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IBM nearing a buyout deal for HashiCorp, source says

reuters.com

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Re: IBM nearing a buyout deal for HashiCorp, source says

#71

Earlier quoted context omitted.

I think the parent comment may be a reference to IBM being caught in the past deliberately firing older workers.

Allegedly, but not proven, right? https://www.reuters.com/legal/litigation/ibm-wins-another-ru... https://www.theregister.com/2024/01/23/ibm_supreme_court/

The lawsuit hasn't been brought precisely because IBM fought tooth and nail to cut off access to the courts.

Not the sort of thing you do for the hell of it.

Re: IBM nearing a buyout deal for HashiCorp, source says

#72
post #4

synergy with Red Hat if this acquisition is done well

The IBM stock being below where it was in 2013 probably means it won't be.

I fail to see how 2013 has anything to do with what the OP said. RH was acquired in 2019. Stock is up $50 since then.

Re: IBM nearing a buyout deal for HashiCorp, source says

#73

Wasn't on my bingo card, that's for sure. Say what you will about big blue, they repeatedly seem to know who to acquire in order to buy themselves another 10 years of relevance.

They are almost 100 years old which is an accomplishment. I wonder how many they have left. I bet a big chunk of that depends on companies still running AS/400 systems.

"Infrastructure", which includes z mainframes (called out by name) and I assume iSeries also (though not called out), is the smallest segment of IBM's revenue.

See page 17: https://www.ibm.com/annualreport/assets/downloads/IBM_Annual...

Re: IBM nearing a buyout deal for HashiCorp, source says

#75

Wasn't on my bingo card, that's for sure. Say what you will about big blue, they repeatedly seem to know who to acquire in order to buy themselves another 10 years of relevance.

Please file in a calm and orderly fashion toward the exits and remember: IBM killed Centos for profit.

Terraform users can pick up their new alternative here:

https://opentofu.org/

and for those of you with Vault, you can find your new alternative here:

https://openbao.org/

Re: IBM nearing a buyout deal for HashiCorp, source says

#78

Earlier quoted context omitted.

Aren’t they always fighting the last war?

IBM is good at selling to large organizations. Large organizations are risk-averse, and prefer not to buy bleeding edge. IBM is pretty much institutionally specialized to sell what was hot last year (or last decade). People might make fun of this, but I'd like to note that there is a lot of very stable revenue in their business.

I'd also point out that given just how bloody the bleeding edge of software development tooling is, only investing in things that have managed to stick around for a decade sounds pretty damn smart.

Hell, React alone has been through 3 or 4 different paradigms in the last 10 years.

Re: IBM nearing a buyout deal for HashiCorp, source says

#79
post #60

Mitchell, one of the co founders, left HashiCorp in December 2023 [1] It’s either terrible timing (missed on more money?) or he knew about it and decided months in advance that it’s not worth the trouble of staying on (ie, look at the aftermath of the RedHat and IBM acquisition). [1] https://www.hashicorp.com/blog/mitchell-reflects-as-he-depar...

he transitioned to IC way before he left
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