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CoronitaParticipantwhen Broadcom was acquired by Avago, old timers made out like bandits with the “rest and vest” thing, and went to other companies that paid roughly the same in total compensation. Moved up my retirement by about 5 years.
Newer/younger employees with limited RSUs/ESPP got a nice severance and did ok too,though they couldn’t retire yet.
I would assume the same thing happens between Qualcomm old timers and new timers, especially with all the change of control ‘poison pill’ provisions the board is trying to adopt now.
Some of the old timers rest and vesters were looking to retire anyway in their 40ies and 50ies(forced layoff and/or more sinister PIP’d out), so this might just sweeten the deal….
If I were guessing, there is collusion going on between Apple and Broadcom to bring Qualcomm down.
But obviously no proof.Apple is an evil company BTW.
I’m looking to fill 5 positions, and so far the Qualcomm candidates that I’ve seen, i get the same answer “we’re not actively looking right now. We want to see what package we get if Broadcom is successful”…So the job market apparently is still pretty good.
CoronitaParticipantThis past week is one of the reasons why I chose to pay off the mortgage off of most of my properties. When panic hits the streets, and markets tank, and my 401k is off $80k+ from peak in a little less than 2 weeks….
No matter what, i still have a roof over my head with minimal strings attached to a bank.
In hindsight, it would have been good if I paid off that $39k balance on the last rental property too. Because that amount (after taxes) went out the door in two weeks. lol.
Market correction?
Bring it on.CoronitaParticipantTime to make my monthly index fund purchases…dow down 1000+pts. ouch.
CoronitaParticipantBitcoin < $7000. Ouch... Markets also ouch... Another 500+ plunge or so, and I'm guessing all folks that moved money at high will sell and eat a loss....
CoronitaParticipant[quote=carlsbadworker]It doesn’t look like it will go through. QCOM stock price is actually down today after BRCM raises the price. However, if they refuse the offer, they will still have to do some layoff to show that they are streamlining their internal operations and prepare it for growth.[/quote]
I think the stock price movement today has more to do with the entire markets getting spooked by inflation and more rate hikes….
Dow down almost 1200pts in just 1.5 weeks. January looking to be a bad time to have moved a significant amount of money into the markets….Well, I guess it could have been worse. Folks that bought bitcoin in January.
CoronitaParticipantThe interesting part about the Broadcom acquistion of Avago was that the number of employees impacted wasn’t that significant in SD.
Most of the employees impacted worked for the LTE group, which were already going to lose their jobs when Broadcom pulled out.
The wireless connectivity group was mostly in SD and was one of the bread and butter operations, next to the network chip group in Irvine. The wireless connectivity group got sliced and diced between partly being sold to Cypress Semiconductor (the old IOT group which is doing pretty well) here again in SD and also to NXP (the old NFC group)…Avago kept the rest of the Wireless Connectivity Group because still has a large customer basis: Samsung, Apple, LG, and other tier 1 customers….
Avago is good news for stock holders, terrible news for employees that still work there…Can you say sweatshop? You almost want to get laid off if your company gets acquired by Avago and take the package and let everyone still working their kill themselves working so your share price keeps going up.
CoronitaParticipant[quote=scaredyclassic]ugh. i needed the discount 20 years ago.
now I’m financially ok.but wait. what’s this about refilling mcdonalds cups…[/quote]
I see a lot of old buzzards bring in their old MCD coffee cups and/or soft drink cups from previous visits, just so they can get a free refill. Like I said, who’s going to argue with an old guy that the drink wasn’t purchased during the current visit?
CoronitaParticipantactually most fast food places offer a senior discount
https://www.dealnews.com/features/The-Best-Senior-Discounts-from-A-to-Z/987339.html
but actually scardey…..if you are an old buzzard now, I doubt anyone would say anything if you keep bringing in that old coffee or soft drink cup to McDonald’s and ask for a refill.
CoronitaParticipantIHOP offers senior discounts, not sure when it starts.
did you get your AARP card yet?
CoronitaParticipant[quote=moneymaker]A lot of variables to consider, your age, your risk tolerance, kids (college fund), desires (possibly wifes desires here too), where is the money coming from? In my case I have less to pay off at a lower rate, however I can still deduct and not get hit by caps. Personally I would pay it off if the money is coming out of the stock market, but hey I’ve been wrong many times before so I think you should consult the wife. If the money is sitting in a money market account then I would say it is probably a wash and don’t lose any sleep over it. Max out 401k/IRA/college fund and then count your blessings.
You should have already refi’d into a 15 year to get the best rate and deduction, if you didn’t then that’s one more thing you can kick yourself for.[/quote]I think for those of you that can, you should take advantage of the tax free distribution of the 529 college savings plan, but working with a trusted relative that sends their kids to a private school, in which you pay for their tuition and they gift you back the cost of the tuition, so you can get all of your investment returns in the 529 plan tax free.
CoronitaParticipantthere is a sense of relief not have a large debt load hanging over your head.
My good friend and ex-VP once said something during my annual bonus/review cycle like “I guess being that you are debt free and more or less financially independent, we have to treat you nicely otherwise you might give us the finger and leave….”
I smiled and said, “yeah, pretty much”…
İ ended up getting the largest RSU stock grant ar my level that in my department that year.
CoronitaParticipantSpend, drill, deregulate….
Gold, energy, banking.
CoronitaParticipant[quote=harvey][quote=flu]
I am not one to comment about it. [long paragraph of comments…][/quote][/quote]whatever.
CoronitaParticipant[quote=ocrenter][quote=flu]Buy bitcoin instead.
If you’re trying to get rich quick by timing the market, speculate on bitcoin. It’s so volatile that the price wildly swings by +-1 $1000 almost each day…So it’s perfect for people who try to time the market.
On the other hand, if you plan on doing a long term buy and accumulate and actually invest, drip a few hundred/thousand into an S&P500 index every month for the next 5-10 years and forget about it.[/quote]
20 something medical assistant at work was really gun-ho about bit coin, quieted down some over the last couple of weeks…[/quote]
I am not one to comment about it. I just don’t get bitcoin or crypto currency for that matter. I know the few younger engineers that work for me are crazy about it. the rest of the older engineers are like WTF..The ones talking about it are the ones that were still in college a few years ago when they bought a few coins around $100, not now when it’s $15k… I think for most of them, they are trying to figure out how to sell and pay taxes on it. some are trying to convert into hard money like gold bullion. i think that might be why if you go to eBay these days and look at some of the coin purchases from leading reputable dealers, you’ll suddenly see a lot of block purchases in which some purchases 35 1 ounce coins at once, at $1300ish a piece when prices where such that those coins were $40 above spot prices when gold was still in the $1280ies…some people were in hurry to buy a lot of gold quickly. it didn’t use to happen so frequently I think, and especially not when the spread from spot was that large. I could be wrong, but I swear there is uptick in these larger transactions and I am guessing it’s all the crypto currency holders converting into hard currency…. One of my friends did mention Bitcoin to me back years ago when it appeared in wired magazine. He was very anti-stock market and traditional speculation in the markets. Hopefully, he took advantage of the opportunity.
instant gratification and get rich quick!!!!!
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