Thread regarding VMware layoffs

NYSE is de-listing VMW.
https://archive.ph/rUJ8R

https://seekingalpha.com/news/4021474-vmware-sets-oct-23-deadline-for-electing-broadcom-deal-consideration

@hew+1p9Xh1MN what about China blocking the deal?

All indications point to it closing on 30th. I know several people who are neck deep in integration work and their activities have suddenly picked up. All work on other key projects have been stopped and more people have been pulled into integration work for next 3 weeks. Those folks say that there is no skipped beat from BC team about any hiccups and they are marching towards 30th close. 8K was filed today about the deadline announcement with a press release. They moved the deadline several times but they did not do such press releases for those. So this must be the last one and final date. Nothing is stopping it now.

Just heard that it might get dragged out to November 4. Just before Barcelona.

Just read the following from Register article. Does it sound like he is unsure and not confident about the deal? Be honest to yourself.

On Broadcom's Q3 earnings call, Tan said the deal has won "foreign investment control clearance in all necessary jurisdictions."

But that statement wasn't enough for Piper Sandler analyst Harsh Kumar, who asked if China would be a problem.

"Let me say this," Tan replied. "I made those specific notes or remarks on regulatory approval. I ask that you think it through, read it through and let's stop right there."

https://www.theregister.com/2023/09/01/broadcom_vmware_nutanix_results/

Googled, and the fact is:
"In FY2022, Broadcom's revenue in China amounted to 11.64 billion U.S. dollars, while revenues from the United States accounted for 5.92 billion U.S. dollars. The company generated a total net revenue of 33.2 billion U.S. dollars in FY2022, an increase from the 27.45 billion U.S. dollars made in the previous year." 1/3 of BC revenue comes from China; there is no way Hock can do that without China.

Exactly. Given the data and listening to Hock earnings call talk, it’s obvious. He doesn’t care if China approves or not. He didn’t want to say that aloud. If you don’t see it coming, it’s because you got sand in your eyes.

"You can downvote all you want. Check back here on Nov 1st. The deal is done. Get over it and plan your life."

You don't know anymore than any of the rest of us.

You can downvote all you want. Check back here on Nov 1st. The deal is done. Get over it and plan your life.

Hock just needs to be sure to order one item from column A and another item from column B in order to get the deal.

I agree with OP. I consider us in limbo at the moment. I know. Su-ks!!!

I would not at all discount the possibility that this deal might be derailed. At least for now. China and the US have been playing a t-t-for-tat game when it comes to acquisitions. In 2019 Trump blocked the Qualcomm deal. And now China has the opportunity to block the BC/VMW deal. Same reasons, multi-billion-dollar, high profile deals that make headlines. And on top of that with Biden's announcement yesterday concerning banning AI chips to China adds more fuel to the fire and there you go. Poor Hock.... must su-k to be worth billions already and have your latest new toy pulled out from your hands....

Hock doesn’t use lube. Shows weakness and mercy.

probably some translation problem when china say "maybe" it normally means u need to wait or do something to make it happen.

a so big drop on stock price is not speculation.

good questions but pure speculation in the answers

I think layoffs postponed atleast until jan now. Enjoy thxgiving nicely with ur family

With new chip curbs, I also doubt China will just approve it smoothly. At least postpone it for a while.

@OP+1p9Xh1MN

We didn’t even hear anything about China’s reaction.

So it means we have to wait for longer time?