Perpetual Ltd Takes $739,000 Position in Hewlett Packard Enterprise (NYSE:HPE) MarketBeat Article Source https://www.marketbeat.com/instant-alerts/nyse-hpe-sec-filing-2024-10-12/
Perpetual Ltd reduced its holdings in Oracle Co. by 40.5% in the first quarter, selling 68,440 shares. The institutional investor owned 100,698 shares valued at $12,649,000. Other institutional investors also adjusted their positions in the company. Insiders have been selling shares, with Director Michael J. Boskin selling 45,000 shares and Director George H. Conrades selling … Read more
Perpetual Ltd bought a substantial number of shares of Cisco Systems, Inc. during the first quarter, increasing their stake by over 100%. Other institutional investors also made moves with the company’s stock. Insider transactions within Cisco Systems have been noted in recent months, including sales by executives. The company’s stock has been trading at increasing … Read more
“It’s created a demand spike for the product. Customers on VMware environments mostly prefer to lock in their perpetual licensing for three more years before any price increases kick in,” one VxRail seller tells CRN. The death of VMware’s perpetual licenses has come calling for Dell Technologies’ VxRail, with customers racing to lock in prices … Read more
Update: April 17, 2024Listening to strong customer feedback, Hock Tan, President and CEO of Broadcom, has announced free access to zero-day security patches for customers on supported versions of vSphere with perpetual licenses. He also stated that more VMware products will be added overtime to support this initiative. In addition, support extensions have been granted … Read more
Broadcom CEO Hock Tan this week publicized some concessions aimed at helping customers and partners ease into VMware’s recent business model changes. Tan reiterated that the controversial changes, like the end of perpetual licensing, aren’t going away. But amid questioning from antitrust officials in the European Union (EU), Tan announced that the company has already … Read more
Broadcom has blinked, and made a couple of changes to support VMware customers who don’t want to move to its new software bundle subscriptions. In a Monday post, Broadcom CEO Hock Tan restated his belief that VMware’s portfolio was too complex, and too poorly integrated, for the virtualization giant to represent true competition for hyperscale … Read more
VMware customers with perpetual licenses will still be supported. Broadcom CEO Hock Tan says the changed policy is in response to feedback from customers. Shortly after Broadcom acquired VMware in November 2023, it quickly became apparent that the move to subscription-only licenses was imminent. Perpetual licenses, where the software is purchased once and comes with … Read more
Broadcom is killing off VMware’s on-premises perpetual licenses – and getting set to strong-arm VMware customers onto subscriptions, by also ending the sale of Support and Subscription renewals for such customers. VMware described this to customers as part of its plan to “complete the transition of all VMware by Broadcom solutions to subscription licenses.” “We … Read more
News Post-VMware Buy, Broadcom Kills Perpetual Licenses in Favor of Subscriptions Broadcom is discontinuing sales of perpetual licenses for over a dozen VMware products, the company announced this week. The move comes less than a month after the completion of Broadcom’s acquisition of the virtualization giant for a reported $69 billion. The end of perpetual … Read more