I’m surprised by the comments here.

The Broadcom business model (outside the chip business) had been pretty well known, and they don’t really hide it.

They are tech bottom feeders. They find large businesses with a decent moat and free cash flow but are in long term decline (and wasting cash trying to find something new). They buy them, cut development, support and marginal products. Raise prices and squeeze as much as they can.

It’s the same modus operandi as private equity but worse, because Broadcom has the money and technical resources to do interesting things with the technology, but they don’t.