[From the 8/10/2015 edition of Smart Tech 50 Weekly Movers]
We added Teradata (NYSE: TDC) to the Next Wave Portfolio in May of 2014, when it was trading at $40. Since then it has traded as high as $47, but over the past two quarters it has gradually subsided to a closing price of $30 last Friday after releasing disappointing quarterly results on Wednesday – well below our stop price of $35. We don’t like taking a loss in any of our positions, but it has become apparent that TDC is failing in its attempt to achieve innogration. For that reason we are selling it out of the Next Wave portfolio effective immediately.  If you choose to continue to own it, do so under the belief that it may soon become an acquisition target from one of the larger legacy competitors looking to gain market share in its space, such as EMC or IBM. It is only a $5 billion market cap stock, which could be easily digested by any one of a number of larger tech companies.