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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

#381

Post by rank0 »

magnetowasright wrote: post #355
Rinzler89 wrote: post #99

Earlier quoted context omitted.

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 ar…

Yeah I mean I feel you but imo this is just what the world is. Ive been fucked over many times in my career…people just have to learn to fuck back.

I was more so commenting on the HN hate for the technology/products aspect. IBM has accomplished FAR more than hashicorp and everyone here acts like they were gods gift to software.

Re: IBM to buy HashiCorp in $6.4B deal

#383

Post by rank0 »

akashcoach wrote: post #368
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”…

You talk about beef, look at what they did with a project for Canadian Government. They are not the same IBM they were 50 years ago. Now they are a consulting firm and a shitty one. https://news.ycombinator.com/item?id=15303555

So which of the other potential buyers of HCP is the magical non-shitty $BIGCORP you would’ve preferred?

Re: IBM to buy HashiCorp in $6.4B deal

#384

Post by phlakaton »

doubled112 wrote: post #214
phlakaton wrote: post #102

Earlier quoted context omitted.

They'll do what they should have done years ago: give up on all this fuddy duddy syntax and just go with XML. ;-)

Was this supposed to make my eye twitch? Don’t give them any ideas.

The good news is, you no longer need Dhall or some crazy scripts to generate your Terraform files. Just a bit more XML and an XSLT stylesheet oughta do it!

Re: IBM to buy HashiCorp in $6.4B deal

#385

Post by BossingAround »

mootpt wrote: post #144
calgoo wrote: post #49

Well, it was nice while it lasted! HashiCorp always felt like a company made by actual engineers, not "bean counters". Now it will just be another cog in the IBM machine, slowly grinding it down, removing everything attractive, just like RedHat and CentOS. Hopefully this will create a new wave off innovation, and someone will create something to replace the monopoly on IaC that IBM now owns.

i can only speak to the early days (joined around 11 folks), but the engineers then were top tier and hungry to build cool shit. A few years later (as an outsider) seemed innovation had slowed substantially. i still know there are great folks there, but has felt like HashiCorp’s focus lately has been packaging up all their tools into a cohesive all-in-one solution (this was actually Atlas in the early days) and figur…

Isn't that how it always is as any company matures? In a big company, you don't need just 5-star devs. You also need a 3-star devs (and even 2-star devs) that work 9 to 3:30 (and maybe do emails/slack between 3:30 - 4; bonus points if they study from 4 to 5). You need people that can take basic requirements and turn them into code that your 5-star devs are too bored to write. You need people who look at customer bugs, can do debugging and submit a patch to fix a corner case your 5-star dev didn't think about 4 years when they were hopped up on caffeine, hopes and dreams.

Re: IBM to buy HashiCorp in $6.4B deal

#386

Post by akashcoach »

rank0 wrote: post #383
akashcoach wrote: post #368

Earlier quoted context omitted.

You talk about beef, look at what they did with a project for Canadian Government. They are not the same IBM they were 50 years ago. Now they are a consulting firm and a shitty one. https://news.ycombinator.com/item?id=15303555

So which of the other potential buyers of HCP is the magical non-shitty $BIGCORP you would’ve preferred?

I would have like Microsoft to buy it.

Re: IBM to buy HashiCorp in $6.4B deal

#387

Post by financetechbro »

tootie wrote: post #218
financetechbro wrote: post #142

Earlier quoted context omitted.

If companies didn’t go public regular people would not be able to invest in innovation. As much as people hate it, public markets democratize access to investments

True but no company has a vested interest in the democratization of investment. IPOs are purely about getting paydays for founders.

This is misguided and myopic. There are many valid reasons for a company to go public besides “pay day to founders”, here are a few

1. Easier access to capital markets and liquidity in general 2. Marketing/publicity provided by equity research coverage 3. Legitimacy / transparency and trust building for customers (public filings, outsides can gauge health of business) 4. Thanks to number 3, companies have an easier time getting larger corporations as clients or partners

Just because you don’t understand something doesn’t make it bad

Re: IBM to buy HashiCorp in $6.4B deal

#388

Post by sureglymop »

alecsm wrote: post #165
sureglymop wrote: post #164

Earlier quoted context omitted.

Regarding Red Hat, I dearly hope someone will replace the slow complicated mess that is ansible. It's crazy that this seems to be the best there is...

Why slow and complicated? We're just starting to implement it and we've only heard good things about it.

There is Mitogen [0] that helps a bit. Their website also kind of explain some of the issues:

> Requiring minimal configuration changes, it updates Ansible’s slow and wasteful shell-centric implementation with pure-Python equivalents, invoked via highly efficient remote procedure calls to persistent interpreters tunnelled over SSH. No changes are required to target hosts.

Then of course python itself is not very performant and yaml is quite the mess too. With ansible, you have global variables, group level variables that can override them, host level variables that can override those, role level variables, play/book level variables that can override those and ad-hoc level variables that can override all of the above. I am telling you, it can get incredibly messy and needlessly complicated quickly.

As I said though, it's still the best we've got even if not optimal. So I think it's a good idea to implement it to at least have something.

[0]: https://mitogen.networkgenomics.com/ansible_detailed.html

Re: IBM to buy HashiCorp in $6.4B deal

#389

Post by glenngillen »

lbotos wrote: post #353
glenngillen wrote: post #321

Earlier quoted context omitted.

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 no…

That's part of the surprise - I can't speak to the specifics for US citizens more than others in this post have as I'm not based there. Tax definitely wasn't determined _at time of vest_ for anybody though, it was time of liquidity.

In Australia we were granted options, which ordinarily are taxed at time of exercise. Lots of people were surprised to discover, almost a full year after the IPO, that those options were also subject to a tax deferral scheme and any tax already paid at exercise wasn't sufficient. The actual taxable amount determined by HashiCorp and the ATO was the $80 IPO price. If you sold the full amount you were entitled to (10% of your vested holdings) at the IPO you were probably fine. If you sold nothing, because you thought you had already paid the required taxes, by the time you received the tax statement the value of your stock would have been less than what you owed in taxes.

Re: IBM to buy HashiCorp in $6.4B deal

#390

Post by mr_person »

coredog64 wrote: post #286
TheCondor wrote: post #161

Earlier quoted context omitted.

IBM has always been a punching bag. I had been wondering who would buy HCP, I sort of figured it was either going to be AWS, Google, or Azure and then I figured the other vendor were going to have support removed (maybe gradually, maybe not.)

It could have been worse: It could have been Oracle.

Or Broadcom...
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