The rising use of software in most businesses and the growing popularity of flexible software solutions are expected to drive growth in the software industry. So, investors could consider A-rated software stocks VMware, Inc. (VMW), Informatica Inc. (INFA), and Pegasystems Inc. (PEGA). These stocks are A-rated in our proprietary rating system. The software market is … Read more
Broadcom’s VMware acquisition is now officially rippling across the cloud ecosystem and workforce, with analysts expecting ramifications. Source link
Following its recent acquisition of VMware, Broadcom has announced that it will transition the business to a subscription-based model, removing the perpetual licenses with immediate effect. According to the company’s announcement, the industry has embraced subscription-based models as the standard when it comes to cloud consumption, and the move comes after more than a year’s … Read more
Broadcom Chief Executive Hock Tan isn’t someone who finds blowing money appetizing. But that $40,000 dinner seems to have gone down well. That was the reported cost for Tan to sit at the table of Chinese President Xi Jinping during a dinner at last month’s Asia-Pacific Economic Cooperation conference in San Francisco. It is a … Read more
California-based tech giant Broadcom is closing an office in Downtown Crossing and axing 150 jobs there as part of a much broader cost-cutting effort following the completion of its VMware acquisition. Broadcom informed the Massachusetts Division of Career Services on Nov. 27 that it will close its entire VMware office at 2 Avenue de Lafayette … Read more
As Broadcom Inc. and VMware Inc. get closer to their new merger deadline of Nov. 26, some investors are nervous that the deal will not get done, with a $1.5 billion termination fee hanging over the chip maker. China is reportedly the cause for the current hold-up for the deal, which was supposed to close … Read more
Shares in Broadcom and VMware were rising despite an apparent delay to the closing of their merger agreement, which was set to complete on Monday. China could be a problem—but investors don’t seem too worried. Source link
As the world awaits news of whether Broadcom’s acquisition of VMware will close on the target date of October 30 – an outcome thought likely unless China’s State Administration for Market Regulation intervenes – the virtualization giant has made a modest change to its practices by shuttering a site used for experimental software – or … Read more
By Rob Curran Shares of VMWare slid premarket after the Financial Times reported that authorities in China were holding up chipmaker Broadcom’s multibillion dollar buyout of the maker of virtualization software in the latest salvo of the U.S.-China tech battle. The State Administration of Market Regulation in Beijing is delaying approval of the merger deal … Read more
Artificial intelligence has so dominated headlines and conversations that it seems like every company is announcing their own AI-related feature, solution, or initiative for their business. And you wouldn’t be wrong: the latest McKinsey Global survey shows that organizations are most commonly using generative AI (gen AI). In fact, 40% of those reporting AI adoption … Read more