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-40% YTD stock performance vs. S&P 500 or semiconductor sector

Senior Engineer
Current Employee
Has worked at Broadcom for 6 years
October 10, 2013
Irvine, California
2.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros

This review is for the mobile platform group.

Basically, work and life can be in balance, except during bring-up or critical issues.

Nice campus in Irvine.

Cons

If a stock is -40% versus the S&P 500 index, usually the CEO and/or high-level management should take responsibility. The board should notice and do something.

Many critical and expensive mistakes have been made by management, for example, the bad acquisition of a $400 million LTE company, which turned out to be a dud. To fix this, another LTE company was acquired.

The mistake is likely reflected in the stock price.

I am not seeing any high-level management resigns or leaves over this mistake.

Now, in order to merge, they need to cut costs by letting go good, existing people. How about the super top management?

A director also made a bad decision over software integration strategy that was costly, but he is still hanging around.

Advice to Management

Improve decision-making and avoid costly mistakes. You are late in mobile tech because of bad decisions.

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