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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

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Feb 9 3:00 PM EDT

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From: Sr K	1/19/2024 10:41:36 PM
	of 6531

Broadcom’s VMware Overhaul Draws Attention of CIOs The virtualization pioneer is undergoing some changes in the wake of its acquisition by Broadcom. Corporate customers are trying to make sense of what it means By Isabelle Bousquette Jan. 19, 2024 3:27 pm ET Share Resize Listen (2 min) VMware has made several changes to its products and pricing since its acquisition by Broadcom closed in November. PHOTO: JOSEP LAGO/AGENCE FRANCE-PRESSE/GETTY IMAGES Moves by Broadcom to shore up its $69 billion VMware acquisition, completed in November, include a streamlining of product bundles and new billing models—efforts in line with the chip giant’s past acquisitions, but not necessarily welcomed by all of VMware’s customers. Broadcom made its name by acquiring makers of a host of unsexy-but-essential microchips components, then cutting costs and leveraging the company’s growing pricing power. With the VMware acquisition, its largest, the San Jose, Calif.-based company is turning some of those tactics to enterprise software. Exc.

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