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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

#171

Post by tanjtanjtanj »

jacques_chester wrote: post #73
robotnikman wrote: post #43

Earlier quoted context omitted.

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...

Much, if not most, of their consulting revenue is for mainframe support and much of their "hybrid cloud" is just hosting mainframes.

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

#172

Post by hpb42 »

andrenth wrote: post #130
nimbius wrote: post #75

Earlier quoted context omitted.

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/

Is someone working on a Nomad fork?

Maybe Incus[0] as an alternative instead of fork.

- [0] https://linuxcontainers.org/incus/docs/main/

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

#173

Post by neom »

nodesocket wrote: post #164
neom wrote: post #160

Earlier quoted context omitted.

I'm underwater on it too, was hoping to at least only take a 10/20% haircut. Where'd you see the price?

Sorry, I don’t think price has been announced. I bought more shares today (basically gamble) that the deal goes through and it’s higher than $30 share. Not financial advice :-).

Sold out of half my position today, fingers crossed for 40/50 deal price. Either way, I'll have lost a lot of money on this one. That said it was a pure emotional buy because I wanted to support Mitch and Armon, two dudes I'd consider friends and generally awesome dudes, so if I'm gonna lose money anywhere, may as well have been betting on some buddies. :) :)

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

#174

Post by slowmovintarget »

vram22 wrote: post #114
robotnikman wrote: post #43

Earlier quoted context omitted.

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.

My semi-educated guess is that mainframes are a much bigger chunk still. (AS/400 is midrange. They are called something else now, I heard. Maybe I-series.) A lot of those indispensable infrastructure systems we all depend on, such as insurance, income tax, etc., run on mainframes, as they have for decades now. So don't diss big iron / Big Blue. I, for one, hope they have many years left, though I guess they could do…

Those z-boxes can comfortably run 5000 instances of Linux as your very own virtual data center. Makes you wonder what inference on mainframe would look like, though you don't have GPUs.

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

#175

Post by vram22 »

bonzini wrote: post #166
vram22 wrote: post #142

Earlier quoted context omitted.

What's the story behind that? IIRC, I saw something about it on HN at the time, but did not read it, being busy.

Red Hat had open source/community versions of their products, for example OpenShift Origin (now OKD) and RDO (for OpenStack). They wanted to use CentOS but it was not working well because release dates of CentOS were not predictable. So they acquihired CentOS, but in doing that they changed its target from "community of users [that don't want to pay for RHEL]" to "community of developers that target RHEL". CentOS Str…

Got it, thanks.

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

#177

Post by jrochkind1 »

dblooman wrote: post #41

This seemed like an inevitability given the reliance on enterprise customers and the move to maximise the revenue from Terraform with the recent license change. They have made a round of layoffs, so at least some cost saving has already been done to make it more appealing for a sale. The main challenge from an acquisition like this will be maintaining the community around terraform providers, if that drops off, i'm n…

> the move to maximise the revenue from Terraform with the recent license change

In fact, it makes me wonder if the point of the recent license change to maximize revenue may have been to make them a more attractive acquisition.

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

#178

Post by ckdarby »

bobo_legos wrote: post #141
andrenth wrote: post #130

Earlier quoted context omitted.

Is someone working on a Nomad fork?

Off topic but how is Nomad for running production workloads? My org has been wanting to push into containerization, but we're finding the complexity of k8s a high barrier to entry given our small team and lack of in house knowledge.

If that is the driving force use a managed provider the AWS elastic container service or Google's app engine.

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

#179

Post by op00to »

dralley wrote: post #146
yencabulator wrote: post #140

Earlier quoted context omitted.

What I've seen people use CentOS for is testing a product intended to run on RHEL. For that, CentOS didn't need a separate community, and bugfixing at a pace different from RHEL would have been actively undesirable.

For that purpose, RHEL is completely free to begin with

Not for production purposes.

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

#180

Post by eraser215 »

bonzini wrote: post #167
xyst wrote: 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...

What's the aftermath of the Red Hat and IBM acquisition? I've been at Red Hat since 2009 myself, and have hardly seen the difference over the last five years.

We all know it's just made up stuff to feed the narrative of evil IBM making RH evil. Not even the plausible scenario of IBM changing the source code licencing of hashicorp software back to something genuinely open can change people's minds.
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