Thread regarding VMware layoffs

Just so we are clear, there are only two shareholders that matter here
Michael Dell
Egon Durban - Silver Lake , Private equity.

I guess once you become a billionaire you become an a$$ho-e to society.

Whoever wrote that is paid by the word, just a bunch of dribble. Probably was an algorithm …

If @ago+1jRcn4cz copy-pasted the article correctly, then this sentence is interesting:

Given the pending acquisition by Broadcom, likely to close in October 2023, the Company did not host a conference call, nor did it offer a forecast.

What makes them say this? 'close by October 2023' I would understand, but the statement reads that who ever wrote this thinks / feels it will be at the end of the year?

a> As long as it's good for shareholders

Did anyone ever think it isn't ? Acquisitions are never done because it's good for staff :-p

@1hfo+1jRcn4cz BINGO. That line alone shows you these analyst don't k ow the domain...

VMW could have challenges in capturing new cloud-native workloads. Therefore, a deal with Broadcom could give VMW shareholders a better outcome.

This the most stupid thing I’ve heard.
“When I think cloud-native, I think Broadcom” is a great April fools joke.

See

https://www.reuters.com/markets/us/silver-lakes-backing-dealmaking-ceos-pays-off-2022-05-26/

Just so we are clear, there are only two shareholders that matter here

1. Michael Dell
2. Egon Durban - Silver Lake , Private equity.

And of course there is the investment of Silver Lake into Broadcom and then installing Hock Tan as CEO

So really, Silver Lake is one shareholder running the show.

We are all just popcorn eating nobodies.

Yeah well, that is how this works... Shareholders OWN a company and therefor what is good for them is what is to be done.

Some of you have no idea that the leadership and board are BOUND by LAW to execute business practices for the good of the share holders. Because when they weren't bound by law you had execs making tons of money, pilfering the company and screwing the shareholders...

Sorry, not sorry.

Mizuho analyst Gregg Moskowitz reaffirmed a Neutral on Vmware, Inc (NYSE: VMW) with a $135 price target.

VMW reported its partial 3Q results after the close, which were generally below expectations. Total revenue only grew 1% Y/Y, which came in well below the Street's 5% growth forecast.

Total billings growth of 4% Y/Y also missed Street estimates of +9% Y/Y, and non-GAAP operating margins of 26.7% were roughly 30bps below consensus.

Much more positively, License, Subscription, and SaaS billings grew by 20% Y/Y, well above his estimates and reflecting modest acceleration.

Broadcom Inc (NASDAQ: AVGO) announced that it is acquiring VMW for ~$61 billion in late May. AVGO and VMW have targeted the acquisition to close in AVGO's FY23.

KeyBanc analyst Thomas Blakey reiterated the Sector Weight rating of Vmware shares pending the potential sale of VMWare to Broadcom.

VMWare's top-line growth in 3Q missed consensus and his growth forecasts as the Company missed on both License and Subscription and SaaS (S&S) revenue lines. Non-GAAP EPS underperformed his and Street estimates.

BMO Capital analyst Keith Bachman maintained a Market Perform rating on Vmware and a price target of $142.50. Broadcom's proposed offer makes sense for VMW shareholders, Bachman writes.

VMW has a long journey in continuing its business model transition to subscription and SaaS revenues, particularly as the macro pressures "big ticket" items.

In addition, VMW could have challenges in capturing new cloud-native workloads. Therefore, a deal with Broadcom could give VMW shareholders a better outcome.

Raymond James analyst Simon Leopold maintained a Market Perform rating on VMware following 3Q's worse-than-expected earnings report.

Given the pending acquisition by Broadcom, likely to close in October 2023, the Company did not host a conference call, nor did it offer a forecast.

Price Action: VMW shares traded higher by 0.5% at $118.98 on the last check Wednesday.