VMware employees received an email this week laying out what their fates could be when Broadcom closes its $61 billion acquisition of the cloud computing and virtualization company. VMware CEO Raghu Raghuram and chief people officer Betsy Sutter held a meeting this week with senior directors where they shared updates about the upcoming acquisition that’s … Read more
Broadcom could potentially integrate its Symantec security portfolio with VMware SD-WAN to help it enter the single-vendor SASE market. Source link
Despite a slowing growth rate, chip giant Broadcom (NASDAQ:) has managed to outperform most of its peers in the semiconductor industry. The company reported a 5% year-over-year increase in revenue to $8.88 billion for the fiscal third quarter of 2023, ending in July. This is, however, a deceleration from the 8% growth witnessed in the … Read more
On September 5, 2023, it was reported that WINTON GROUP Ltd had acquired a new position in VMware, Inc. The fund obtained 8,808 shares of the virtualization software provider’s stock, valued at approximately $1,100,000. VMware recently released its quarterly earnings results on August 31st. During this quarter, the company reported earnings per share of $1.83, … Read more
to an end and that it was poised for a strong recovery. However, with the impending acquisition by Broadcom, White believes that the stock’s upside potential may be limited in the near term. The acquisition deal between VMware and Broadcom has been in progress for quite some time and is now entering its final stages. … Read more
VMware, Inc. is a provider of multi-cloud services for all apps that enables digital with enterprise control. Its multi-cloud portfolio, spanning application modernization, cloud management, cloud infrastructure, networking, security and anywhere workspaces, forms a digital foundation on which customers can build, run, manage, connect and protect their workloads. The Company’s products within its application modernization … Read more
VMware Explore has often been seen as more of a business-focused event, where new developments to existing products/solutions are showcased. However, there’s an underlying developer focus of late, especially in relation to VMware Inc.’s Tanzu, the company’s cloud-native application platform for accelerated operations, development and delivery across clouds. But with the Broadcom Inc. acquisition looming and … Read more
The kickoff of VMware Inc.’s annual Explore gathering in Las Vegas this week was accompanied by the news that the planned $69 billion acquisition of the company by Broadcom Inc. had received approval by regulators in the United Kingdom. The U.K. greenlight lessened concerns that competition would be stifled as a result of the purchase. … Read more
Broadcom CEO Hock E. Tan vows to “immediately” invest more in its new subsidiary to boost R&D efforts and boost the deployment of VMware’s technology. Source link
The opening keynote of VMware Explore 2023 featured a surprise appearance by Broadcom CEO Hock Tan. Source link