So there's rumors circulating that Hock Tan and Avago is working quickly to try to get the acquisition this year instead of next year. The motivation of closing this year is so that next year's Broadcom bonus usually paid in Jan/Feb won't end up being paid at all. And if the deal closes in October, the last ESPP grant wont happen either (the one that is suppose to give you a $20/share instant capital gains). If true, this foreshadows how well your new master will treat year after the acquisition is completed....
3 replies (most recent on top)
Don't worry, I am from the classical brcm side, I am thinking the same as you do. />
There is no question that Hock Tan runs a very thrifty organization. He is very focused on the bottom line and the stock price. Since he took over here at the old LSI, we experienced some surprising layoffs, which seemed crazy at the time. However, it affected mostly middle management, and neither quality or schedules seem to have been affected.
But, now I'm wondering about my own engineering job. With so many Broadcom engineers combining into the workforce, I recognize that I'm not the most 'future proof' person around. I'm relatively old, have a couple of health issues, and they might see this as an opportunity to 'reduce me'.
I hope not, because I like what I do, and I'm pretty good at doing it!
Time will tell, and I should know soon, perhaps in a couple of weeks.
Yeah. Motherfucking bullshit from the mouth of a cumsucker.