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IBM to buy HashiCorp in $6.4B deal

reuters.com

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Re: IBM to buy HashiCorp in $6.4B deal

#351

Post by janosdebugs »

NomDePlum wrote: post #316
janosdebugs wrote: post #290

Earlier quoted context omitted.

For OpenTofu specifically, having DI for implementing state encryption would have been really nice. Of you look at the PR, a lot of code needed to be touched because the code was entirely procedural. Of course, one could just make a global variable, but that is all sorts of awful and makes the code really hard to test efficiently. But then again, this is a 300k line project, which in my opinion is way beyond what Go…

Out of interest what language do you think would have been more appropriate and why? For that size of codebase I'd have thought code structure and modularisation would be more important than language choice.

I wish I had an answer to that, but I don't know. I only worked on projects of comparable size in Go, Java and PHP. Java was maybe the best for abstractions (big surprise), but it really doesn't lend itself to system-level stuff.

Re: IBM to buy HashiCorp in $6.4B deal

#352

Post by czbond »

cqqxo4zV46cp wrote: post #176
czbond wrote: post #45

Earlier quoted context omitted.

IBM M&A person: "We'd like to buy you in all IBM stock! " Hopefully someone at HashiCorp: "Hell no, cash please"

Ugh, and have you actually looked at IBM’e share price? Or is it this because IBM isn’t cool to you? A bit rich for a community that’ll go work for shares in some dinky web app startup.

Yes I did, it was overextended by about 30 points yesterday

Re: IBM to buy HashiCorp in $6.4B deal

#353

Post by lbotos »

glenngillen wrote: post #321
lbotos wrote: post #284

Earlier quoted context omitted.

I don't know how pre-public to IPO RSUs work but let's do some math assuming IPO day is "day when RSUs vest": IPO day and you get 1000 RSUs unlocked/vested. Share price is $80. You made 80k gains. For simplicity let's say you owed 40K in taxes. One of two things happens: - Hasihcorp auto sells to cover and you get 500 less shares. - You need to pay your taxes on your own and earmark 40K. Let's pick the easy one: If H…

I don't need to make any assumptions about anything here, other former colleagues have gone through the specifics in other replies. Nothing is auto-sold at IPO to cover taxes, a maximum of 10% of what had vested was allowed to be sold before the 6mo lockup expired. There was a total of a few weeks before a combination of trading blackout window, lockup, and market crash conspired to have make it easy to be underwater…

Ok -- I need your help. I'm missing something here.

People got RSUs. They owed tax on said RSUs. The tax cannot be higher than the value of the RSU at the time of vest.

If people did not have enough cash to pay their tax bill, and did not sell enough RSUs to get cash to pay said tax bill, then yes, I can see those people "with a loss" because they had a "surprise" tax bill, RSUs price went down and a cash problem now. Is this what you mean happened?

They shouldn't have had to "sell everything" -- at most like 50%.

I'm arguing with you here because this stuff is complex, and many people shy away from trying to understand it, and that's a huge disservice for those in our industry.

For anyone reading along -- It's as simple as this: understand the tax implications of the assets you own, pay your taxes.

Re: IBM to buy HashiCorp in $6.4B deal

#354

Post by leetrout »

candiddevmike wrote: post #281
leetrout wrote: post #275

Earlier quoted context omitted.

Caveat: the HCP hosted vault is reasonably priced and works well. However, strong agree on using your home cloud's service. We used Vault with Heroku and were happy.

> Caveat: the HCP hosted vault is reasonably priced and works well. HCP hosted Vault starts at ~$1200/month, you'd have to use a metric shit ton of secrets in AWS or GCP to come close to that amount. Yes Vault does more than just secrets, but claiming anything HC sells as reasonably priced is a reach.

Ah, they have changed the public pricing page. Maybe we were on a grandfathered in deal. They had a starter package between free and enterprise with configurable cluster options that was $60ish a month. We heavily used the policies, certs and organization features that made it a no brainer for that price point for things outside AWS like Heroku.

We were running about $12/mo in aws secrets with no caching and no usage outside our aws services. I taught the team how to cache the secrets in the lambda function and it dropped to a buck a month or less.

If they killed off the starter package then you are right, there are only outrageous options and HCP would not be worth considering for small orgs.

Re: IBM to buy HashiCorp in $6.4B deal

#355

Post by magnetowasright »

Rinzler89 wrote: post #99
rank0 wrote: post #94

Earlier quoted context omitted.

I don’t understand people’s beef with IBM. They have been responsible for incredible R&D within computing. I even LIKE redhat/fedora! HashiCorp had already been sold out since waaaay before this acquisition and I also don’t understand why their engineers are seen as “special”…

People's beef here with IBM is they don't make shiny phones and laptops and don't create hip jobs where you're paid 500k+ to "change the world" by selling ads or making the 69th messaging app. They just focus on tried and tested boring SW that big businesses find useful and that's not popular on HN which is more startup and disruption focused.

IBM repeatedly cleaning house of anyone approaching (let alone in or even rarely beyond) middle age is abhorrent.

It's funny to characterise people's beef with IBM as that they're boring, old, and stale when IBM are apparently allergic to anyone over 40.

Also their consultants have been some of the most weaponised incompetence laden, rude, and entitled idiots I've ever had the sincere displeasure to deal with.

IBM are an embarrassment to their own legacy imo.

Re: IBM to buy HashiCorp in $6.4B deal

#356

Post by bloopernova »

e12e wrote: post #345
bloopernova wrote: post #160

Earlier quoted context omitted.

You'd write in a language designed for humans, and that would get translated into a language for computers. In other words, JSON. What are your reasons for disliking JSON?

> language designed for humans Hardly - it's a hack as a data-only subset of JavaScript, as a sibling comment mentions. It has no support for comments (even though JavaScript does). No support for optimal trailing commas. No integers. No enums.

I didn't write very clearly, my apologies.

I meant that you'd write in a human centric language that would then be translated to JSON. Not editing JSON directly.

Re: IBM to buy HashiCorp in $6.4B deal

#357

Post by bloopernova »

mike_hearn wrote: post #324
bloopernova wrote: post #160

Earlier quoted context omitted.

You'd write in a language designed for humans, and that would get translated into a language for computers. In other words, JSON. What are your reasons for disliking JSON?

JSON isn't designed for humans. It's designed, originally, to be eval()d in a browser. HOCON is a JSON-type-system compatible language designed for human config files: https://hocon.dev

I didn't express myself very clearly, my apologies.

I meant that you'd write in a human centric language that would then be translated to JSON. Not editing JSON directly.

Re: IBM to buy HashiCorp in $6.4B deal

#358

Post by frost_knight »

mogwire wrote: post #241
jbm wrote: post #97

Earlier quoted context omitted.

A lot of the people I respected from Heroku went there, glad they got a chance to use their skills to build something useful and profitable; glader still that they got their payout. Sadly I echo your sentiment about the future, as someone who has heard second-hand about the quality of work at modern Redhat. I am wondering how many more rounds of consolidation are left until there is no more space to innovate and we o…

It always amazing me how people play telephone with Red Hat and how bad the quality of life is post IBM. When they show the service awards they don’t even cover 5 years because they don’t have all day. If it was so bad then you wouldn’t see engineers with 10, 15, or 20 years experience staying there. They already got their money from the IBM purchase so if it were bad then they would leave. Oh but they don’t innovate…

Red Hat Principal Consultant here, July will be 7 years at the company for me.

Before IBM purchase: travel to clients, build and/or fix their stuff, recommend improvements

After IBM purchase: travel to clients, build and/or fix their stuff, recommend improvements

At least on my side of the aisle I haven't noticed any notable changes in my day to day work for Red Hat. IBM has been very light touch on our consulting services.

Re: IBM to buy HashiCorp in $6.4B deal

#360

Post by me_again »

throwaway2037 wrote: post #327
mogwire wrote: post #241

Earlier quoted context omitted.

It always amazing me how people play telephone with Red Hat and how bad the quality of life is post IBM. When they show the service awards they don’t even cover 5 years because they don’t have all day. If it was so bad then you wouldn’t see engineers with 10, 15, or 20 years experience staying there. They already got their money from the IBM purchase so if it were bad then they would leave. Oh but they don’t innovate…

> Oh but they don’t innovate anymore. IBM was #4 in the US last year for patents here: https://www.ificlaims.com/rankings-top-50-2023.htm

Patents are a stronger signal of a company focused on financial engineering than a company focused on innovation.
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