141–150 of 191 posts
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Tibco rvd and UDP multicast crushing switch buffers and falling back to UDP unicast to crush them even harder during the ramp up to Christmas.
^ this guy Rendezvouses
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This is a completely different universe from VC, Tiger, Figma or even the public markets. Software companies like this (low growth, high cash flow) got absolutely eviscerated in the public markets over the last decade so they would never consider that. And TIBCO is about 20 years out from the growth they needed to attract VC money or money from Tiger. Won't bother with the Figma exit comparison. The universe of buyer…
Honestly, this seems all rather reasonable? These companies are basically dying. So might as well manage the decline and return money to investors. It's good for the economy as a whole if employees move to other companies; instead of engaging in make-work.
On the good side, I was allowed to view this from the perspective of spreadsheets and board meetings and see the net gains. And also do follow-up analysis that showed the least product people retiring or moving to lower quality work while the most productive went on to do 10x better things.
The dark side isn't pretty. We still had to lay off tens of thousands, affecting hundreds of thousands indirectly localized to a handful of communities and cities. I've decimated neighborhoods before by the literal definition (10%+ move out to find work in other cities). And the data tells us that at least a couple of those people will die as a result of the layoffs at the 10K+ scale. Can't talk macro-productivity when that's happening. Too tone deaf.
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As a former Citrix user, I’m a little jealous.
The two worst things about going to work are Citrix and the coffee. WFH only fixes one of them.
If it's brown, liquid and caffeinated then I'm happy. Especially if I'm drinking it first thing in the morning.
Not that I don't enjoy good coffee. But my bar is pretty low.
I just find it fascinating that I can go through my life and see things like this: "[Company I've never heard of] and [Another company I've never heard of], something something, billions and billions of dollars". And these companies and the people who run them probably have a non-trivial impact on my life, if not directly than indirectly. It's just fascinating.
Citrix are pretty ubiquitous in the corporate space. Not as big a deal as they were ten or 15 years ago, but still a huge company that powers a lot of businesses.
Citrix tried to pivot into other spaces like virtualization (Xen) but that market was flooded with alternatives, and most companies who used Xen were happy with the free version.
Background on the deal. TIBCO was acquired by Vista Equity Partners 8 years ago and has been a disaster investment. Growth never picked up despite their investments in product, technology, sales and marketing. As a result, TIBCO was stuck selling better software from acquisitions to their existing customer base. Large cap private equity investors like Thoma Bravo, Silver Lake and Blackstone noticed TIBCO's failures m…
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The two worst things about going to work are Citrix and the coffee. WFH only fixes one of them.
Throw some crystal reports and a “coffee bag” (as in like the tea bag) for good measure and a dash of Sharepoint and DCOM. Now we are talking. DAO recordsets too (no not DAO as in Ethereum!)
Still not as bad as QuickTime.
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Citrix are pretty ubiquitous in the corporate space. Not as big a deal as they were ten or 15 years ago, but still a huge company that powers a lot of businesses.
Back in the corporate Windows desktop space of the early 2000s, the Citrix product was almost like magic. The problem it aimed to solve was reduction in cost and effort to deliver applications to users. Instead of managing a fleet of 'expensive' desktop computers, you install the desktop applications on a Citrix server and 'publish' them over a remote desktop protocol. The potential was huge! It was a real challenge…
Insanely unbaringly slow with tons of constant lag and IT issues.
I know, anecdote...
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Honestly, this seems all rather reasonable? These companies are basically dying. So might as well manage the decline and return money to investors. It's good for the economy as a whole if employees move to other companies; instead of engaging in make-work.
It's macro-good and micro-bad. On the good side, I was allowed to view this from the perspective of spreadsheets and board meetings and see the net gains. And also do follow-up analysis that showed the least product people retiring or moving to lower quality work while the most productive went on to do 10x better things. The dark side isn't pretty. We still had to lay off tens of thousands, affecting hundreds of thou…
Background on the deal. TIBCO was acquired by Vista Equity Partners 8 years ago and has been a disaster investment. Growth never picked up despite their investments in product, technology, sales and marketing. As a result, TIBCO was stuck selling better software from acquisitions to their existing customer base. Large cap private equity investors like Thoma Bravo, Silver Lake and Blackstone noticed TIBCO's failures m…
Michael Dell acquired EMC that way, and with some financial engineering, came out ahead with a few ten billions.
https://www.forbes.com/sites/antoinegara/2021/08/03/deal-of-...