One wonders how much due diligence of VMW EUC Tom Krause did before he left Broadcom for his new Citrix CEO gig? Certainly seems unethical for him to go to a direct competitor, if he was learning about VMW EUC all along. Nevertheless, both options are a nightmare to integrate - VMware+CA+Symantec or Citrix+Tibco. Massive job cuts.
https://www.crn.com/news/applications-os/broadcom-software-leader-krause-jumps-ship-to-citrix-tibco
Hock also said Qualcomm deal will get through?
This is not true.
I met a friend, whose is a friend of a friend , who also knows a friend of another friend, who happens to be a friend of a friend who knows Hock. And he said VMware will be just fine.
BC will sell off the EUC business to Citrix.
There is nothing to learn from the EUC but telegu
He learned nothing that was not public. He left before the "discovery" phase.
You all think the worse, but what if, hear me out, what if Tom left to be the CEO of CItrix but returns to Broadcom in 15-24 months and runs the AVGO VMware EUC product line or VMware Software group. Could this be a ruthless reversal 100% planned from Hock Tan?
Probably learned there were no actual "Sales" of EUC.
Of course the most rosy proclamations have been mentioned: A close in November. That is the best case scenario. It assumes everything will go 100% smoothly and no hiccups will come along the way. This acquisition is one of the largest in tech history.
Many of the objections are coming as a response to the way Broadcom treats the companies and their customers in past acquisitions. A clear example of how there are consequences if a company behaves in a certain way. Belgium, France, Germany and the Netherlands are all a signatories to these objections. Basically the largest and most economically important EU members. the US, UK and China could also get involved. Thus why the articles I read are suggesting this realistically could take a year, if not more.
Here is a read:
https://arstechnica.com/tech-policy/2022/06/broadcom-takeover-of-vmware-could-be-derailed-by-eu-antitrust-probe/?comments=1
None of that matters to me. Whether the deal works or not I'm out. Sad as VMware was such a wonderful place to work.
You think we competed against Citrix in the EUC space... now that IS funny!
Just to be clear, “they” are not talking about the EUC (European Union Commission).
Since Tom is in California,
Non-competition agreements are not lawful here, so we couldn’t do anything about it either way.
Helpful information though in the response either way.
Broadcom and VMWare have a team of bankers and external lawyers working on this deal. When CA was acquired the number was about 200 people. Since every deal goes through a second level review at this size, there is no way anyone was surprised by the second level review. No one. Hock is still publicly telling people he hopes the deal will close by November. If he is saying that, it means it most likely will. Never any guarantees when dealing with government agencies, but there is absolutely nothing to look at here. Even a high school dropout could Google EU second level reviews and know this was a guarantee based on the deal size.
Also, pay attention to what is happening at Twitter. The people really pushing to close this deal is the executive team at Broadcom more than anyone else.