Because, as far as I can see, they have no vision. They might have a vision just for themselves, while for the rest of us, it is safe to say that their only plan is more cuts. It is a bit frustrating to constantly think about cuts, so their plans should include the fact that soon there won't be any talented people here at all because they are all leaving.
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The future vision is the same for any division. Get as much money out of customers until they move away from your product and then you sell everything off and buy new companies to lean out and bleed
@uqaj+1eMBm4h1 +1.... alienate not only by that attitude but the mgt moves and a few clowns he's brought in...
@rocx+1eMBm4h1, Yeah, everyone loved old Corvette boy telling us to either love it or get the f*** out. Way to go Greg, that is the corporate spirit. As if you did not alienate your employees enough by showing off your wealth while telling everyone else to suck it up.
Fck this place can't imagine a worse company
Whenever you bring up legitimate concerns about antyhing this place has the simple policy of "like it or leave it"
Whatever you do, do not work here! Only the most desperate come to shtcom
The company vision is to grow through acquisitions of sustainable revenue and maximize ROI. Ambitious employees with rosy colored aspirations look elsewhere... but if you like slow and boring with a dictator who only cares about every penny spent, then enjoy the RSUs until you no longer provide value to the company. Some people (MSD) like boring.
Please remove BS...G. and vision from any mention or context in this thread. it is a non-sequitor here.
BSG is ball squeeze of customers, whilst milking a set of either museum pieces of software (mainframe) or products that are so far behind the competition it's comical.
Whether BSG is a lifeline to the hardware/semi side who knows...probably to a large extent though i suspect Tin Tan Man sees limited window to squeeze as others have stated.
enjoy riding this bi--h, but make sure you've got a clear escape path from the hotel room...lmfao...
not this nonsense yet again... vision... google "private equity". that will tell you what the vision is. if you're concerned about vision, GTFO.
"Gutting companies of talent and products is eroding shareholder value, over a longer term of 10-20 years. The only people benefitting from these cuts are the ones getting millions in bonuses"
This is only true if the products themselves have a commercial future of growth over the 10-20 year period you mention. This isn't the case for most of the hardware based products that BCom owns. The long term share holder value lies in the hardware based BUs. However, there isn't much growth in these. Short term, large profits can be made by gutting software companies with predominately legacy products and squeezing captive customers for a much a possible. Long term this will results in market irrelevancy and death for these products but this would, arguably, happen anyway. The fate of bcom software isn't to create long term share holder value but short term top line revenue growth. When the well is empty then discard and move on to the next victim. Hardware need to investment, the first comer will take 90% profit. Bcom wants to sell wireless, no one buy. Fbar, no one buy. switch will be replaced by nvidia (whole system solution), PLP already beaten a-s by inphi (bought by marvell).
time to jump from the sinking ship, guys~!
"Gutting companies of talent and products is eroding shareholder value, over a longer term of 10-20 years. The only people benefitting from these cuts are the ones getting millions in bonuses"
This is only true if the products themselves have a commercial future of growth over the 10-20 year period you mention. This isn't the case for most of the software based products that BCom owns. The long term share holder value lies in the hardware based BUs. However, there isn't much growth in these. Short term, large profits can be made by gutting software companies with predominately legacy products and squeezing captive customers for a much a possible. Long term this will results in market irrelevancy and death for these products but this would, arguably, happen anyway. The fate of bcom software isn't to create long term share holder value but short term top line revenue growth. When the well is empty then discard and move on to the next victim.
Replace "Creating shareholder value" with "getting bonuses and RSUs for the top few" and everything would be accurate. Gutting companies of talent and products is eroding shareholder value, over a longer term of 10-20 years. The only people benefitting from these cuts are the ones getting millions in bonuses and RSU's, even some who openly shed happy tears.
@ @1btu+1eMBm4h1
Agree, that is the attitude of management. However, the stance of not caring about either products or customers is only viable because of the low (negative) interest rate environment that allows them to buy up and asset strip other companies - effectively acting a private equity company.
If that environment changed to one with higher rates or the revenue from manufacturing begins to decline then that model will no longer be as effective and a return to actually having to give a sh-t about customers and products would be forced on them.
The vision for the company is to make money for the shareholders. Everything else is collateral. And, if you look at it from that perspective, everything they are doing make sense. There is no loyalty, the company's management does not care about the actual products or the employees beyond considering them a commodity.
Use the still relatively stable revenue stream provided by hardware/chip manufacture, leverage up, essentially interest free, and buy struggling software companies, which they then asset strip, chop up, incorporate into brcm BUs and then possibly sell on. As long as in economy stays in a low interest rate environment this will make good money