Shareholders should together pursue a material adverse affect lawsuit against Broadcom and sue for not only the termination of the deal and force VMware to exit, beyond the 1.5B in termination fees paid to vmware but for losses incurred for all shareholders and employees.
The negligence of actions and communications especially sending offer letters to only a small percentage of the company which directly and irreparably harmed and continue to harm the existing vmware business has been caused by Hock Tan and the VMware leadership team.
11 replies (most recent on top)
Fact check: He never said he had all regulatory clearances. Legal.
He clarified what he meant. He was referring to regulatory approval:
"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."
Broadcom (really Avago the parasite controlling Broadcom) and Hock Tan has been national security threat suspect for a while (remember Qualcomm?).
Avago is a Singaporean company that is now nominally redomiciled to America. It is well known Singapore is a money laundering hub for CCP. Not only that, a lot of people are forgetting Singapore is still a dictatorship that is cozy with Beijing, and with questionable human rights records such as practicing caning.
And Hock Tan is Chinese Malaysian who naturalized to US citizen but is of Chinese ethnic origin. I heard he is fluent in Mandarin and still identifies as Chinese.
Do you really think Hock Tan or Avago will have enough integrity, duty, or allegiance to America? I wouldn't be surprised they would rather see America burn under CCP banner while ki-ling innovation and milking the cash cow to fill their greedy pockets.
If you know of any suspicious activities by Avago or Hock Tan, report them to CIA, FBI, DOJ, CFIUS, and FTC. These are all law enforcement agencies that have jurisdiction over matters involving espionage and hurting American interests.
Also, if you are American, you should send letters to your state representatives and the White House to discuss your concerns about national security implications of what possible "concessions" Hock Tan is likely to make.
"Neither party wants to risk a violation of U.S. government sanctions for AI chips."
That unfortunate, because AVGO smuggling NVIDIA chips into China was one of the few concessions that made sense to gain Chinese government approval of the VMW deal.
Hock Tan and Michael Dell will reach an agreement, privately, to terminate the deal.
Neither party wants to risk a violation of U.S. government sanctions for AI chips. China has successfully used its leverage to demonstrate that it can counter the Biden administration's objectives with punitive action against AVGO and its shareholders.
Crazy that anyone in their right mind could vote to give Magoo millions of dollars. There is something deeply wrong with the world.
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."
Indeed, let’s stop right there.
Almost as good as
“CEO Rob Mee told analysts on a conference call after hours on Tuesday that the company was experiencing sales execution problems.”
"Some of the deals we expected to close in Q1 slipped," Mee said. He highlighted "a complex technology landscape that is lengthening our sales cycle."
It is indeed a complex word, let’s stop right there.
Fact check: He never said he had all regulatory clearances. Legal.
Octane said they had the needed regulatory clearances. They didn't.
So what recourse do we have? He knowingly lied to investors.
Octane said they had the needed regulatory clearances.
They didn't.
Not saying that contractually MD has majority to extend it…..I’m saying the other 30 billion and all the employees suing to stop it and be compensated for damages
Shareholders will vote to extend the contract if MD wants it.
Just remember how they voted to pay Raghou and Betsy $M.