When they announced, we looked down upon them for destroying a great company. Now we count on them as saviour.
They exposed our excess by showing EBITDA growth 📈, which not a single exec can deny. None of our exec dare aligned their compensation to market cap anywhere close to BC offer. To distract attention, they focus on culture 🧫 and self congratulatory of how great our people are.
I agree and I'd go farther in saying that if you watched the "3 CEO" broadcast from last year (internal) Tan even said that he wants the "core" and didn't understand the other product sets.
I suggest that EUC in particular will be spun off or sold to help BC recoup some of the $61b outlay.
He also recently said that he wants to restart the VMware cloud offerings. I also think the one thing that makes VMware valuable (especially EUC) is that it is agnostic. Get pi---d at AWS, who cares we run on Azure, get pi---d at them, who cares, we run on GCP. And its still all the "same-ish"
My attitude concerning BC has not changed. This is and has always been about a few billionaires making themselves more billions at the expense of everybody else. Its about some old dudes who could have easily and very comfortably retired years ago who still feel the urge to get into a di-k measuring contest. Ruthless people who do not care one iota about the people who come in and make the sausage that enables them to stuff their pockets full. I'm glad I left. I've worked for companies like BC before and it will be a cold day in he-l before I work at such a place again. Its not worth it for mental health alone.
This deal is solely for MD and Silver Lake to extract money with a few payments along the way to Magoo and team. The rest of us might get a few breadcrumbs or the ongoing threat of layoffs. Welcome to corporate takeovers!
The perception has not changed.
BC is a private equity firm that is not Dell et al.
But, if, as another thread said, Dell becomes the biggest single shareholder in BC, then maybe it IS Dell?
"the BC acquisition become one of the most costly mistakes in tech M&A history."
When all the concessions for each goverment regulator are combined, the financial impact may have already reached a buyer's remorse outcome for the BC leadership team.
Also, once they've cut all the excess management layers and employees from the bloated VMW org structure, they've still got the restructure the business model and improve profitability. It's huge undertaking that could take years. Longer than any prior BC acquisition.
Stockholm syndrome
Ignorance is bliss ...
I'm not impressed. Hock is naive if he thinks lazy enterprise CIOs will just pay up for price increases without a protest. The VMW 'virtualization tax' can be significant, especially for businesses with large numbers of virtual machines. This is why some CEOs are eager to free themselves from this high-cost IT solution trap. And, the VMW multi-cloud value prop is unconvincing marketing dribble.
The legacy VMW business model has run its course. I predict that this story ends badly, because there are better lower cost solutions that will make make the BC acquisition become one of the most costly mistakes in tech M&A history.
Maybe Michael Dell knew if he promoted Magoo to CEO and left the other cr-ppy leaders in place
There is no mystery here. Dell left Magoo in place as a caretaker. Don't do anything, don't rock the boat, don't jeopardize the payout. Magoo being neutral is the whole point.
"Just be cool for 18 months and I'll give you 50 million"
https://www.youtube.com/watch?v=LSXKyHM133c
Maybe Michael Dell knew if he promoted Magoo to CEO and left the other cr-ppy leaders in place, who prioritize skin color, and se-ual preference over skills, knowledge, and experience, we would be begging for Hock to come in and run the business.
Fu-k Broadcom...
I think my feelings here are pretty clear
Stockholm syndrome
"bullsh-t earnings”.
I'll take that 3.5 billions of BS earnings anytime.
At first I thought Hrock was Darth Vader,, but now I realize he is the emperor. Times change.
I think that, every time you see the word EBITDA, you should substitute the words "bullsh-t earnings”.
Charles T. Munger
You count them as saviours.