alt Hacker NewsI don't think we really need those quotes. Broadcom bought an existing, successful company, and immediately skyrocketed the price of their most used commercial offering.
You don't need a degree in business to surmise that short term profits will also skyrocket but you will eventually lose the market.
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Yup, or that bad view of Broadcom is because of the price hikes.
I had a meeting with IT where I was worried they were finally coming after my proxmox box they "didn't know about". Turns out they saw their vmware bill and suddenly had questions.
Private equity... or Broadcom... bleed dying things dry. It's arbitrage on companies that are too slow to adopt new technology. Instead of watching something die slowly squeeze it for everything it's got by making the inflexible companies pay for their inability to change.
The end of a dead product is the same, but the financial reaper is betting they can make more money killing something quickly.
The term of art is Profit Taking. When you cash out your reputation to make a big quarterly profit. Did they also slash the research and development teams? Classic VC behavior.