How many folks in Engineering got offers in NSBU?
So no offer letters any more before the deal is closed?
any thoughts? What a mess!!!
Did Hock Tan lie to CNBC again today?
"Broadcom’s Tan believes the hold-up is due to bureaucratic reasons, not political considerations, according to CNBC’s David Faber." Does he really know its due to bureaucratic reasons? Or just another... — read more
(Un)Happy Halloween
Shoot... scratch that... now it's (Un)Happy Thanksgiving
For US Citizens engineers who did not get FT offers
Here is a letter for your rep. Especially for California and Texas: [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [House of Representative's Name] [Office Address] [City, State, ZIP Code] Dear [House of... — read more
Share Price
Despite what some have said, the share price seems to decline when the deal looks like it’s not happening and it rises when approvals come through. Last week it was generally trending down and now the share price is rising. There was one article I... — read more
GO SU-K AN EGG!!!!
I'm exhausted from this, get it done or terminate the deal. Whatever! at this point to be honest. Let my thousands of colleagues and I, know our faith, but please let mine include severance!!!!! I do NOT want to continue, with either. Both BC & VMW... — read more
for people who don't have offer
just work hard and pretend business as usual, till being laid off later?
why oct. 30 and nov.26 are so special dates?
in case the deal can't be closed again on nov. 26, what will happen? game over, or more extension?
Deal will close!
Folks, we all know in our hearts that deal Will go thru, so much wishful thinking here. VMW mgmt and HT interests are aligned, delays happen as no one controls the MoFcom, Broadcom will get it done. And completely fabricated info on Qualcom as there... — read more
VMW Stock Price Drop
Once (If) the deal fails - How far will the VMW stock price drop?
Hock lied and failed
"...deal has won foreign investment control clearance in all necessary jurisdictions." followed up by "I made those specific notes or remarks on regulatory approval" - LIE: China's State Administration of Market Regulation had not signed off on the... — read more
If the deal has not closed by November 26th
Let's say China does not give its approval by then, can they renegotiate and extend the deadline beyond November 26 2023, or is that the absolute final date?
Severance in 2024/better tax wise
Now severance will be paid in Jan 2024, right? All I cared/hoped/prayed was to get this thing delayed by a couple of days and it’s happening
The deal is in danger seriously
China approval is about politics, or you can choose to believe Hock. US-China will talk in APEC, and US will not back off on AI/chip war, even if there is some progress on something else. No approval from China. Game over. It is my guess. Let us... — read more
Poor Broadcom
Why it is so hard for you to face reality and tell the truth? Big ego. Lose HUGE face. LOL.
Did anyone receive severance packages from VMWare yet?
I did not get an offer from BC last week. It's unnerving to wait and see what unfolds. I have a major life event due in a month 😕. I hope we can go back to the old VMWare days!
Raghu Projected Payout: $52.5M
https://www.crn.com/news/cloud/broadcom-s-golden-parachute-for-top-5-vmware-execs-may-total-169-4mm
If VMware in China operates separate, then is there anything to approve?
What is stopping Broadcom from keeping its business in China exactly as it is now, and chopping off the VMware parts in China? Wouldn't that take China out of the picture for the acquisition merger because now VMware in China is no longer... — read more
Hock Tan's response to delay. Don't celebrate too early VMWare employees :)
Hock Tan believes the delay in the closure of its $69 billion purchase of VMware (NYSE:VMW) is due to bureaucratic reasons, not political issues. VMware (VMW) fell 1.6%, while Broadcom rose 1.3%. "Mr. Tan does believe it's bureaucratic and not... — read more
"The transaction will close soon, but in any event prior to the expiration of their merger agreement"
what does this mean? Is Broadcom saying the deal will definitely close by nov 26th?
For those curious about life under Broadcom: Exhibit A - Symantec Enterprise
https://uktechnews.co.uk/2020/05/29/hcl-technologies-and-broadcom-expand-global-preferred-services-partnership-to-include-symantec-enterprise-security-consulting/ As part of the partnership, the majority of Broadcom’s Symantec enterprise... — read more
If the deal is off
I think all of us would actually thanks China for this, and we would be to glad to see Raghu f--ked up, can't wait to see his disappointment. Almost all of the VMware staffs I know would like to see to pis- off ASAP
Qualcomm Fiasco Revisited: Why AVGO Acquisitions Fail to Close
Hock Tan is a poor leader of desired business outcomes, just like the VMW leadership. Why? Executive arrogance is not valued in deal-making, or strategic business planning.
If acquisition fails when are VMW layoffs?
Reviewing the facts of our current situation: Extremely unlikely Beijing changes their mind before Nov 26 Acquisition cannot be extended past Nov 26 so it naturally terminates This means VMW is back to square one and has to make tough decisions... — read more
Well, this is awkward
If the deal doesn’t go through then managers and Hock will have lost all possible leverage and control over those thousands of employees who know they’re getting let go. Time to run out that unlimited PTO?
What about the turtles?
I am genuinely concerned they won’t get an offer
BREAKING: MERGER DELAYED!!!
Ridiculous, no transparency at all. We have to learn this through the Financial Times. https://www.ft.com/content/eb940813-4e98-4046-8800-77692db963ea
And the lie of the decade goes to Hock Tan for “foreign investment control clearance in all necessary jurisdictions."
It turns out that Harsh Kumar was right when questioned that little, arrogant and greedy man. Now China needs some retaliation means against the US to avenge the advanced AI chips ban. The next lie is “the deal will close before the expiration of the... — read more
Insiders At Broadcom Sold $34m In Stock, Alluding To Potential Weakness
"In the last twelve months, the biggest single sale by an insider was when the President, Hock Tan, sold US$19m worth of shares" https://finance.yahoo.com/news/insiders-broadcom-sold-us-34m-130020213.html
Is the C suite still dancing?
Someone check the office hallways please.
Why don't they ever outright say they have US FTC approval?
Is it kinda like saying someone going through trial for crime is innocent because the judge said they are innocent until proven guilty? Would US FTC let such a big and controversial deal slip by even without concession? If you have access to Google... — read more
Financial Times, Mon Oct 30: AVGO VMM Deal Delayed
Financial Times, Oct 30, 5:08 am -- "US chipmaker Broadcom and cloud software company VMware have delayed the completion of their $69bn merger, which had been scheduled to close on Monday."
F yea, more limbo
Burn our souls and drink our blood Hock.
Timing is everything...
VMW Leadership need to time their boat and yacht purchases with this deal closing, have some understanding.
Stranger behaviours...
Post on LinkedIn late last week from the CMO about the F1 Grand Prix.. also an AM saying that the past 7 days have been the best and favourite 7 days of their 5 years at VMware.. People really do think and act irrationally at times like these.. On... — read more
Broadcom knows they will get approval
"Broadcom Inc. (NASDAQ: AVGO) and VMware, Inc. (NYSE: VMW) today announced their expectation that Broadcom's acquisition of VMware (the "Transaction") will CLOSE SOON, but in any event prior to the expiration of their merger agreement. " ... — read more