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IBM completes acquisition of HashiCorp

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Re: IBM completes acquisition of HashiCorp

#111

Post by glzone1 »

bigfatkitten wrote: post #34

One of those places (like HP, Oracle and Broadcom, and also CA back in the day) where once good companies go to die.

Redhat has really delivered for IBM and IBM seems not to have messed it up too bad.

Some of this is obvious (linux and mainframes aren't a bad combo). Some of it I'm a bit surprised by (openshift revenue seems strong).

Probably already basically returned purchase price in revenue and much more than purchase price in market cap.

A noticeable thing is

https://www.redhat.com/en

Most of the these type plays the home page has stacked toolbars / marketing / popups / announcements from the parent company and their branding everywhere (IBM XXX powered by Redhat)... I see very little IBM logo or corporate pop-up policy jank on redhat.com.

Re: IBM completes acquisition of HashiCorp

#112

Post by redeux »

nemo44x wrote: post #84
guelo wrote: post #33

Earlier quoted context omitted.

Execs are employees, were they really exempt from the lockout? Seems unethical.

Nearly certainly they were not. Any stock holder would be blacked out including existing investors.

That’s simply not true. You can look at the SEC filings and see exactly who was able to liquidate during the IPO.

I’m not passing judgment as to whether that’s “good” or “bad.” It simply is.

Re: IBM completes acquisition of HashiCorp

#113

Post by OJFord »

SOLAR_FIELDS wrote: post #106
ants_everywhere wrote: post #72

Hashicorp's stuff always struck me as pretty hacky with awkward design decisions. For Terraform (at least a few years ago) a badly reviewed PR could cause catastrophic data loss because resources are deleted without requiring an explicit tombstone. Then they did the license change, which didn't reflect well on them. Now it's being sold to IBM, which is essentially a consulting company trying to pivot to mostly undiff…

An easy way to get someone to admit that terraform is a hacky child’s language is to ask how to simply print out the values of variables and resources you are using in terraform easily. This basic programming language 101 functionality is not present in the language

  $terraform console
  >var.whatever
  "its value"
  >whatever_resource.foo.whatever_attr
  "its value"
If you mean somehow printing things when the configuration is being applied... I think you just need to understand that it's neither a procedural language (it's declarative) nor general-purpose (it's infrastructure configuration).

Re: IBM completes acquisition of HashiCorp

#114

Post by gryfft »

dralley wrote: post #98
bigfatkitten wrote: post #34

One of those places (like HP, Oracle and Broadcom, and also CA back in the day) where once good companies go to die.

As a current Red Hat employee, I can say that they've treated us far better than the likes of Oracle or Broadcom would have.

Give it time.

Re: IBM completes acquisition of HashiCorp

#115

Post by linuxftw »

schmichael wrote: post #110

I joined HashiCorp in 2016 to work on Nomad and have been on the product ever since. Definitely a lot of feelings today. When I joined HashiCorp was maybe 50 people. Armon Dadgar personally onboarded us one at a time, and showed me how to use the coffee maker (remember to wash your own dishes!). There have been a lot of ups (IPO) and downs (BUSL), but the Nomad team and users have been the best I've ever gotten to wo…

There are no resources and opportunities after being acquired by IBM. I worked for Red Hat when they were acquired. Our former CEO was quickly shown the door. We were making so much profit, almost a $1B in quarterly revenue. I left not long after the acquisition. Not long after I left, they laid off a bunch of staff.

No matter what they tell you, your day to day will not improve. For my area, it was mostly business as usual, but a net decrease in comp because IBM's ESPP is trash.

Re: IBM completes acquisition of HashiCorp

#118

Post by jcgrillo »

skissane wrote: post #21
jcgrillo wrote: post #9

> By 2028, it is projected that generative AI will lead to the creation of 1 billion new cloud-native applications. lmfao what the fuck? The source they reference: https://www.idc.com/getdoc.jsp?containerId=US51953724 These clowns want $2500 goddamned american dollars for the privilege of reading their bloviations on this topic, which i absolutely will not pay. You know it's bad when the only people making money on t…

> These clowns want $2500 goddamned american dollars for the privilege of reading their bloviations on this topic, which i absolutely will not pay. You aren’t the target market for their “bloviations” - they are targeted at executives, and it isn’t like the executive pays this out of their own pocket, there is a budget and it comes out of the budget. Plus these reports generally aren’t aimed at technical people with…

Anyone prioritizing this nerfed, mindless dogshit over what their team is telling them and what's going on in the world around them is both an incompetent leader and a total idiot

Re: IBM completes acquisition of HashiCorp

#120

Post by spicyusername »

schmichael wrote: post #110

I joined HashiCorp in 2016 to work on Nomad and have been on the product ever since. Definitely a lot of feelings today. When I joined HashiCorp was maybe 50 people. Armon Dadgar personally onboarded us one at a time, and showed me how to use the coffee maker (remember to wash your own dishes!). There have been a lot of ups (IPO) and downs (BUSL), but the Nomad team and users have been the best I've ever gotten to wo…

Unfortunately IBM is going to ruin everything that was good about working for Hashicorp and eventually everything that was good about Hashicorp products.

I worked for a company acquired by IBM, and we held hope like you are doing, but it was only a matter of time before the benefit cuts, layoffs, and death of the pre-existing culture.

Your best bet is to quit right after the acquisition and hope they give you a big retention package to stay. These things are pretty common to ease acquisition transitions and the packages can be massive, easily six figures. Then when the package pays out you can leave for good.

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