Thread regarding VMware layoffs

Mind boggling

“Oops I made a mistake that’s all” is not a mantra for success anywhere, let alone in the “league of extraordinary gentlemen” of high finance.

Surely the same criticism can be applied more strongly to people assuring that a $60B+ deal will close on a specified day right up to the morning of that day.

Agreed. Total sh!t show.

Surely the same criticism can be applied more strongly to people assuring that a $60B+ deal will close on a specified day right up to the morning of that day.

the delusions on this site are amazing. Dell is the new boss...lmfao.

Dell Technologies has $20Billion in debt. MDell gets a bit over $21Billion from the VMware sale. He's not going to keep the majority of his BC shares. He's going to pay down his companies debts. In a time if ever increasing interest rates, having little or no debt is going to put Dell Technologies in a superior position to most of their competitors.

the debt belongs to Dell Technologies, not to MD, so why will he pay off the debt of a public company? it you own Dell share you willing to pay up you % of Dell Tech debt?

Michael dell is my hero. Financial manuvering for decades to make money su-king dollars out of VMware to benefit himself. American way.

This goes to show that Hock Tan is just a useless henchman who can't even manage an acquisition right and the true masters are Samueli and soon to be Dell.

But then again, this is hardly unique to Broadcom

It is said that Dell owns the shares personally and it is not corporately owned by Dell Tech. Why would he use his personal money to pay down his corporate debt. He doesn’t get any benefit for doing that. He and Silverlake are responsible for putting this deal together with the CEO installed at Broadcom by Silverlake and Silverlake wants their exit monies.

"Dell Technologies has $20Billion in debt."

And this is what pi---d me off about this whole thing. Because Mr. Dell wasn't responsible and decided to get his company into serious debt its not he that has to pay the price. The man is worth close to 67 Billion dollars. He could- you know- do the right thing and pay off the debt and still have more money than 99.9999999% of the US population and buy whatever he wants.

But no. Instead, its going to be 1000's of people who were the ones who made, sold and worked on the very products that made him rich in the first place who will suffer. 1000's of families with mortgages, college tuitions, college debt and working towards the day they can retire and save up a tiny, minuscule fraction of whatever people like Dell are worth. Every single person at VMware other than the golden parachuted execs are collectively paying for the mistakes of someone else.

And that and many other reasons are precisely what is wrong with US style capitalism where the rich have become so insanely rich that their never-ending desire to make themselves even more billions than they already own means they wield the wand to make drastic decisions that affects the 1000's of people who got them there.

Dell Technologies has $20Billion in debt. MDell gets a bit over $21Billion from the VMware sale. He's not going to keep the majority of his BC shares. He's going to pay down his companies debts. In a time if ever increasing interest rates, having little or no debt is going to put Dell Technologies in a superior position to most of their competitors.

MD didn't do this to become a partial owner of Broadcom. He did this to cash in his VMware piggybank.

As Dell BC and APPL pull out of china this will be a massa-re.

BC has a market cap of $362b. So his share is still only roughly 3% of the total. Not like today where Dell owns 41% of vmware and between him and silver lake have majority share power.

Golden age of fraud. SBF lost 30 billion in a day. Now will be in jail for 120 years. The law will catch up.

Samueli can afford to be rich. Others need access to their recently issued RSUs so they can make this months mortgage

Meet the new boss… same sh1tty boss as the old boss.