Rob
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Post by Rob on Nov 10, 2018 19:51:33 GMT
One for Mark to comment on (and obviously also Kevin, Nogbad and Alanović) but I can't figure out how a £14bn takeover of CA Technologies by Broadcom (but not the original Broadcom as I once knew it) will be successful if they are immediately getting rid of so many people. About 40% of the USA staff are going and 66% of UK staff.
I can see how some would have to go but they are going to get rid of the people developing, supporting and selling a lot of products. The people will leave in February so not long to hand over skills/knowledge.
Kind of ironic that CA grew from acquisitions (and clever accounting at one point) and now they get taken over. One CA acquisition related to DevOps was immediately sold for nearly a billion dollars. So will Broadcom break-up CA?
Some cash-cows in the CA product portfolio and some old dinosaurs too. Will there be a cull on products?
Interesting times in IT.
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Post by tyrednexited on Nov 11, 2018 19:11:15 GMT
One of the very worst software companies I ever dealt with.......
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Rob
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Post by Rob on Nov 11, 2018 19:17:25 GMT
I agree on CA with you. And left you off my list to comment.
I work with them now... sadly.
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Deleted
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Post by Deleted on Nov 11, 2018 20:17:46 GMT
Was CA Computer Associates? Almost 20 years ago I used some of their anti-virus software and it seemed to work.
Knowing nothing of the tech industry, why are they so bad?
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Post by tyrednexited on Nov 11, 2018 22:20:01 GMT
I agree on CA with you. And left you off my list to comment. I work with them now... sadly. I hope things work out for you. CA threatened me (the company) and me (personally) with legal action. The first was over our third party use of their software - something they "never offer", but I had had written into our terms on purchase. "it may say that, but it doesn't mean it". The second was for "blagging" their salesman on another issue, something the correspondence trail refuted and left them with very red faces (it had got personal). The response in both cases was to go ahead and sue (which they didn't), and we fairly rapidly divested ourselves of most of their remaining software (and continued that practice for all their future acquisitions). A review after the event fully endorsed that practice. Awful, awful company (nearly as bad as CSC 😉) |
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Rob
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Post by Rob on Nov 11, 2018 22:25:15 GMT
Was CA Computer Associates? Almost 20 years ago I used some of their anti-virus software and it seemed to work. Knowing nothing of the tech industry, why are they so bad? Yes one and the same. They bought eTrust and then more recently sold that division. They have always had a strange mix of products but steady revenue. |
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Rob
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Post by Rob on Nov 11, 2018 22:28:05 GMT
Awful, awful company (nearly as bad as CSC 😉) Now DXC after merging with part of HP Enterprise customer services... And shedding many jobs too. I should have taken the VR last year I guess where I am. And now they've shifted on terms of reference since then that I can't argue. But I've worked another year I guess. |
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Post by tyrednexited on Nov 12, 2018 0:38:54 GMT
Awful, awful company (nearly as bad as CSC 😉) Now DXC after merging with part of HP Enterprise customer services.. Yes, I know. From my experience of both of them they deserved each other ... My suspicion would be that CA have some product(s) or IP that Broadcom covet, and that they will asset strip the rest |
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Rob
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Post by Rob on Nov 12, 2018 9:26:21 GMT
I am thinking asset stripping and something they want to keep - can't think what. But to pay £14bn and then pay for redundancies makes me wonder how they will get a decent return on the investment.
It is ironic that the CA we know today came about with multiple take overs and now it looks like it will all be reversed.
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Deleted
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Post by Deleted on Nov 12, 2018 9:44:40 GMT
When you buy a company you get revenue, assets and costs. You want to recognise as much from the first two as possible, and get rid of as many of the second as you can.
If they are getting rid of people, then look at the area they are being disposed from. If it was an area they didn't want, then they would sell it intact. If they are making redundancies within it, then there is something there that they want that they cannot keep if they sell the unit in its entirety. They are not getting rid of all staff, so they are clearly looking to keep something operational.
Might be revenue, assets or rights. Is it similar to an area they already have? Can they retain the revenue and service it with other staff? Was it massively overstaffed anyway? Are they duplicate levels of management? Etc.
It's complex though, and financial accounting for merger costs is even more so. I don't have time to look at the moment. If you're still interested in a week or two I'll make the time.
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Deleted
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Post by Deleted on Nov 12, 2018 19:04:25 GMT
Was CA Computer Associates? Almost 20 years ago I used some of their anti-virus software and it seemed to work. Knowing nothing of the tech industry, why are they so bad? Yes one and the same. They bought eTrust and then more recently sold that division. They have always had a strange mix of products but steady revenue. That's it. My eTrust anti-virus software. Haven't used it for a long time. |
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