Which of the two would be worse for us and the company?
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The reflection on the GM is that the GM is too out-of-their-league to understand
that they are being led around by people who do not produce useful output
that appreciates to the bottom line of the BU, nor the company.
We interrupt this tread to notify you that the tools needed to build a major product have been upgraded to version n+3.
We're now bleeding on the edge.
We got lots of congradulations.
Well, actually it's only a partial upgrade.
If you are intending to build Product-B, you must update a configuration file you know nothing about to not use the new upgraded tools.
Also, we only upgraded some tools, but at least they are all 64-bit.
We will update you on the other new pointless projects as soon as they start causing trouble.
We need to switch from technology A to technology B, because A is old and
B is new and better. it will solve all our problems.
The reflection of all this back onto the GM of the BU is the fact that none of what they are repeatedly doing has any impact on the quality of the product, the speed of delivery. Nor do any of these things improve the daily work of any developer in the company.
It's just a bunch of like-minded technology chasers who keep playing in their sandbox with no accountability.
The reflection on the GM is that the GM is too out-of-their-league to understand that they are being led around by people who do not produce useful output that appreciates to the bottom line of the BU, nor the company.
Broadcom will destroy VMware. You and its customers better hope that deal falls through. They laid off 80% of Symantec and raised prices.
The used car analogy is absurd. VMware has been bought and sold since 2004. It will survive a failed merger. The market will be HAPPIER if Broadcom falls through. It would not be bad mark against VMware at all. Get a grip.
@1rdx+1lbPCgdN - Leadership would absolutely have to be changed out if the goal was to operate VMware as a standalone. Raghu being made CEO was a sign that Mikey Dell wanted to sell the company, as anyone with half a brain would know he was the absolutely worst choice to run and grow the company. Making him CEO was just to try and keep the company together until Dell found a buyer and closed the transaction. If the deal falls through and they axe leadership, then we know their intentions for the company are changing.
"VMware cannot continue on its own." - VMware could absolutely continue on
its own. YES, it would require us to run the business more efficiently like Broadcom
would, including trimming the fat by doing massive layoffs, but it could absolutely
be done.
You expect the people who were on board with the aggressive use of H1B visas, and have built their empires of these lower-wage workers to suddenly and voluntarily make cuts to all that gained prestige? In some cases, they are so over staffed with people that
are unable to actually do the job that the market needs, that cutting staff would really make things worse.
I don't expect the hard decisions and right choices to be made that these grifting misfits.
I expect them to ride their exorbitant salary all the way down to the dead cat bounce.
I'm sorry, but that was a stupid post.
"VMware cannot continue on its own." - VMware could absolutely continue on its own. YES, it would require us to run the business more efficiently like Broadcom would, including trimming the fat by doing massive layoffs, but it could absolutely be done.
Seriously do you know how many businesses would ki-l for our revenue stream? Broadcom/Hock thinks our revenue stream is worth $69 billion dollars. So they obviously think they can make all 69 billion back, plus a lot more, in order to make that kind of bid.
The only reason VMware needs to be sold off is that Michael Dell wants to make billions personally, AND he also has that big debt to pay off from when he bought EMC. And remember, he admitted the main reason he bought EMC was for VMware. It was the most valuable asset in the mix, and he made a bet that he could spin it out and make money, then sell it off and make more money. So far, he's been right!
But it has ABSOLUTELY nothing to do with VMware being unable to exist as a standalone company.
I'm so sick and tired of this.
Seriously ... Also let's just rename core products for the 10th time - that'll make it better.
https://www.reuters.com/markets/deals/eu-regulators-set-new-june-7-deadline-broadcom-vmware-deal-2023-02-15/
If you have been here long enough, you know that we are making the loads of money we make without innovating in ANYWAY! We can continue to do this for at-least another decade. The markets care only if we can generate the revenue numbers. Sure, the stock might get hit temporarily if the deal fails. But nothing lasts forever. Some will see it as a great time to buy because the revenue will keep coming every quarter... it's not going anywhere regardless of whether Hoc or Dell or anyone else is in-charge. You have clearly no idea about how invested our biggest customers are in our technologies. Do you know how big our biggest customers are? You'll be AMAZED at the size of their DC footprint. Entire billion dollar businesses will fail overnight if our products are gone. No exaggeration. Do your research and you'll realize that these customers are not going anywhere else. They can't! So stop it with the 'world will come to an end' doom if the deal fails. Dell cares only about money. He didn't buy VMware to build a great future in IT.... just a great future for himself. We will continue to make money whether he's at the helm or someone else.
Bad management, letting anointed tech leadership continue to make the same
stupid mistakes over and over can accelerate this.
I'm so sick and tired of this. The same people continue to do this:
We need to switch from technology A to technology B, because A is old and B is new and better. it will solve all our problems.
(A few moments later)
We need to switch from technology B to technology C, because B is old and C is new and better. it will solve all our problems.
It's everywhere. Communication tools. Development tools. Development processes. Source management. Branch management. Internal websites. Internal credentialing.
It sure seems like every one of these migrations ends up with a worse solution, and absolutely no effort is EVER expended to fix anything. It's always half-buttocked.
"VMware stock as plummeted to below 50 and recovered."
But not as the result of a failed merger! That's what you fail to understand. Below 50 because of market forces is entirely different than below 50 because of regulatory pressure.
Oh so no big deal right? VMware will just not sell itself and will just continue as a happy little company right? NOPE! Because the market knows VMware cannot continue on its own.
That's why they accepted the buyout offer!
Dell and Icahn realized they can make more money in selling the company than continuing to run it. And by accepting the offer, everyone knows it.
Ever try to sell your car? What does it say about the car if you leap at the very first offer? Do you think other buyers won't notice?
VMware is weakened. Too weakened to continue on it's own. You think layoffs won't come just because we don't get bought out? What do you think they'll do to headcount when the stock is cut in half? Throw a pizza party? They'll cut as deep as BC would have, just to survive.
VMware either gets bought by BC, or it flounders for years before being sold off into pieces, and at a big discount.
VMware would be fine if it fails. Those freaking out about it do not remember that VMware stock as plummeted to below 50 and recovered. The market does not want the merger either. The stock would recover. VMware would recover. North Korea Broadcom would simply be gone.
This is a giant in virtualization we are talking about.
Decreasing employee quantity and quality will impact product quality and delivery speed. Some say it already has.
Bad management, letting anointed tech leadership continue to make the same stupid mistakes over and over can accelerate this.
A freight train takes a long time to stop, but when it's out of fuel (or derails), it will stop.
Cope levels on this thread are stratospheric.
VMW stock has been at $45 and then recovered to $200. Even if we go to $10, we can make it back. Sure, many many things don't work with this company but the core of the products still make a lot of money and in ways that some customers can never get out. Even if Dell scrambles for another buyer, so be it. He won't sell at a lowball number... what is in it for him? He'll have to wait till VMware bounces back a bit. This is a giant in virtualization we are talking about. Yea, Google and AWS are much bigger! But our customer base is so bought in, they cannot move out quickly even if they wanted to. It will take years and years to do so. If you think otherwise, you just don't know how deep we are embedded.
A failed acquisition would probably result in a massive hit to VMW's share price. During the "go shop" period, 2 other companies expressed an interest in VMW (each under a NDA) but neither company provided an offer to counter AVGO's purchase. This means that neither company thought VMW's value was worth more than, or even close to, what AVGO had offered ($61 billion). If the acquisition is successful, then VMW's share price immediately shoots up to $142.50. If the acquisition fails, then the market already knows that 2 other potential buyers valued VMW at significantly less than $61 billion (VMW's market cap today is $50 billion). A failed acquisition probably drops the price per share back down to around $100 where is where it was pre-acquisition announcement. Michael Dell will then SCRAMBLE for another buyer, and try to sell VMW at a significant discount to one of the two potential buyers that expressed an interest during the go shop period.
Failed merger would be a good outcome for both the employees and the company. No need for Hoc while we are comfortably able to generate revenue for the next decade. Hope it fails. Nothing will happen to the brand or to our customers. Everyone will be happy that the storm is over.
Insightful, thanks for that 👍