Cloud News
Broadcom’s Potential VMware Acquisition: 5 Things About Dell, Stock Prices And Hock Tan To Know
Mark Haranas
From recent acquisition comments made by Broadcom CEO Hock Tan to VMware’s chairman and Dell Technologies CEO Michael Dell, here are five important things to know about Broadcom’s potential acquisition of VMware.
Broadcom CEO Hock Tan: ‘Good-Sized Acquisition’ Possible
One huge nugget of information that shows Broadcom is seriously considering a large acquisition this year, is what CEO Hock Tan said during the company’s financial earnings call a just few months ago.
In March, Tan said Broadcom has the “capacity to do a good-sized acquisition.”
“We’re still looking for acquisitions. We’ve just been very … thoughtful and selective about the assets we would acquire. But very much so, we’re still in the market to look for great assets to acquire, and we have the capacity to handle it,” said Tan.
Tan said Broadcom hasn’t pulled the trigger on a large acquisition in years as the company has been “earning and generating lots of cash” and paying dividends and maintaining the policy on dividends that Broadcom has outlined for the long term.
“But, we believe we still have the capacity to do a good-sized acquisition,” he said.
The Takeaway : Less than three months ago, Broadcom’s CEO Hock Tan told media and analysts that his company has the capacity to make a large acquisition.
