sgip
Well-known member
Thoughts? Sure caught me by surprise.
http://www.businessinsider.com/avago-to-acquire-broadcom-for-37-billion-2015-5
http://www.businessinsider.com/avago-to-acquire-broadcom-for-37-billion-2015-5
Soylent Green Is People said:Thoughts? Sure caught me by surprise.
http://www.businessinsider.com/avago-to-acquire-broadcom-for-37-billion-2015-5
paperboyNC said:Wonder if it will affect building the new HQ at the Great Park?
kahunasteve said:"$750 million of projected annual cost synergies expected to be achieved within 18 months"
irvine real estate effect?
OC troll said:The Rumor mill is running wild. Couple of Senior Engineers working at broadcom have heard they will likely shutdown HQ in Irvine. Too expensive. Not drawing alot of young talent due to high cost of living. I think this is gonna impact BP home sales. Which may have a ripple effect.
GH said:OC troll said:The Rumor mill is running wild. Couple of Senior Engineers working at broadcom have heard they will likely shutdown HQ in Irvine. Too expensive. Not drawing alot of young talent due to high cost of living. I think this is gonna impact BP home sales. Which may have a ripple effect.
I don't think high cost of living is really a big deterrent to drawing talents especially younger ones (Silicon valley as comparison).. The more likely reason that Irvine employees should be afraid of is Avago is HQ in Singapore... very low corporate tax rate and abundance of tech talents at much lower cost.
GH said:OC troll said:The Rumor mill is running wild. Couple of Senior Engineers working at broadcom have heard they will likely shutdown HQ in Irvine. Too expensive. Not drawing alot of young talent due to high cost of living. I think this is gonna impact BP home sales. Which may have a ripple effect.
I don't think high cost of living is really a big deterrent to drawing talents especially younger ones (Silicon valley as comparison).. The more likely reason that Irvine employees should be afraid of is Avago is HQ in Singapore... very low corporate tax rate and abundance of tech talents at much lower cost.
WTTCHMN said:"Amid much fanfare, the company had broken ground in March on a 73-acre campus near Irvine?s Great Park, intended to accommodate up to 8,000 workers. That $738 million project will go forward, a company spokeswoman said, though she did not elaborate on whether it would be as large as originally planned."
www.ocregister.com/articles/broadcom-663513-company-avago.html
Shutting down Irvine HQ is just common sense. Same thing is happening with Allergan.
?This transaction benefits all of Broadcom?s key stakeholders,? said Scott McGregor, president and chief executive of Broadcom. ?Our customers will gain access to a greater breadth of technology and product capability. For our shareholders, the transaction provides both compelling up-front value as well as the opportunity to participate in the future upside of the combined business.?
McGregor, 59, would leave the company. He would be eligible for a golden parachute of more than $67 million, according to the company?s latest proxy statement.
Irvinecommuter said:Really annoyed at stuff like this:
?This transaction benefits all of Broadcom?s key stakeholders,? said Scott McGregor, president and chief executive of Broadcom. ?Our customers will gain access to a greater breadth of technology and product capability. For our shareholders, the transaction provides both compelling up-front value as well as the opportunity to participate in the future upside of the combined business.?
McGregor, 59, would leave the company. He would be eligible for a golden parachute of more than $67 million, according to the company?s latest proxy statement.
paperboyNC said:Irvinecommuter said:Really annoyed at stuff like this:
?This transaction benefits all of Broadcom?s key stakeholders,? said Scott McGregor, president and chief executive of Broadcom. ?Our customers will gain access to a greater breadth of technology and product capability. For our shareholders, the transaction provides both compelling up-front value as well as the opportunity to participate in the future upside of the combined business.?
McGregor, 59, would leave the company. He would be eligible for a golden parachute of more than $67 million, according to the company?s latest proxy statement.
Apparently the employees are not key stakeholders? Actually I bet long-time employees that have options benefit greatly from the sale. I have friends that worked for another SoCal company that sold and even though one doesn't work there anymore because the new company shut down the SoCal office, she still made out like a bandit from her options and her new job is even better.
paperboyNC said:Irvinecommuter said:Really annoyed at stuff like this:
?This transaction benefits all of Broadcom?s key stakeholders,? said Scott McGregor, president and chief executive of Broadcom. ?Our customers will gain access to a greater breadth of technology and product capability. For our shareholders, the transaction provides both compelling up-front value as well as the opportunity to participate in the future upside of the combined business.?
McGregor, 59, would leave the company. He would be eligible for a golden parachute of more than $67 million, according to the company?s latest proxy statement.
Apparently the employees are not key stakeholders? Actually I bet long-time employees that have options benefit greatly from the sale. I have friends that worked for another SoCal company that sold and even though one doesn't work there anymore because the new company shut down the SoCal office, she still made out like a bandit from her options and her new job is even better.
I thought that was always the plan, even before the sale.OC troll said:The Rumor mill is running wild. Couple of Senior Engineers working at broadcom have heard they will likely shutdown HQ in Irvine.
Except low corporate tax, Singapore is really expensive for young talents and companies.GH said:OC troll said:The Rumor mill is running wild. Couple of Senior Engineers working at broadcom have heard they will likely shutdown HQ in Irvine. Too expensive. Not drawing alot of young talent due to high cost of living. I think this is gonna impact BP home sales. Which may have a ripple effect.
I don't think high cost of living is really a big deterrent to drawing talents especially younger ones (Silicon valley as comparison).. The more likely reason that Irvine employees should be afraid of is Avago is HQ in Singapore... very low corporate tax rate and abundance of tech talents at much lower cost.
ukuoy said:Except low corporate tax, Singapore is really expensive for young talents and companies.GH said:OC troll said:The Rumor mill is running wild. Couple of Senior Engineers working at broadcom have heard they will likely shutdown HQ in Irvine. Too expensive. Not drawing alot of young talent due to high cost of living. I think this is gonna impact BP home sales. Which may have a ripple effect.
I don't think high cost of living is really a big deterrent to drawing talents especially younger ones (Silicon valley as comparison).. The more likely reason that Irvine employees should be afraid of is Avago is HQ in Singapore... very low corporate tax rate and abundance of tech talents at much lower cost.