One year after its stock spin-off from NCR Corp, Teradata’s (TDC) stock price is much lower than it started. (Whose isn’t compared to a year ago?)

The stock spin-off and other issues were addressed by the CEO, Mike Koehler, in an interview in the Dayton Daily News .

His comments were especially relevant coming right now given that it has been noted that not only do spin offs outperform over their first three years, but that year two is most likely to see the biggest gains. Here is Teradata beginning year two with it’s stock price riding the down elevator with everyone else.

Seems like a good time to be doing some work to be ready to decide how attractive TDC will be when the market’s trend flattens out and starts to reverse.

Of particular concern to me is the entry of some serious competition into their marketplace. Clearly this is their area of expertise and they have a headstart, but when Oracle and HP and Microsoft come on the scene that may or may not turn out to be enough.

Tags: NCR, stock spin-off, TDC, Teradata