Thread regarding VMware layoffs

I just checked eTrade 12:16 PST and saw that all my RSU's that have vested and were pending have been canceled and all other RSU's that are set to a later date have been canceled.???

No notification on what is happening. Will be calling Monday, but let me know if anyone knows anything!

Did you call and they told you about the supplemental cost basis report? I don’t want to pay tax for 0 cost basis because it’s not correct.

I am also thinking to ditch etrade once this all settles. Embarrassing how they handle all this late and glitches

I’ve been checking my etrade account almost every hour for a week and just now, I see the avgo shares! Finally! Under stock plan. Just FYI, if you folks want to check. It’s just the price has gone down about $60 since the past week, so that’s a bummer but at least now the shares are available

And everything is a conspiracy

Check your laws. Singapore is a tax haven and doesn't share details.

Ignorance is not bliss.

Money invested through tax havens have full anonymity. Round tripping.

And everything is a conspiracy, the whole world is only to get you.

Easy enough to verify,

Money invested through tax havens have full anonymity. Round tripping.

There is no way to know how much HT invested in Silverlake.

Easy enough to verify, granted they are quarterly not on a daily basis.

https://www.gurufocus.com/insider/979/hock-e-tan

How does still sending offers and planning for RSUs impact already vested shares? Talking about ESPPs or vested RSUs, not different than any other VMW shares in other brokerages or in individual accounts. So yeah, I expect they magically flipped a switch and make the shares available days ago.

You’ve seen how sloppy this entire process has been, start to finish, and you think they can magically flip a switch and swap stock overnight? They were literally still sending out offers and onboarding 10’s of thousands of new employees. The accepted and declined offers impact which RSU’s (unvested) convert (employee stays) or don’t (they decline). The split of vested RSU’s between cash and AVGO stock will take time to calculate, sell, transfer etc. because it involves multiple financial institutions. I honestly don’t understand how anyone can sit back and, given the magnitude of this process and all the moving parts, feel like they’ve been wronged somehow that they don’t have their stocks instantly.

When RSU’s vested on schedule at VMware, that process of being available in our accounts, available for sale, and receiving the funds took a week, and this is 10x more complex.

Silverlake 3 bn cash 5 bn stock sale
Dell 12 bn cash 21 bn stock sale

Watch out bc folks

By the time this is over bc will be $100

There is no way to know how much HT invested in Silverlake.

Good luck folks

IMHO Michael Dell === Silverlake, so there’s the evidence.

Your opinion hardly makes it a fact. Isn't it?

https://www.ft.com/content/d01901a2-db4b-45df-8ce5-f57ff46d463e

VMware’s $92bn sale showers cash on Michael Dell and Silver Lake

reaping $70bn in gains for tech entrepreneur Michael Dell and investment firm Silver Lake

Broadcom deal handed Silver Lake just under $3bn in cash and Broadcom stock worth more than $5bn

Dell received nearly $12bn in cash

Silver Lake invested a total of $1.8bn into Dell Technologies and VMware for combined stakes that are now worth more than $15bn

Dell put more than $6bn in equity into both companies for stakes that are now worth about $60bn

They’re gaslighting you. I spoke with them this morning and got the same run around of it’ll deposit tonight. Blah blah blah. I pressed them on if the shares will be deposited to my stock plan account or some other account, confirmed it’ll go to E*trade stock plan account. Also confirmed that eventually the shares will make it.

They started sharing more information after I told them I need to know when shares are distributed so I can withdraw cash and moves shares to their competitors.

Where did you see him selling?

https://seekingalpha.com/news/4039692-silver-lake-likely-to-sell-a-big-portion-of-its-broadcom-stake-soon-report

IMHO Michael Dell === Silverlake, so there’s the evidence.

Yeah, it's almost like they are understaffed or something.

They're just trying to figure everything out. BC has never managed an acquisition the size of VMware before, so they're not scaled to address all the open issues. Each day is a new challenge for their inexperienced support teams, including Finance and HR.

If you are one of those who decided to accept the offer, get used to it.

My spouse's suggestion is file a complaint against Etrade with the SEC and FTC. Seek an attorney to file a class action against Etrade. That "peanuts 10 - 12 stock" is real money when you consider the thousands of affected employees multiplied by the number of shares they hold. But nice try.

Then, let Etrade bring in Broadcom and Fidelity to defend -- and pay up. Since none of them knows where the stock is, let them pay lawyers to figure it out.

Will this take time? Yes. Broadcom is counting on you to be too desperate to wait. Meanwhile, while you wait for your money, they can use that equity to finance "ops". Never, never, never stop thinking dollars and cents when you are dealing with an org like Broadcom.

Michael Dell - selling slowly and profiting.

Not an answer to the question, But you knew the risk, when you didn't sell what is available to you when you had the chance, as for the Nov/Dec allocations, the risk is just as good as any other market investments, for the peanuts 10 - 12 stock, the value difference between 1000$ vs 900$ is not life altering.

Michael Dell - selling slowly and profiting.

Where did you see him selling? I do think he is in it for a bigger game, right now he is the one with largest holding as an individual. He could take over as Chair of the board. Don't think he's selling.

P.S. Just an opinion, not a fan of Broadcom or Dell or the whole Deal, so don't sla-ghter me for the comment.