Thread regarding Broadcom Corp. layoffs

Missed opportunity?

https://www.bizjournals.com/sanjose/news/2021/07/13/broadcom-purchase-of-sas-institute-is-off.html

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Post ID: @OP+1bP7vgJZ

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I guess it would have lent some "software " cred. Certainly CA was considered bottom feeders and the "Academy of Ancient Software." Symantec is imploding...and has lost a lot of lustre in the security area. The brain trust needs to figure it out. SAS would have been a d-mb move. So many more interesting angles out there... who's advising the brain trust?

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Post ID: @hqgz+1bP7vgJZ

SAS employees should be relieved that Octane didn’t buy their company

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Post ID: @donp+1bP7vgJZ

Meh....BroadCON wouldn't know what to do with SAS.... Better fit elsewhere...a

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Post ID: @2gnm+1bP7vgJZ

A company that sells to BC know it condamnes its employees, et Brocade, CA, Symantec.
That’s culture of lean

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Post ID: @2osg+1bP7vgJZ

All SAS employees should be breathing a sigh of relieve. This wouldn't have been culture shock, it would have been culture armageddon. Broadcom is the exact opposite it SAS culture. About the only benefit you have is fairly decent pay. Upper management flat out tells you that they hate you and that you are nothing but an expense on a balance sheet that they can't wait to get rid of.

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Post ID: @2uga+1bP7vgJZ

A day after reports that semiconductor giant Broadcom was in talks to buy SAS Institute, the CEO of the data analysis company told employees a deal isn’t happening.
SAS CEO Jim Goodnight "sent a message to all employees in which he said 'We are not up for sale,'" SAS spokeswoman Shannon Heath confirmed to the Business Journal.
The North Carolina company "remains focused on furthering innovation to serve our customers," Heath added.
San Jose-based Broadcom (Nasdaq: AVGO) did not immediately return a request to comment.
Goodnight’s memo comes a day after The Wall Street Journal reported on the talks, saying SAS could be valued at between $15 billion and $20 billion in a deal. The Journal followed that Tuesday, reporting the talks had fallen through.
SAS founders Goodnight and John Sall "changed their mind about a sale," according to the report.
The breakdown in talks may have come down to culture.
SAS, home of a 35-hour work week and an all-encompassing campus in Cary, just west of Raleigh, has long topped Best Places to Work lists. While both companies invest in innovation, employees and SAS watchers expressed concern on social media on Monday about the impact on SAS of a potential acquisition. Many worried that the deal would result in job cuts.
"If this happens, there will likely be layoffs," one Twitter user posted on the social media site.
"SAS employees are going to be in for a RUDE awakening," another posted in a tweet.
The deal may have faced an uphill battle even if SAS were more disposed to it.
News of the acquisition talks came just days after President Biden signed an executive order instructing federal regulators to more closely scrutinize corporate mergers, particularly in the tech industry, for their potential impact on competition. Any deal by Broadcom would like fall under that guidance, because less than two weeks ago, the Federal Trade Commission charged Broadcom with illegally monopolizing markets for certain semiconductor components.
Broadcom last major acquisition attempt also fell through. Three years ago, the Trump administration blocked its plan to purchase Qualcomm, citing national security concerns. At the time it proposed the deal, Broadcom was based in Singapore. The Trump administration was worried the U.S. would lose control of critical mobile communications technology through the acquisition and that the deal would empower China's Huawei Technologies Co.
In response to such concerns, Broadcom relocated to San Jose, but not in time to salvage the acquisition.

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Post ID: @dcb+1bP7vgJZ

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