This morning NCR issued a press release outlining its intention to separate into 2 companies, NCR and Teradata. Following the separation, Bill Nuti will serve as president and CEO of NCR and Mike Koehler will serve as president and CEO of Teradata. We believe this separation will benefit our customers by allowing NCR and Teradata, which have markedly different business models, to manage and invest in a more focused manner. We expect this separation to take 6 to 9 months to complete and is subject to final approval from NCR's Board of Directors, the IRS and the SEC.
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