Broadcom: Needs To Divest From China (NASDAQ:AVGO) – Seeking Alpha
Broadcom: Needs To Divest From China (NASDAQ:AVGO) Seeking Alpha Article Source https://seekingalpha.com/article/4730808-broadcom-needs-to-divest-from-china
Broadcom: Needs To Divest From China (NASDAQ:AVGO) Seeking Alpha Article Source https://seekingalpha.com/article/4730808-broadcom-needs-to-divest-from-china
When Broadcom’s acquisition of VMware closed at the end of November, we learned that it was going to seek “strategic alternatives” for VMware end-user computing. In Broadcom’s fourth-quarter earnings call last week, CEO Hock Tan put a bit more wood behind the arrow on his plans, confirming that Broadcom officially intends to divest itself … Read more
Updated Broadcom CEO Hock Tan has announced his intention to divest VMware’s end-user computing and Carbon Black units, and signalled a rapid shift to subscription licenses of bigger software bundles. Speaking on Broadcom’s Q4 2023 earnings call, Tan told investors “We are now refocusing VMware on its core business of creating private and hybrid cloud … Read more