only attempt the case study & submit an answer sheet in the class in which they are enrolled. Late case study submissions will not be marked. Answer sheets will be marked by your lecturer and feedback will be provided during class. Students missing their scheduled in-class case study for no valid reason will be awarded a mark of ZERO.
Answered Same DaySep 15, 2021

Answer To: Micro Focus shares plunge by 46% as CEO departs | Business | The Guardian Micro Focus shares plunge...

Sumit answered on Sep 15 2021
148 Votes
Micro Focus, a software firm also part of the FTSE 100 tech companies lost nearly half (about forty six percent) of its value after a very rocky merger with HP’s software division and the resignation of the Chief Operating Officer of the company. The Chief Operating Officer had only joined the firm just a few months ago. The shares of the company starting crashing as soon as the company announced that the revenue is decreasing at a rate faster than anticipated by the firm and also that the CEO of the firm has resigned from the job. After the announcement was made the shares of the company starting crashing and at the end of Monday, the shares closed at 10.11 euro per share. Chris Hsu the Chief Operating Officer of the company, previously ran the Hewlett Packard Enterprise software division and joined the Micro Focus firm as the Chief Operating Officer when the Packard Enterprise was acquired the Micro Focus in a deal of 6.60 Billion Euros. He will be replaced by...
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