https://www.redhat.com/en/about/press-r ... 000RWK2AAO
https://newsroom.ibm.com/2018-10-28-IBM ... d-Provider
https://www.redhat.com/en/blog/red-hat- ... 000RWK7AAO
Just as well it wasn't Microsoft as that would really have the Linux world in a tizz!
IBM to Acquire Red Hat
IBM to Acquire Red Hat
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2_Lenovo: Ideapad 520S, i5, RAM 8GB, GPU i620, HDD 1TB, MX-21 - Openbox
3_Clevo: P150SM-A, i7, RAM 16GB, nVidia 8600, 2x 1TB HDD & M.2 256 GB, MX-21 - Openbox
Re: IBM to Acquire Red Hat
it's an interesting proposal, too.
most folks will take it, as an fairly good thing, & where those same folks would be dubious if this was M$,
- just where IBM will take Red Hat, will remain to be seen.
How the cloud wars forced IBM to buy Red Hat for $34 billion:
https://www.zdnet.com/article/how-the-c ... 4-billion/
IBM's purchase of Red Hat is a big bet on the hybrid and private cloud and the ability of Big Blue to manage multiple public cloud providers.
most folks will take it, as an fairly good thing, & where those same folks would be dubious if this was M$,
- just where IBM will take Red Hat, will remain to be seen.
How the cloud wars forced IBM to buy Red Hat for $34 billion:
https://www.zdnet.com/article/how-the-c ... 4-billion/
IBM's purchase of Red Hat is a big bet on the hybrid and private cloud and the ability of Big Blue to manage multiple public cloud providers.
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clicktician
- Posts: 136
- Joined: Sat May 02, 2015 4:35 pm
Re: IBM to Acquire Red Hat
Haha. Yeah, MS didn't own GitHub until the deal closed last Fri. I don't think anyone even noticed.
$34 billion for a company that made $258 million last year on revenue of $2.9 billion. I don't know what those RH boys were doing with all their profits (it wasn't going to investors, that's for sure). But the weekly launch parties are probably over.
Revenue was growing a modest 20% year over year. But at the same time, net income has been falling. IBM sez they need RH to compete with Amazon, Microsoft & Google cloud services. And they probably do.
But the only reason I can think of that IBM would cough up a 68% premium for RH shares is if they were sure they could bring spending under control.
IBM sez RH will operate as a separate entity with no changes. Hahaha. With RH's 11% margin? That's cute. Oh yes, honey. There will be changes.
Son, someday all this will belong to your ex wife.
Re: IBM to Acquire Red Hat
I don't know. We might have been better off with Microsoft. IBM killed OpenOffice. They dumped their computer business. I would be very concerned if I depended upon Fedora. For the rest of us, Debian and Ubuntu live and die by Redhat's choices, so we may all regret this situation before it's over with.handy wrote: ↑Sun Oct 28, 2018 11:08 pm https://www.redhat.com/en/about/press-r ... 000RWK2AAO
https://newsroom.ibm.com/2018-10-28-IBM ... d-Provider
https://www.redhat.com/en/blog/red-hat- ... 000RWK7AAO
Just as well it wasn't Microsoft as that would really have the Linux world in a tizz!
Re: IBM to Acquire Red Hat
IBM might end up killing Red Hat with red tape and corporate BS...
Re: IBM to Acquire Red Hat
It might just suck the life out of Redhat to prop up its dying business and improve stocks so the old timers can cash out. IBM has been croaking for awhile now.
https://www.zdnet.com/article/ibm-still ... ese-years/
I'm not sure there could have been a worse company to buy Redhat. I predict a fork in the near future. And I hope Debian will separate itself more from Redhat's influence going forward.
Re: IBM to Acquire Red Hat
sortly before ibm purchase of red hat there were some other news related to ibm. https://cryptocoin.news/news/ibm-develo ... ain-20050/ and ibm has already banks as customers i believe. i think this means something, don't you?
