Discuss ;-)
https://www.sec.gov/news/press-release/2022-160
7 replies (most recent on top)
Last years massacre of Order
Management last by Jerell (no longer with VMW) is also a reason for orders being delayed in booking.
Finance have been doing this for years.
We tell Wall St that we'll do $Xm in license or SaaS or whatever bookings next q. When we reach that number in the final week of the q then we stop shipping licenses or provisioning offerings. It's standard procedure every q......
@ukg+1iHZ3ysV I don't know. Being in sales we saw a ton of delays in people processing orders. Far worse then it had ever been before to the point where it was getting pushed out into a different quarter. So it is possible that it was delaying it or a process was delaying it.
Honestly, from what I’ve seen within the BU, I seriously doubt that VMware’s systems are intelligent enough to delay licensing. The backend systems are archaic to say the least. Seems there is still a lot of manual interventions that have to occur to process licensing. So if it was happening, it’s highly likely it was by lack of being able to keep up with demand with its crippled BU teams. So no wonder VMware would want to settle, they don’t want it revealed to BCOM just how much is lacking around here… just one theory.
technology company to push revenue into future quarters by delaying product
deliveries to customers, concealing the company’s slowing performance relative
to its projections.
So, they were basically setting it up to run like a pyramid scheme.
And the C-level execs will get 10s of millions of dollars termination bonus, while many line workers will lose their jobs with 2-weeks pay for year of employment.
Please provide encouraging words to help me gain the spirit to do work.
Nothing really to discuss. \\end
Looks like it's already settled. VMware paid an $8 million fine.