21 Burst results for "Vmware"
"vmware" Discussed on Security Now
"Firmware coding flaws to perform remote code execution on the targeted devices. Once a device is breached, the malware infects the device and recruits it into its botnet tribe. And this is exactly what we've been worried about for years. Though it makes no rational sense at all, we know how difficult it is to even update big iron systems that need to be kept current, where there is a well established notification and patching infrastructure in place to support that. Just look at the recent VMware ESS ESXI fiasco. Those systems should have been readily updated. But, as we know, they weren't. So compare that to some modern or to some random, IP camera, which was long ago installed, and has since been forgotten. What about patching it? Good luck with that. We can't even keep our servers patched. Today, as I have often lamented, we have a literally uncountable number of gizmos and gadgets attached to the Internet. Why? Because we can. While most of those in our homes are safely tucked away behind the one way valve of our Nat routers, and also hopefully on their own isolated network where possible, a great many due to their role and application have deliberately been given access to the public Internet. In the present case of V three G four, unit 42 tracked three distinct campaigns. Uni 42 believes all three attack waves originated from the same malicious actor because the hard coded command and control domains contain the same string. The shells script downloads are similar and the botnet clients used in all attacks feature identical functions. Yeah, that'd be enough to convince me. Okay, so what does V three G four attack? It exploits one of the 13 vulnerabilities.
Cyber Security Today
"vmware" Discussed on Cyber Security Today
"Fake code signing certificate from security company emsisoft to install a tool for hacking into a customer's computer. If successful, the tool would have been detected by the emphasis of the application, but registered as a false positive. And the soft said this week, the attempt was blocked by its product. However, application developers should use this incident to watch for someone trying to compromise their digital certificate infrastructure. IT and security administrators need to limit the number of approved applications that can be downloaded by staff and run in their environments. And they need to ensure that applications flagged for being signed with suspicious digital certificates are quarantined. The tool the attacker tried to leverage in this case with a phony named certificate was mesh central and open-source remote access application. Now, that can be okay if approved, but in the hands of an attacker, it will be used for network compromise. And so soft also notes that if an attacker gains a foothold on the network, one of the first things they want to do is disable anti virus, anti malware, and other defensive applications. That's why it's important that all endpoint products should only be disabled by an administrator whose access is protected with multi factor authentication. There's evidence that the ransomware exploitation of unpatched VMware hypervisor servers continues, researchers at census this week have seen 500 more servers on the Internet that appear to have been infected with what's called the ESXI args, ransomware. Most of these recent infections are on hosts in France, Germany. The Netherlands and the UK. Hundreds of others have been seen earlier in Canada and the U.S.. IT departments running out of date and unsupported versions of ESXI are at the greatest risk Splunk has issued a number of patches for the enterprise version of its security event management platform as part of its quarterly updates, administrators should review these updates and install them as soon as possible. Also this week, Citrix issued a number of patches for severe vulnerabilities in several products. These include Citrix virtual apps and desktops, and workspace for Linux and for Windows. Because of the sensitivity of Citrix, these should be installed as soon as possible. Title, which makes a little Bluetooth tracker for finding lost keys, wallets, purses, and luggage and other things, has added an anti theft mode to its devices, that way the company says crooks or stalkers can't use a scan mode to find nearby tile enabled devices. Anti
"vmware" Discussed on Security Now
"Nearly 19,000, confirmed currently vulnerable, and so there's an example of somebody who was scanning the Internet probably one of those 40 or more that we're seeing touching honeypots. So they found 19,000 nearly 19,000 currently vulnerable VMware ESXI servers now connected to the Internet, not having the patch for CVE 2021, 21 9 74. So I also read one comment from a cloud provider, who indicated that as far as they were concerned, their responsibility is hardware and connectivity and no more. And actually, you know, as a user of a rack at level three, that's actually one step back. My rack was empty, and I had to provide my own hardware, but all they're saying is, you know, here's a plug where you get bandwidth, and here's some power strips where you can plug your stuff in, and we're going to keep it cool. And keep the lights on for you. Otherwise, nothing. But even in the case of a cloud provider where they are allowing you to use their hardware, they're providing that, at least in this one case, their position was, we give you the hardware, we it's going to be connected to the Internet and it's a lab power. That's it. The maintenance of whatever software the customer is running is the customer's sole responsibility. And they feel that this is true. Even when they, the cloud provider, we're the ones who initially established the running software, including ESXI on that machine. So that being the case, you know, I wonder again whether in like wondering how this happened, whether this might be a classic case of something falling through the cracks, where each party believed that the other was responsible for its maintenance. So, you know, everybody was pointing fingers at the other party, saying, well, we thought they were going to do that. And as a consequence, it didn't happen. So anyway, the consequences of all this were disastrous, and it'll be interesting to see whether any behavior change occurs from anyone as a result of this.
Double Tap Canada
"vmware" Discussed on Double Tap Canada
"Everyone's just hoping it continues to run. It seems to be going okay so far, but let's just see. Hold on. I don't know if I would encourage people to use this as your daily driver yet because obviously it's still very new. I'd like to though that's the thing and a lot of people out there who are getting in touch asking me for the demo. I know you'd love to use just use the one system for your windows for your minds to love it. I used to love boot camp on my Mac. I've never used it as a virtual machine, but yeah, windows used to run perfect on the Mac mini that I had perfectly, I should say. Just a couple of updates though, just from the parallels discussion that we had. So I had a couple of follow-up questions. People asking things like, so how much hard drive space does it take up? No. With VMware, which is and I will say it and it's really important to see this VMware is definitely the most accessible. Or one of the more accessible options for putting a virtual machine on there. I mean, actually, even on its website, talks about how accessible it is with voice-over. I mean, they've committed to that. So that's good. I wish panels would do the same. But the one thing I find is just getting access to the files to download onto the system to get VMware to install Windows for you. I just find that a little bit more tricky. Since a bit more involvement in that, whereas with parallels, it just goes off and downloads it. And then seconds, you've got it running, and it did not take long to get us up and running. I mean, within a show, we had it running. In fact, within half a show, we had it running. That wasn't very tricky at all. And there was not much we didn't speed down anything up there. I mean, that was it, you know, happening as it happened. I mean, it was quick.
"vmware" Discussed on TuneInPOC
"VMware the size done girl I feel went up and up rolling but if I do not I don't let my dad my food I'm about to buy everything you told me now about all nobody you say your mind can't control your body. If I tell you say I love you you got my money my body now your own baby. I count to you yeah I'm sorry she a Gucci for your body baby. Girl you got a lot of money that will never get out I do like it I got over it. Money fall on you right now for all of you brought up all on you 'cause I'm in love with you money fall on you might not fall on you but I keep hold of you 'cause I'm in love with you how you done talking tell me baby are you done talking yeah are you done talking tell me baby are you done talking. Tell me baby I don't talk yeah I used to like it fresh so do you want a $1 million? He said all my Friends are Friends leave me ladies I look on me my love I will yeah you put that for me. And for die for you but you say you can not get money I hate your best hide my face make I know that my beginning one might react a lot of you know me baby baby I put one up yeah never go out for 5 you know me baby they make a food one like for 5 months. Take a look so I don't wanna burn. Do I not go busy busy tonight what do I not? Making all that love me tonight do I not go busy but you give me life full day life is why you do me like that why not you why not are you through me later you and I how you gonna tell me that you are not you you are nothing. Oh don't show me back don't you be heaven city to your chest to be deep. Well I shouldn't be alone to change you like deploying. You know go see too late this could be what you said. Don't rush it's not that you ran away I got good guns I've been buying I can go but I feel like I lose trust. If they go up that's my life let me go up from the train when it's so tough I put the belly on the body make a cut. You know what you wanna give crutch boy got bees when she's hopping in the park man in real life sugar gallery might forget what she want thought told her meet me at the top so she leaves her over there. I seen her waiting for a boss maybe there's a month left where all these who don't know buying over with my pockets fight like have a neck froze like I don't know no better benzo truck white seeds and they never all broke never on my grind she make it clap like I'm busta rhymes I got the juice of sauce and northern things I blamed it twice and I was on my bling big bands I drive I broad not seen any girl you wonder what my team. I got good habit bite like I'm gold but I am stressed.
Cyber Security Today
"vmware" Discussed on Cyber Security Today
"And stitch them together either having the vendor's partner together, we can work with them and integrate along the way. And so when our in our zen architecture, the way the platform is laid out, the starting point is at the device with a managed device that has device management software on it. Today, our partner for that is VMware workspace one. Making sure we have, then the security tooling, EDR, patching, management, and all that, which the device management tool helps us maintain. And then as I mentioned before, we have a centralized identity provider. Today, our centralized identity provider is octave, of course there's plenty of other options out there. And so we integrate the two together to make sure that as octa does the authentication for the users, it can check back into the managed device and into our EDR software and the like and verify, hey, this user still should have access, and we can then integrate our certificate authentication today is also a VMware tools. Their VMware workspace one access tool. And so that handles the certificate authentication and since it is part of the VMware family, it's got some good integrations to also call back to the device management piece. And once all that stuff is then verified, then we were able to hand that off to the access proxy if needed to get to on premise, or if it's a cloud app, it will continue on and allow them access to the cloud based apps. Our big plan when we talked about zen was, I would argue that most companies have most of these components in place. It's just how do you put them together into a flow that can enable a zen or zero trust type environment that works for that. You've written that there's 5 things that IT and security directors should consider when creating their zero trust strategy. Can you go through those? Yeah. The first one that I mentioned was a centralized identity provider. And today we talk a little about, we currently use octa. And we've been very, very rigid about any application that employees access or they must go through our identity provider solution. And that allows us to make sure that it's meeting minimum security requirements, to be onboarded and the like. And so having that centralized gives you a single place where you can do some checks. And it's a bottleneck for lack of a better term. But it makes it really easy to see what you've got in the environment. You can see where they go. Whether it's on premise in the cloud and making sure that everything is living in one place. And I think that's a really key piece. If you don't have everybody going through a single authentication solution, it's really hard if things are disparate going through multiple types of identity providers. The next one that I mentioned is prioritizing endpoint security. As I mentioned, a key to zero trust is really having insight into the device. And so if we can't make a determination of the posture or the stance of the device, it makes it really difficult to have a zero trust model because that's really turning into the new perimeter versus the network. And that kind of feeds into, I'd say two and three are kind of go hand in hand. Number two is the endpoint security. So that's your EDR solution to be able to malware protection and incident response in case the device is compromised. The third one is device management. And that's where I talked about, say, the workspace one, for now, there's others out there. But you need something on the device where you can get visibility on the device itself, help push the proper software and security controls, making sure that the device meets the minimum requirement, say, from an OS perspective and patch level, I'm trying to think there's a few other settings that we like to see. But it enables us to take action on those devices. And so you need to have kind of both of those in place. So device management, and then endpoint security. The fourth one, we kind of touched on, which is the access proxy. Making an investment in an access proxy and a lot of people may be surprised that they're firewall perimeters may have those capabilities today. As I've seen things update over the last few years, a lot of the big vendors are now kind of putting some sort of an access proxy as part of their firewalls. And that's the piece that allows you to provide the on premise access in a cloud like experience, which will help them relieve the burden on VPN, give you the insight you may need. For us, the access proxy was great and then it lightened the load and the burden on the VPN network traffic and the VPN network team were able to focus on maybe some other things because some of that burden and traffic was taken away by going through the access proxy. And the final one, which has been great as the certificate authentication. The certificate provides a couple of things. One of which is we can issue the certificate to a device that we have trusted. And we can continuously update it. So we can do background checks and make sure we're seeing the right behaviors, the right locations, and we can push and pull and revoke certificates on the end points. And make the assumption that, hey, if the certificate is present, there's a certain level of implied trust on that device already. And then the bonus to that, it allowed us to then deliver a completely passwordless user experience for authentication.
Bloomberg Radio New York
"vmware" Discussed on Bloomberg Radio New York
"I wouldn't I don't know if they'll be entirely stealing But the big competitor here will probably be someone like IBM Red Hat And also open-source cloud software But IBM had would probably be the one company that goes head to head in terms of the enterprise slash open-source slash cloud software Now there are a lot of other small software companies that are out there That VMware competes with Now that being said however the major concern from the VMware customers is that Broadcom may shed so much of its R&D that they may be uncompetitive in the future over the long term because Broadcom is not putting in the necessary development dollars to drive new innovations So if you are going to milk it for cash flow then it may just wither over the long long term and allow these some of these smaller guys to fill a void that VMware exited out So we'll have to see how it plays out of the mix It's actually out of the over the next 5 to ten years Bloomberg news also reported this week alongside the announcement of this deal that Broadcom is going to come to market $32 billion of debt commitments to the banks have already committed to it How does the balance sheet for Broadcom look kind of pro forma here Are you concerned about that at all Yeah so my assertion I actually ran the balance sheet analysis here They actually have a fairly healthy balance sheet that they've been bringing it down quite nicely prior to the deal on a forward EV to EBITDA basis right now I'm sorry on a net debt to EBITDA basis It's about 1.4 times post deal It's probably going to be about 2.52 .6 times leverage ratio And they're going to still be able to keep their investment grade rating here Now if we think about it from a cash flow perspective they're going to be generating roughly about $25 billion post deal And that's going to still allow them to do a couple of things One bring down their debt At a fairly aggressive fashion Two maintain their dividend Three they also announced a $10 billion share repurchase program So that's not a confidence in the cash flow going forward I don't know what is All right that's good stuff As always Wu jinho Bloomberg intelligence senior technology analyst All right coming up on the program We're going to take a look at a new tax in Europe that could level the playing field in manufacturing You're listening.
Bloomberg Radio New York
"vmware" Discussed on Bloomberg Radio New York
"Biggest deals in the software sector ever Broadcom buying VMware for $61 billion of 44% premium in that record tech deal We're going to get a lot of detail on this from the micro to the macro So let's start broad here with automata Bloomberg intelligence at senior software analyst On a rock if I was to take away one thing from this deal whether it be price valuation what would it be For me it's the importance of software At the end of the day I mean you are a software analyst So I mean I'll tell you ten years ago And in fact Paul is the one who gave me the software coverage I think software is about 300 billion in total spending Now it's over 700 And I won't be surprised that in the next 6 7 years it is going to easily be over a trillion Just because this is exactly where bulk of the spending is going from all enterprises You know anurag you know smart guys like you and a Bloomberg technology Bloomberg intelligence technology like mandeep Singh and Wu Jin Ho you guys have been talking about the cloud for a long time here And this is a deal about the cloud here is cloud still the growth story in tech Yes Paul it is the growth story It is going to be the growth story for another decade We just published a mouse that report that shows that cloud is only about 21% of total spending despite being around for over 20 years and the reason for that is there is still a lot of legacy footprint of legacy technologies from all the older companies that have been in existence and they need to upgrade So do they upgrade and outsource it or do they take the time and money and upgrade it and do it in house Like where are we learning how that shakes out I think it's a bit of a boat so if it is a non critical workload it's okay for you to send this to an Amazon or a Microsoft or the Google If it's a critical workload you may have to redesign your internal IT departments or internal IT infrastructure Over there you're still going to be using a bit of technology from the hyperscale or the large cloud providers But then you're going to use cloud or software products from the likes of Red Hat or VMware or even Microsoft to upgrade your internal system On our just broadly defined it seems like your industry that technology industry wasn't really I don't know that impacted by this past two years of this pandemic I mean the tech spend cycles are so long and they're so I guess in demand there's such a it's kind of like table stakes for so many issues you have to spend a lot on tech Is that kind of what you saw in terms of overall spending levels Yeah it was And it would be expect that trend to continue I think this is the biggest difference in what we are seeing right now compared to the previous cycles because what used to happen was in the old recession days the answer was well we're going into a recession So let's start cutting that spending a little bit So that we can curtail some cost Now don't take me wrong A little bit of that is still going to happen in the next recession over the next 12 to 24 months But we think that's going to impact more of the legacy products that's going to have an impact on some of the hardware spending or hardware upgrades But areas such as security and cloud you're not going to see a massive pullback Does this mean that this industry isn't as cyclical as it once was When the totality the tech space could be which means we could still see the ups and downs in the semiconductor world in the hardware world or even in the consulting practices of some of these companies But when it comes to areas like cloud as I said if something was growing 20% maybe it grows only 15 to 16 but we're still going to see very good growth I'm going to put my banker hat on here And as I looked at this Broadcom VMware deal a big big deal so I was calculating the fees that my banker Friends were going to get But I also recognize that maybe one of the reasons Broadcom stepped up here is it was a relative bargain relative to where it was even a year end Do you think we're going to see more M and a maybe driven by price in the tech space Yeah we also recently published another note that says we have seen a massive decline in valuations over the past 6 months but our discussion is please don't expect any ball games because we have seen certain deals that have happened just in the cloud space and they have gone out at a very very healthy multiple They were a couple of deals by private equity such as Thomas bravo took Anna plan for private at a forward sales multiple of about 13 times We looked at what top 60 companies they are now trading at a forward multi level of about 6 times So we still think the way it's going to be deal activity But please don't expect any bargain Who are some of the acquirers like who really needs to beef up this area for themselves So when we looked at all the large companies a few names that came to our mind were.
Bloomberg Radio New York
"vmware" Discussed on Bloomberg Radio New York
"The tech space Broadcom buying VMware for $61 billion in a record tech deal certainly an active week in tech Let's bring in our senior tech analyst Wu Jin Ho he covers all things hardware for Bloomberg intelligence So what would you have big big deal here Give us a sense of maybe what Broadcom tell us what Broadcom kind of does and kind of what they're trying to morph into with this acquisition Sure Thanks for having me on Paul So Broadcom is one of these leading analog ship makers that make chips for networking gear that make chips for the Apple iPhone They make sure for cable modems right And in the past it's a very cyclical industry So what the CEO has embarked upon back in 2018 is diversification strategy They acquired a company called CA and then if you fast forward a year they acquired semantic security company And then today they've decided to further diversify the business So software becomes 50% of total sales with this $61 billion VM or acquisition So VMware is a cloud company was Broadcom in the cloud at all So VMware makes software that helps enable companies bridge their way to the cloud And one of the chips that Broadcom makes they're actually the leading ship provider for networking gear for companies like Amazon Web Services Microsoft Azure cloud as well as Google So they are the de facto standard for the cloud So this is actually really good question Alex Because it takes a lot of their chip DNA and probably take a lot of the knowledge from VMware and merge it together over the long term So this is a big premium to just a few weeks ago before Bloomberg news that initially reported on the steel earlier Give us a sense of valuation Is this a case where maybe Broadcom said boy the nasdaqs pulled back more than 20% a lot of these stocks are cheaper I'm going to just kind of sneak in there and see if I can grab this thing because they did pay a big premium On Friday's close Yeah it's what a 45% premium But if we think about it from other typical deal valuations and we looked at a fairly closely I don't think Broadcom overpaid for the deal from a P basis it's a 20 times forward earnings on an enterprise value to sales basis It's about 5 times forward sales Now we comped to other large cap mature software companies that have cash generating And the average was actually spot on So quite frankly if anything I think Broadcom paid a fairly fair price it's just that the market is so much And I think this was when they thought it was time strike I can imagine that other cloud software makers are going to look at this deal and be a little nervous There is a go shop period Do we expect other bidders to come in and if not who are they going to be the competitors after Broadcom swallows up VMware There are a couple of names that are floating around who may be interested And I'm not a 100% convinced that there will be another choir But the one company that I did flag was Cisco Systems Cisco has been trying to go on this a similar diversification strategy from the hardware business to more of a soft to morph into more of a software business Two big companies here $60 billion acquisition give us a sense of kind of maybe regulatory hurdles here Is there anything that could put a monkey wrench into this deal Well so there's setting a timeline of one year to get the deal closed They mentioned on the call the anything there wasn't anything that was really flagged on the call That would ring alarm bells We did I did speak with our regulatory analyst colleague January And there wasn't anything that really stood out I'm sure there might be some overlap but if there are any overlaps they're probably going to be small Okay so let's pretend like it goes through What are they going to be the big competitors Well the combined company be stealing Well the big competitor here.
Bloomberg Radio New York
"vmware" Discussed on Bloomberg Radio New York
"Midst of a massive market downturn Google Cloud numbers were array of sunshine in alphabet's latest earnings results Google's cloud business growing 44% in the quarter though Google is still a distant third to AWS and Microsoft's Azure in the cloud infrastructure market Joining me now to talk more about how Google will continue to scale Thomas Kerry and CEO of Google Cloud Thomas great to have you back with us So I'm so curious what your outlook is on this market turmoil and what you're seeing in terms of demand Are you seeing any signs of a slowdown in spending We're seeing that the market is entering while it has some volatility in different parts of the world but technology is seen as helping organizations address supply chain shortages of customers better get online digitally And so demand for cloud remains very strong for us Once you take on this Broadcom VMware deal and how will it change or potentially reshape the cloud landscape You know Broadcom and VMware have both partners of Google and we're thrilled that they are looking at moving forward together We think a lot of customers use a combination of VMware and Google Cloud together and we have a strong program with them To help people migrate VMware workloads to the cloud So we look forward to continuing our work with both companies Now Google Cloud is still growing as I said but it is third to AWS and Microsoft And there's a lot of work to do to close that gap What is the secret weapon going to be How are you going to scale your market share And how long is that going to take to see you get closer To those other competitors Well we are seeing very strong demand for our products whether that is new kinds of infrastructure we're delivering We are now delivering infrastructure capabilities not just to run IT workloads but telecommunications network the announcement we had with bell Canada for example we're seeing a lot of interest in our cybersecurity tools to protect people's networks and applications and data in the cloud And we're seeing very very strong interest for analytics and data products which are being used recently that was a case study we did about UPS optimizing how they were out trucks using our capability for analytics and data So we remain focused on providing great solutions with customers bringing the innovation of Google to customers and doing so at scale around the world And if we do that well we'll continue to grow and we'll continue to grow and gain market share as we have been these last three years You recently did a sustainability survey that found that 50% of executives believe there's hypocrisy in their organization on this topic How so You know sustainability what we found from the survey number one it's a super important priority for 80% of organizations around the world Yet they have difficulty 35 to 40% of organizations struggle with being able to measure their progress because the data about sustainability is not as easily measurable for a variety of reasons And a number of organizations now need help to progress towards the sustainability objectives And we at Google are helping many organizations do that Now how do you make sure that hypocrisy doesn't exist at Google And this has been a criticism of all the big cloud companies For example you do work with oil and gas companies You do sell your services to those companies Where do you draw the line We sell our services to all and gas companies not for exploration and production But to the environmentally clean or the green parts of these companies for work that they're doing we're also helping all in gas companies decarbonize in a variety of different places And we help them with things like distribution et cetera in their retail stores and other things But we're not doing work in the exploration production business The second we do help many.
Bloomberg Radio New York
"vmware" Discussed on Bloomberg Radio New York
"More companies can change the gender balance of their cap tables in one fell swoop All of that in a moment but first I want to get a look at the markets where tech stocks staged a comeback at ludlow here with the latest Ed finally some good news Yeah finally we still kind of this broad equity market rally tech at the heart of it retail the heart of it will touch on in just a moment You see the NASDAQ 100 up 2.8% biggest jump for that tech heavy index in a week It was interesting because I was going through the Bloomberg It's the first back to back gains we've seen two days of gains in the NASDAQ 100 In almost four weeks which kind of shows how things have been recently right very much in the red and you see that across the technology sector semiconductors up the mega caps also if there was an area of pressure or some selling across financial markets it was in altcoins Do you see ether on your screen There's green there because we're going into the next day's session but it's at around $1800 per token well below the 2000 level that technical analysts are looking for and cover means by Bloomberg terminal Let's call it right now Let's end it right here Because the NASDAQ 100 on a weekly basis is in the green It's Thursday Let's just call it because then that way we snap 7 straight weeks of declines It looks like we've turned a corner You can't hang your hat on one week but my goodness do we need some positivity Do we need some green We're up almost four percentage points So then that's that 100 so far this week Please Friday Don't ruin it I've had enough A big part of the story when you come back to me in the studio is earnings and video actually missing estimates particularly on the forecast but that stock up 5% the market sanguine Macy's incredible up 19% lots of confidence upgrading their profit outlook people still want to buy fancy stuff I love fancy stuff And how much do you think all the M and a we're seeing this big tech deal the number of deals we've seen in general is a signal that maybe we're turning a corner Well it's interesting because I joke about that chart but there is a feel good fact right A lot of activity I love M and a in the tech sector Twitter up 6 percentage points on Thursday tests are up almost 8% and the big story here of course is Musk adjusting the financing package for his bid to buy the company getting rid of the margin loan component and bringing in more equity financing Some bullishness that this deal might happen Of course the other big story is Broadcom VMware massive $61 billion deal Bloomberg scoop We were first to report that they were in talks We got official confirmation on Thursday What does this mean for the company What does this mean for this health the technology sector broadly It's a really interesting timing Indeed at ludlow thank you I want to stick with that Broadcom deal for VMware now and bring an angelino of CFR as well as our very own Lyanna baker Lyanna your team broke the news of the steel Here we are It officially being announced talk to us about the nuts and bolts the new things that we know now that maybe we didn't know earlier this week Sure so we saw the exact price of the deal although it does keep sort of fluctuating because it's 50% cash and 50% stock So it'll change day by day But we did see that it's about 61 billion which is a pretty big premium for VMware but maybe not as high as it would have been had it not been for this tech sell off Another interesting angle on the deal is that VMware can solicit other offers So we're going to be monitoring whether there's a bidding war and who else could emerge because they have 40 days to potentially find a new buyer Angelo are you thinking there could be a bidding war here Are there other suitors out there I mean sort of likely others that might pick up the phone and inquire about it but to be honest with you as far as the terms of this deal is concerned that the price here I think it's a very compelling offer out there for VMware investors And at the end of the day I do think the fuel kind of goes through via the hands of Broadcom Leanna what do we know about how Broadcom intends to run VMware Will it stay independent Which of Broadcom services will they emphasize which might be de emphasized So I interviewed the Broadcom executive Tom Krause today who helped engineer the deal and he mentioned that they're going to rename the whole software division of Broadcom VMware So I think VMware almost is sort of going to run the rest of Broadcom's software So we'll have to see but it may take a year for the deal to close So we won't see anything just yet but Broadcom does like to keep its franchises intact I'm sure they'll try to raise margins but I would expect that not a lot will change once the deal closes So Angelo how competitive do you think a software portfolio within Broadcom under this VMware umbrella will actually be I think haack has done an absolutely fantastic job here kind of transitioning the company around into one that's also heavily stocked by driven And I think this really is going to kind of be that crown to roll for their software business It really doubles the size of that business right So it gets into the early half of their revenue base there Was the run rate was about 25% of sales So at the end of the day I think this definitely kind of significantly improves the growth profile of that software business which is extremely important This was a business that was kind of growing very low single digit pace And you kind of look at some of the assets they've acquired a lot of a lot of those inquired assets was a really kind of just from a free cash flow potential Jim could improve the cash flow generation of that company What VMware does here is it really kind of catapults at least the growth potential within that software and business towards one that's more kind of mid single digit range So definitely more compelling I think long term for that software business within Broadcom Leanna we were looking at a chart of the big tech deals that have been done in the last few months going all the way back to Microsoft and Activision are you expecting more big deals this year Are we moving into an environment given what we're seeing in the markets given valuations coming down given potentially companies looking for a safe exit are we moving into a time of big time M and a Well the tech bankers I talked to would love to say sure there's going to be a big deals and deals beget more deals but you have to understand that Broadcom is a very unique animal They've been searching for a big elephant acquisition for years They hadn't done one since 2019 So that's a company that really likes doing deals and I wouldn't necessarily say that Broadcom's competitors are suddenly going to follow suit but it is interesting that the tech sector has been one of the bright spots of the M and a market which is down year over year So software companies especially are very resilient I'd expect we're going to see probably some more big deals this year which will keep me busy Well Broadcom did want to buy Qualcomm a few years back It didn't happen under the Trump administration Angelo are you expecting any regulatory pushback here I mean listen I think as far as Disney is concerned the stuff we're going to get looked at I mean I definitely if you want to kind of ask me actually there's very little overlap between Broadcom and VMware.
"vmware" Discussed on WTOP
"News at 25 and 55 past each hour watching Wall Street the Dow is up 460 points the NASDAQ ahead 216 and the S&P up 63 One of the biggest IT mergers ever is confirmed this morning Here's Jeff clay bob Broadcom confirms plans to buy VMware for $61 billion as a third largest tech merger ever behind only Microsoft's pending $69 billion active vision merger and bell's $67 billion acquisition of EMC back in 2016 It'll expand Broadcom from chips to enterprise software consumers who can afford it are not pulling back on home goods in the face of inflation Williams-Sonoma sales were up 8% last quarter It also owns west elm Where sales were up 13% and pottery barn where sales were up 15% Justin Timberlake is the latest artist to catch in on his catalog Selling song rights are reported $100 million to investment firm BlackRock Timberlake is only 41 years old much younger than other artists selling like Stevie Nicks Bob Dylan and Bruce Springsteen Jeff cable double TOP news Survivors telling their story from the elementary school shooting massacre in Texas We'll hear that next Ten 56 You can't get much for 5 bucks these days Unless you go to Wendy's for a $5 piggy bag Get your choice of double stack junior bacon cheeseburger or crispy chicken BLT Plus four piece nugs fries and a drink All for just 5 bucks You're the bad guy That.
Bloomberg Radio New York
"vmware" Discussed on Bloomberg Radio New York
"You so much All right this is gonna be a tale of where reporting out this story is probably even more interesting than the story itself Excuse me everyone It's a market moving story It's totally market moving story Intrigued behind the scenes is pretty good too So should we get to it Yeah leanna baker is deals team leader for Bloomberg news She's with us in the Bloomberg interactive broker studio Lyanna and her colleague for busy yesterday breaking the news that Broadcom is said to be in talks to buy VMware We do see Broadcom lower VMware surging on this story Good to have you with us Can you take us through your weekend and just what happened when this news broke because you broke this story yesterday Sure So on our team we usually have someone on the weekend shift but I took off this weekend because it was my bridal shower Congratulations Thank you Congratulations So thought the coast was clear but I had my phone in my hand to take some photos I was with my future mother in law and the call came in that the deal was in the works So luckily I cleaned up quickly sent people on their way luckily things were dying down by then And we started working the phones and luckily around 7 o'clock We did break the store the Broadcom was and talks about VMware All right I'll shower to remember All right above and beyond Bloomberg is you like a couple of wedding presents Right there and that Maybe a cop day too Yeah or maybe like a pay for the honeymoon or something Unbelievable All right so just kidding just kidding Well maybe not Let's get to the story because this is massive And what I like about these stories at a middle of this market volatility companies are talking about or possibly doing mega deals So one thing that it does seem counterintuitive why is big strategic M and a happening right now especially in the tech sell off But if you look at Broadcom and VMware stock say fallen in tandem So as long as you are trading in the same direction as the partner in your deal you could still do a deal If they're trading in different directions that would then be problematic But we are going to see deals like this as things slow down It's not a distressed deal though It's not like the type of deal that we'd see in a bear market or a downturn where we see some high flying stocks having fallen 70 80 90% Like private equity coming in and swooping up some of those companies It's totally different than that Totally Broadcom under CO hawk tan they've been on the lookout for big acquisitions They wanted to do something to really move the needle and software They've done deals before you know 10 billion 20 billion but now at over 40 billion this would be its largest to date in software So just very deal hungry VMware has been doing deals also for years since Dell bot EMC back in 2016 EMC had controlled VMware and Michael Dell the billionaire is the top shareholder in VMware So he's had his hands in this deal for a long time and he's made a lot of money out of the hem were already but this will be sort of the final chapter should they end up selling Leigh Anne I know you're the deals person on here So looking at it from that perspective But a transaction this has been a pretty inquisitive company Strategically are people saying this makes sense Sure So Broadcom does a lot of financial engineering and they're almost like a publicly traded tech private equity firm for all the deals they've done But we are hearing that there are synergies here and some of Broadcom's customers could benefit from being upsold infrastructure software from VMware So it's very complicated and kind of the guts of what runs the Internet is what these cloud companies are doing But yeah we're hearing that there are some cost cuts and synergies that could happen here Just the latest from you and Ed Hammond crossing just about a half hour ago The deal is said to come as soon as this week What's the latest there Sure So when we reported it yesterday we didn't know what stage they were in but now we could safely report that the deal could come as early as this week There are some earnings that are planned so we're keeping an eye on it Although no deal is ever done until it's announced even then as you can see with Elon Musk and Twitter even if you announce a deal it's not a dumb deal until it closes So we'll be keeping an eye on it to see what happens Is there a chance that somebody else comes in So VMware has been publicly traded for a while and different companies could definitely swoop in I wouldn't be surprised if they're looking at it right now Always on the cusp of a sale to someone else You get that final look So we'll be chasing it as of now nothing to report What does the landscape look like right now We've been talking a lot about well uncertainty and unease with the public markets and the economy and typically during that time you'd probably see a decline in deal activity What are you hearing from your sources So we are seeing that general M and a activity is down 30% compared to last year but last year was a blockbuster year so that doesn't mean M and a is dead if you're down 30% Tech deal making has been a bright spot like you see with this deal today and also private equity firms are licking their chops They're looking at every software company under like 10 billion and thinking I'm.
"vmware" Discussed on a16z
"About is hugging this commercial relationship help me scale my revenue facet and I could on my own. And if this relationship down the road turns into something more strategic than that particular company could have that M and a conversation down the road, but it's really be focused on commercial strategic relationship. And if it turns into something that's more strategic in nature, we could all have that conversation on the road. Okay, let's get deeper into this. Having this preexisting commercial relationship is clearly important in the two parties getting to know each other, but what are some of the actual valuation implications and dynamics that work here? So one of the reasons why you want to have this commercial relationship for a couple of years is a seller, what you want is you want the buyer to take a pricing risk. What I mean by that is you want the buyer to pay a price that the buyer feels uncomfortable with. And that's when you know that you're maximizing your sale price. And in order for any buyer to do that, they have to have internal champion. And total champion could be an EVP or general manager of a business unit that is sponsoring the acquisition. And unless that person has the conviction based on historical commercial relationships, it is going to be very difficult for that person to pound the table and take on the pricing risk that the seller wants. And so this is exactly the reason why you want to have that preexisting commercial relationship. Okay, so that gives us the landscape of the different types of M and a scenarios and how they affect price. Let's move on to the next step and think about actually making the decision on whether to be acquired or not. So let's take an example of a company that's doing well, has some strategic value to a potential acquirer and is being quote acquired rather than quote sold, which frameworks should those founders be using to make this decision. This is like one of the more significant questions and founder of faces at any point in time. The goal from a founder standpoint and in fact, the board standpoint is to maximize shareholder value. But that's this kind of fairly simplistic sentence for very, very complex landscape. And I'll give you some examples of why that is. So say, for example, you're doing well and you think you're going to do well, but there's another company, a public company that's also doing very well. And you can sell to that public company in exchange for the equity of the company. It may be the case that the actual shareholder value would go even greater because you're now selling to a larger company who is also doing very well. It also may be the case that there is a company that has an incumbent that has a very strategic position and whoever they acquire, they can king make. And so even though if you stayed independent, you would acquire more value if they bought somebody else than that would diminish your value. And so, you know, it's better to be in that position than somebody else. Or it could be that somebody offers a very good risk adjusted value. Meaning, yes, maybe if you did it for ten years, you could hit that value, but there's a lot of risk to it. And so there's always a very complicated calculus. Every founder needs to go through on this question. And in my experience, having faced it myself many times, there's no simple answer. So how did this play out for you? You cofounded neisseria and were acquired by VMware and you'd also cofounded an earlier company that was acquired..
SECTION 9 Cyber Security
"vmware" Discussed on SECTION 9 Cyber Security
"I don't think you can do much beyond that. I don't think you can attach more documentation to it. Maybe in the paid version you can do that, or maybe that's hiding someplace. I haven't been yet. So we'll have to take a look at that. But overall, I really like rumble in the way that it works and how simple it is. Because in a short amount of time, I was able to get it to do a scan and discover devices on the network. The challenging part for us when we do our scans is that we have multiple subnets. And rumble doesn't auto detect subnets, not in the free version. So what that means is I have to have a list of all our subnets, and then I have to be careful about where I place the agent because the system I put it on has to have access to all of the subnets that otherwise they won't see it. Got it. Exactly. So when I did my initial scan for our current location, it found everything, because I put the two sub nights in, got it all. When I tried to scan the lab environment where we have our VMware server, a bunch of other stuff, it missed a couple of subnets. Now I took the time to go look at our network diagram, pull up all the subnets. I went in and looked at our fournette firewalls and our Wi-Fi and all of that to make sure that I had all of our subnets listed so that I can punch those into rumble and do the scan. And of course, the first few times I did it, I missed a few subnets. So when I did it after looking at all the necessary documentation and the devices and all of that, all the correct subnets are in there, but they don't all show up. Because I'm in location a, scanning across the VPN in location B and I don't have access to all the subnets. So some of the subnets don't show up. But why don't you have access to all the subnets? Because from our current location, we don't have routes to those other subnets. So I can't reach them. Oh. So if you don't have all those things set up properly, it's not going to make it. And that's okay. Because maybe I don't want to have access from location a all the way over to location B on that other subnet. Maybe there's a reason we have it configured that way. And so I may have to set up another agent inside of our lab and I was going to do this on our VMware server is a VM, and that way we have an agent in the lab that has access to all the subnets in that location. And then when I do the scan using that agent, it will work just fine. I guess I just thought if you go through the VPN, this thing can go and do this or through the VPN. Access to all subnets is not guaranteed, unless you configure it that way. So there's a bit of a routing situation here where you have to configure that. So there are some things because there are network is so complicated. We have multiple subnets, we have routing issues, we have a VPN connection, multiple locations, we think about these kind of things. But if we summarize here and we look at.
Bloomberg Radio New York
"vmware" Discussed on Bloomberg Radio New York
"Stocks And some of the names that are moving in the pre mark of this morning For that were joined by Bloomberg radio and TV markets correspondent Gritty Gupta I think we're waiting for dear to come out right We are on dear watch For deer pre market shares up 0.2% They should have been out by now but we'll let you know if they do In the meantime though plenty of other earnings to talk about kicking it off with Nordstrom ticker JW those shares are down about 27% in the pre market after saying they're poor inventory planning at its off price rack stores dragged on third quarter revenue growth city calling it quote a big EPS miss and Jeffries downgrading the stock to a hold from a buy thanks to rising transformation costs while execution slips a similar story over at gap ticker GPS those shares are down 8.5% in the pre market after they miss their estimates and lowered their 2021 forecast Thanks to supply chain bottlenecks led that led to lost sales and higher expenses analysts lowering their price targets across the board saying the management team has created a near term credibility issue and confidence needs to be restored on the upside though you have HP reporting quarterly revenue That beat expectations helped by a better supply of components to meet rising corporate demand for its personal computers ticker HPQ those shares are up 7 and a half percent in the pre market and similar story over a Dell Technologies to your DE LL those shares are up 2% in the pre market after they also posted revenue that beat Wall Street estimates That is also thanks to power or thanks to corporate and consumer spending on personal computers both of which reach company records in this last quarter Also looking at some of the software enterprise software Right So we have some consumer spending on personal laptops basically but on the business side starting to hit some hiccups of VMware speaking of Dell which is actually a spin off of Dell This is their first report since that spin out of its controlling position to its shareholders The enterprise software company posting third quarter earnings that edged past street estimates was really all thanks to its legacy software licensing segment those shares are down 1.6% apparently not a big enough beat for investors to catch that bid You also have autodesk ticker ads down 13% in the pre market after the building software maker narrowed its full year outlook prompting analysts to cut their price targets on the stock worries that issues with supply chains and the pandemic could impact its targets for 2023 That's what's weighing on the stock this morning You also have Anaplan down 17% of the cloud platform developer boosting its fiscal year forecast Thanks a lot Our radio and TV markets corresponded this morning And ahead of the cash open down futures right now down 111 points S&P futures down Ten and the United States future is 33 points lower This is Bloomberg daybreak Now streaming on peacock What's behind the door Your worst Fingers Time to bite your deal Ready to hand to monster Good girl in the Woods Streaming now Only on peacock.
Daily Tech News Show
Intel CEO Bob Swan to step down, VMware CEO Pat Gelsinger to replace him
"Intel announced that ceo. Bob swan will step down. Affected february fifteenth after two years on the job. Pat gelsinger ceo. Vm ware and former until cto will take over. As ceo of intel intel executive chairman omar ish rock said that guessing are will lead until transformation from being cpu company to a company that makes multiple kinds of architectures bob swan was previously. Cfo of intel and expertise lied in finance not. Being in december dan loeb's third point hedge fund had encouraged intel's board to explore
"vmware" Discussed on MarketFoolery
"We're going to start with some surprising news from intel. Ceo bob swan is stepping down. In mid february in june of twenty eighteen he was appointed interim ceo of intel in late january of twenty. Nine thousand nine. The interim tag was removed but suffice to say swan has faced a number of challenges over the ensuing two years and he is on his way out. Moving into the corner. Office is pat gelsinger. Who is currently the ceo of vm. Ware and for anyone wondering what. The investing world thinks of all of these moves. Shares of vm. Ware down six percent this morning and shares of intel up eight percent. Yeah so you've got gelsinger who previously had been at intel <hes>. As the chief technology officer and of course swan came up and was promoted interim and then permanency. Oh having been the cfo. So i think one of the <hes>. Takeaways that one can take here is that this is perceived to be a technology issue <hes>. And the solution comes into <hes>. Comes from technology <hes>. Not from financial expertise <hes>. I don't think there's any accusations that that's one wasn't getting the job done from you. Know the numbers point. It's day are falling behind on the technology and it's time to make a change. Yeah i mean you think about everything. That's happened with them. Over the last couple of years we've talked on this show about. Amd continuing to eat into intel's market share. You know apple though. The longtime partnership that intel apple ended after fifteen years. So i understand why shares of intel would be up on bob swan leaving. That said i d. Do you think there's maybe a little like when you take these two together when you take the let's just call it. Fifteen percent difference between the rise in intel and the drop vm. Where do you think it's a little overstated. And the reason. I ask that is because guessing was. Ceo of vm. Ware for eight. Plus years the stock up about thirty percent over the entire. Let's call it eight and a quarter span of his tenure as ceo. So it's not like vm. Ware shares were setting the world on fire under the tenure of pat gelsinger. Yeah i don't know that <hes>. The world is looking at vm. Ware and saying how they ever replicate <hes>. What they've been able to accomplish with with anybody else in that role <hes>. But it may be a look. He's a commodity value enough that intel which despite going not not going nowhere as a stock for twenty years but going down and then most of the way back up. But that's that's what you're talking about twenty years of long-term buy and hold nothingness if you got in sort of at the top back in two thousand and i think that it's fair. Question to ask. Is whether vm. Ware is losing nearly as much as intel is hopefully gaining here <hes>. I think that they change is being made at all is going to be. Maybe the lion's share of the stock movement today on intel if i had to just wildly guests <hes>. Through the markets actions. You've got third point having been pushing for changes <hes>. From intel intel says. It's got nothing to do with that nothing to do with you. Know the pressure. We've been getting from third point. This is this is all independent of that pressure. I don't think that's the case. And i think that <hes>. Any change is going to going to explain a bump in intel at this point
Intel Pops, VMWare Drops (For The Same Reason)
"We're going to start with some surprising news from intel. Ceo bob swan is stepping down. In mid february in june of twenty eighteen he was appointed interim ceo of intel in late january of twenty. Nine thousand nine. The interim tag was removed but suffice to say swan has faced a number of challenges over the ensuing two years and he is on his way out. Moving into the corner. Office is pat gelsinger. Who is currently the ceo of vm. Ware and for anyone wondering what. The investing world thinks of all of these moves. Shares of vm. Ware down six percent this morning and shares of intel up eight percent. Yeah so you've got gelsinger who previously had been at intel As the chief technology officer and of course swan came up and was promoted interim and then permanency. Oh having been the cfo. So i think one of the Takeaways that one can take here is that this is perceived to be a technology issue And the solution comes into Comes from technology Not from financial expertise I don't think there's any accusations that that's one wasn't getting the job done from you. Know the numbers point. It's day are falling behind on the technology and it's time to make a change. Yeah i mean you think about everything. That's happened with them. Over the last couple of years we've talked on this show about. Amd continuing to eat into intel's market share. You know apple though. The longtime partnership that intel apple ended after fifteen years. So i understand why shares of intel would be up on bob swan leaving. That said i d. Do you think there's maybe a little like when you take these two together when you take the let's just call it. Fifteen percent difference between the rise in intel and the drop vm. Where do you think it's a little overstated. And the reason. I ask that is because guessing was. Ceo of vm. Ware for eight. Plus years the stock up about thirty percent over the entire. Let's call it eight and a quarter span of his tenure as ceo. So it's not like vm. Ware shares were setting the world on fire under the tenure of pat gelsinger. Yeah i don't know that The world is looking at vm. Ware and saying how they ever replicate What they've been able to accomplish with with anybody else in that role But it may be a look. He's a commodity value enough that intel which despite going not not going nowhere as a stock for twenty years but going down and then most of the way back up. But that's that's what you're talking about twenty years of long-term buy and hold nothingness if you got in sort of at the top back in two thousand and i think that it's fair. Question to ask. Is whether vm. Ware is losing nearly as much as intel is hopefully gaining here I think that they change is being made at all is going to be. Maybe the lion's share of the stock movement today on intel if i had to just wildly guests Through the markets actions. You've got third point having been pushing for changes From intel intel says. It's got nothing to do with that nothing to do with you. Know the pressure. We've been getting from third point. This is this is all independent of that pressure. I don't think that's the case. And i think that Any change is going to going to explain a bump in intel at this point
MAD MONEY W/ JIM CRAMER - Full Episode
VMware: Why you should watch this stock
Bloomberg, Walmart and Michael Dell discussed on Bloomberg Surveillance
"Bloomberg radio bloomberg the world is listing this is a bloomberg market minute walmart expects to record a noncash net loss of about four and a half billion dollars in the second quarter this is from selling a majority stake in its brazilian unit to advent international walmart will retain a twenty percent stake in its brazil unit upon completion of the transaction dell technologies reports a solid firstquarter revenue climbed nineteen percent and adjusted earnings rose thirty three percent ceo michael dell has been considering strategic options for the computer and server maker such as a combination with software affiliate vmware or an ipo for dell bayer is just days away from transforming itself into the world's biggest maker of seeds and agricultural chemicals saying it plan is to close its purchase of monsanto on thursday it's the third in a series of industry megadeals following dow chemicals merger with dupont and china national chemicals takeover of syngenta s and p futures up nine points gina cervetti bloomberg radio.