"IBM to acquire Red Hat in deal valued at $34 billion"
https://www.cnbc.com/2018/10/28/ibm-is-reportedly-nearing-deal-to-acquire-re...
On Sun, Oct 28, 2018 at 2:17 PM, Antonio Trande anto.trande@gmail.com wrote:
"IBM to acquire Red Hat in deal valued at $34 billion"
https://www.cnbc.com/2018/10/28/ibm-is-reportedly-nearing-deal-to-acquire-re...
Official press release. https://www.redhat.com/en/blog/red-hat-ibm-creating-leading-hybrid-cloud-pro...
The reported deal is $34 billion, and Red Hat's closing market cap on Friday was ~$20 billion, that's a big price premium. I'm not a lawyer let alone a securities lawyer, but my guess is if Red Hat management had refused the deal, I think they'd face shareholder lawsuits. So anyone looking to be mad, it would be completely understandable, but this is basically a shareholder driven deal.
Also, "distinct unit" is vague and next to meaningless. Until acquisition details are released, there's no way of knowing exactly what level of autonomy Red Hat is going to have, let alone what it means for CentOS and Fedora.
For what it's worth, SUSE and openSUSE have been through a few of these over the years, and openSUSE is still kicking.
On Sun, Oct 28, 2018 at 5:22 PM Chris Murphy lists@colorremedies.com wrote:
On Sun, Oct 28, 2018 at 2:17 PM, Antonio Trande anto.trande@gmail.com wrote:
"IBM to acquire Red Hat in deal valued at $34 billion"
https://www.cnbc.com/2018/10/28/ibm-is-reportedly-nearing-deal-to-acquire-re...
Official press release. https://www.redhat.com/en/blog/red-hat-ibm-creating-leading-hybrid-cloud-pro...
The reported deal is $34 billion, and Red Hat's closing market cap on Friday was ~$20 billion, that's a big price premium. I'm not a lawyer let alone a securities lawyer, but my guess is if Red Hat management had refused the deal, I think they'd face shareholder lawsuits. So anyone looking to be mad, it would be completely understandable, but this is basically a shareholder driven deal.
Also, "distinct unit" is vague and next to meaningless. Until acquisition details are released, there's no way of knowing exactly what level of autonomy Red Hat is going to have, let alone what it means for CentOS and Fedora.
For what it's worth, SUSE and openSUSE have been through a few of these over the years, and openSUSE is still kicking.
What worries me is precisely that we've never gone through a disaster like what happened with the SUSE Linux community. We've prospered because our corporate sponsor wasn't stabbing us in the back. That's not to say there haven't been periods where Red Hat unintentionally hurts us as a community, but they don't aim to do so.
In contrast, post Novell acquiring SUSE, there was a long period of time where openSUSE had nearly no investment by SUSE. There were even rumors that people were told to stay away from openSUSE or lose their jobs. In addition to that, SUSE stopped contributing to KDE and being involved in most upstream communities. That was also the same time they switched from KDE to GNOME. They also laid off a very large portion of their engineering staff.
Now, I wouldn't be unhappy if Red Hat decided to switch from GNOME to KDE tomorrow, but the point is, IBM is not an open source company. And they are likely to see little to no value in the open source communities that Red Hat has fostered over the last 25 years.
Even the press release worries me, as it seems to indicate that the only part IBM really wants is the OpenShift group. The rest of it could go jump off a cliff for all it cares, and that might mean a loss of investment across the board.
Fedora would be toast if that happened, since we have no other means to keep ourselves afloat if Red Hat pulled the plug. We rely very heavily on them to support a lot of the "grunge" work because it's difficult and takes a lot of time to do. We also rely on Red Hat to further develop Desktop Linux and Linux as a platform on the whole. Without that, I don't know what we'll do.
Red Hat has been a company I've admired since I got into Linux back in 2000. I genuinely worry that IBM will smother Red Hat and kill one of the largest producers of awesome FOSS with its bureaucratic proprietary-ness.
-- 真実はいつも一つ!/ Always, there's only one truth!
Le 28/10/2018 à 22:32, Neal Gompa a écrit :
but the point is, IBM is not an open source company.
Eclipse, Linux (top 5 companies in term of kernel contributions), MQTT (network protocol), OpenPower (hardware), etc.
It is not perfect but it is a lot of projects and contributions to FOSS.
Red Hat has been a company I've admired since I got into Linux back in 2000. I genuinely worry that IBM will smother Red Hat and kill one of the largest producers of awesome FOSS with its bureaucratic proprietary-ness.
When a company is buying another company, it is always a new story. We can't know in advance what would be the organization for both entities.
Red Hat could have a lot of autonomy, or not. IBM could be able to get only some products for them and let the rest for Red Hat as usual.
It is difficult to predict this kind of things. The best thing to do is to wait more news from Red Hat about it. And see more concrete actions from them.
Regards,
Charles-Antoine Couret
I think its important in this time not to be wary but not go full on tin foil hat. This is a sensitive time, and reacting in a crazed manor or speculating isnt going to do ANYONE good.
Much love all, keep level heads.
Cheers, Zach
On Sun, Oct 28, 2018 at 4:31 PM Charles-Antoine Couret < renault@fedoraproject.org> wrote:
Le 28/10/2018 à 22:32, Neal Gompa a écrit :
but the point is, IBM is not an open source company.
Eclipse, Linux (top 5 companies in term of kernel contributions), MQTT (network protocol), OpenPower (hardware), etc.
It is not perfect but it is a lot of projects and contributions to FOSS.
Red Hat has been a company I've admired since I got into Linux back in 2000. I genuinely worry that IBM will smother Red Hat and kill one of the largest producers of awesome FOSS with its bureaucratic proprietary-ness.
When a company is buying another company, it is always a new story. We can't know in advance what would be the organization for both entities.
Red Hat could have a lot of autonomy, or not. IBM could be able to get only some products for them and let the rest for Red Hat as usual.
It is difficult to predict this kind of things. The best thing to do is to wait more news from Red Hat about it. And see more concrete actions from them.
Regards,
Charles-Antoine Couret _______________________________________________ devel mailing list -- devel@lists.fedoraproject.org To unsubscribe send an email to devel-leave@lists.fedoraproject.org Fedora Code of Conduct: https://getfedora.org/code-of-conduct.html List Guidelines: https://fedoraproject.org/wiki/Mailing_list_guidelines List Archives: https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org
On Sun, Oct 28, 2018 at 7:30 PM Charles-Antoine Couret renault@fedoraproject.org wrote:
Le 28/10/2018 à 22:32, Neal Gompa a écrit :
but the point is, IBM is not an open source company.
Eclipse, Linux (top 5 companies in term of kernel contributions), MQTT (network protocol), OpenPower (hardware), etc.
It is not perfect but it is a lot of projects and contributions to FOSS.
While it is true that they have given a lot to FOSS, they do even more with proprietary solutions. Their primary products are all proprietary solutions, and their cloud is not built from FOSS solutions. If the bean counters at IBM decide to change everything over and open source everything, then sure, I'll take it back.
And with the projects you mention, IBM is barely involved (except OpenPOWER).
Red Hat has been a company I've admired since I got into Linux back in 2000. I genuinely worry that IBM will smother Red Hat and kill one of the largest producers of awesome FOSS with its bureaucratic proprietary-ness.
When a company is buying another company, it is always a new story. We can't know in advance what would be the organization for both entities.
Red Hat could have a lot of autonomy, or not. IBM could be able to get only some products for them and let the rest for Red Hat as usual.
Experience with companies acquired by IBM in the past have indicated that I should not have hope for this...
Unless I see some ink indicating otherwise, I'm assuming it will be the same bloodsucking strategy they used on SoftLayer and other companies they bought.
It is difficult to predict this kind of things. The best thing to do is to wait more news from Red Hat about it. And see more concrete actions from them.
It's always a wait and see approach. I'm a bit disappointed that no one from Red Hat has said anything yet. The only comfort is that apparently most RHers I know are equally surprised...
It'd be nice if someone from up top would deign to come and talk to us directly...
-- 真実はいつも一つ!/ Always, there's only one truth!
On Sun, 2018-10-28 at 19:44 -0400, Neal Gompa wrote:
It's always a wait and see approach. I'm a bit disappointed that no one from Red Hat has said anything yet. The only comfort is that apparently most RHers I know are equally surprised...
We are all astonished honestly, I took to fedora-devel only because I finished reading *all* the internal emails about it that I downloaded so far (it took me a few hours) and ... still can't digest the news.
It'd be nice if someone from up top would deign to come and talk to us directly...
I am sure it will happen at some point, but this is news for *everyone* at Red Hat except a handful (at the CXX level) so give us some time ...
Simo.
On 10/28/18 7:56 PM, Simo Sorce wrote:
We are all astonished honestly, I took to fedora-devel only because I finished reading *all* the internal emails about it that I downloaded so far (it took me a few hours) and ... still can't digest the news.
I am sure it will happen at some point, but this is news for *everyone* at Red Hat except a handful (at the CXX level) so give us some time ...
As someone who has been through this scenario multiple times ( and not currently at RH ), here are some helpful things we can do to support our community members that are directly involved with this process;
* be mindful that they are people who will have concerns and feelings to process * keep focused on our bug reports, patches, packages, artwork, etc * help celebrate the community this week (I think thats a thing thats happening?) * Install F29, Install Silverblue * Answer the questions you know the answers to ( this is mostly a reminder to myself, but if you want, you can borrow it :) * Be patient, keep a list of questions or concerns that pertain to you, there will be a time and a place for asking
I'm terrible at metaphors, but if you haven't been through this type of thing before, it feels as if someone just sent you official notice that you've drowned in a desert, or chocolate and vanilla are the same flavors. In other words, it will take a bit for folks to find their footing.
Cheers, Zach #aikidouke
Zach,
What good advice. Thank you. :)
Let's stick to what we know.
Geoff Marr IRC: coremodule
On Sun, Oct 28, 2018 at 7:59 PM Zach Villers zach@mailup.net wrote:
On 10/28/18 7:56 PM, Simo Sorce wrote:
We are all astonished honestly, I took to fedora-devel only because I finished reading *all* the internal emails about it that I downloaded so far (it took me a few hours) and ... still can't digest the news.
I am sure it will happen at some point, but this is news for *everyone* at Red Hat except a handful (at the CXX level) so give us some time ...
As someone who has been through this scenario multiple times ( and not currently at RH ), here are some helpful things we can do to support our community members that are directly involved with this process;
- be mindful that they are people who will have concerns and feelings to
process
- keep focused on our bug reports, patches, packages, artwork, etc
- help celebrate the community this week (I think thats a thing thats
happening?)
- Install F29, Install Silverblue
- Answer the questions you know the answers to ( this is mostly a
reminder to myself, but if you want, you can borrow it :)
- Be patient, keep a list of questions or concerns that pertain to you,
there will be a time and a place for asking
I'm terrible at metaphors, but if you haven't been through this type of thing before, it feels as if someone just sent you official notice that you've drowned in a desert, or chocolate and vanilla are the same flavors. In other words, it will take a bit for folks to find their footing.
Cheers, Zach #aikidouke
devel mailing list -- devel@lists.fedoraproject.org To unsubscribe send an email to devel-leave@lists.fedoraproject.org Fedora Code of Conduct: https://getfedora.org/code-of-conduct.html List Guidelines: https://fedoraproject.org/wiki/Mailing_list_guidelines List Archives: https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org
IBM is a cancer. How long have they been working with Watson, and what exactly do they have to show for it?
Also as many others have said their FOSS print is a joke at best.
As a community I feel like we are in some trouble here.
IBM shelled out A TON of money for RH, and the first thing they are going to do if it has not been done already is to crack the books. When they see that RH has been VERY supportive of it’s open source community I don’t think that’s going to fly. I don’t think we as a community are going to make it through this transition.
JC
On Oct 28, 2018, at 7:07 PM, Geoffrey Marr gmarr@redhat.com wrote:
Zach,
What good advice. Thank you. :)
Let's stick to what we know.
Geoff Marr IRC: coremodule
On Sun, Oct 28, 2018 at 7:59 PM Zach Villers <zach@mailup.net mailto:zach@mailup.net> wrote: On 10/28/18 7:56 PM, Simo Sorce wrote:
We are all astonished honestly, I took to fedora-devel only because I finished reading *all* the internal emails about it that I downloaded so far (it took me a few hours) and ... still can't digest the news.
I am sure it will happen at some point, but this is news for *everyone* at Red Hat except a handful (at the CXX level) so give us some time ...
As someone who has been through this scenario multiple times ( and not currently at RH ), here are some helpful things we can do to support our community members that are directly involved with this process;
- be mindful that they are people who will have concerns and feelings to
process
- keep focused on our bug reports, patches, packages, artwork, etc
- help celebrate the community this week (I think thats a thing thats
happening?)
- Install F29, Install Silverblue
- Answer the questions you know the answers to ( this is mostly a
reminder to myself, but if you want, you can borrow it :)
- Be patient, keep a list of questions or concerns that pertain to you,
there will be a time and a place for asking
I'm terrible at metaphors, but if you haven't been through this type of thing before, it feels as if someone just sent you official notice that you've drowned in a desert, or chocolate and vanilla are the same flavors. In other words, it will take a bit for folks to find their footing.
Cheers, Zach #aikidouke
devel mailing list -- devel@lists.fedoraproject.org mailto:devel@lists.fedoraproject.org To unsubscribe send an email to devel-leave@lists.fedoraproject.org mailto:devel-leave@lists.fedoraproject.org Fedora Code of Conduct: https://getfedora.org/code-of-conduct.html https://getfedora.org/code-of-conduct.html List Guidelines: https://fedoraproject.org/wiki/Mailing_list_guidelines https://fedoraproject.org/wiki/Mailing_list_guidelines List Archives: https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org _______________________________________________ devel mailing list -- devel@lists.fedoraproject.org To unsubscribe send an email to devel-leave@lists.fedoraproject.org Fedora Code of Conduct: https://getfedora.org/code-of-conduct.html List Guidelines: https://fedoraproject.org/wiki/Mailing_list_guidelines List Archives: https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org
Who supports or backs rpmfusion? I think it's too early to do anything but as I was thinking about who would be willing to pick up the project if we were but loose.
On Sun, Oct 28, 2018, 8:15 PM John Coughlan johncoughlan@comcast.net wrote:
IBM is a cancer. How long have they been working with Watson, and what exactly do they have to show for it?
Also as many others have said their FOSS print is a joke at best.
As a community I feel like we are in some trouble here.
IBM shelled out A TON of money for RH, and the first thing they are going to do if it has not been done already is to crack the books. When they see that RH has been VERY supportive of it’s open source community I don’t think that’s going to fly. I don’t think we as a community are going to make it through this transition.
JC
On Oct 28, 2018, at 7:07 PM, Geoffrey Marr gmarr@redhat.com wrote:
Zach,
What good advice. Thank you. :)
Let's stick to what we know.
Geoff Marr IRC: coremodule
On Sun, Oct 28, 2018 at 7:59 PM Zach Villers zach@mailup.net wrote:
On 10/28/18 7:56 PM, Simo Sorce wrote:
We are all astonished honestly, I took to fedora-devel only because I finished reading *all* the internal emails about it that I downloaded so far (it took me a few hours) and ... still can't digest the news.
I am sure it will happen at some point, but this is news for *everyone* at Red Hat except a handful (at the CXX level) so give us some time ...
As someone who has been through this scenario multiple times ( and not currently at RH ), here are some helpful things we can do to support our community members that are directly involved with this process;
- be mindful that they are people who will have concerns and feelings to
process
- keep focused on our bug reports, patches, packages, artwork, etc
- help celebrate the community this week (I think thats a thing thats
happening?)
- Install F29, Install Silverblue
- Answer the questions you know the answers to ( this is mostly a
reminder to myself, but if you want, you can borrow it :)
- Be patient, keep a list of questions or concerns that pertain to you,
there will be a time and a place for asking
I'm terrible at metaphors, but if you haven't been through this type of thing before, it feels as if someone just sent you official notice that you've drowned in a desert, or chocolate and vanilla are the same flavors. In other words, it will take a bit for folks to find their footing.
Cheers, Zach #aikidouke
devel mailing list -- devel@lists.fedoraproject.org To unsubscribe send an email to devel-leave@lists.fedoraproject.org Fedora Code of Conduct: https://getfedora.org/code-of-conduct.html List Guidelines: https://fedoraproject.org/wiki/Mailing_list_guidelines List Archives: https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org
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That’s a bit much, understand the concern, but the deal does state they’re going to uphold the opposite.
On Sun, Oct 28, 2018 at 11:15 PM John Coughlan johncoughlan@comcast.net wrote:
IBM is a cancer. How long have they been working with Watson, and what exactly do they have to show for it?
Also as many others have said their FOSS print is a joke at best.
As a community I feel like we are in some trouble here.
IBM shelled out A TON of money for RH, and the first thing they are going to do if it has not been done already is to crack the books. When they see that RH has been VERY supportive of it’s open source community I don’t think that’s going to fly. I don’t think we as a community are going to make it through this transition.
JC
On Oct 28, 2018, at 7:07 PM, Geoffrey Marr gmarr@redhat.com wrote:
Zach,
What good advice. Thank you. :)
Let's stick to what we know.
Geoff Marr IRC: coremodule
On Sun, Oct 28, 2018 at 7:59 PM Zach Villers zach@mailup.net wrote:
On 10/28/18 7:56 PM, Simo Sorce wrote:
We are all astonished honestly, I took to fedora-devel only because I finished reading *all* the internal emails about it that I downloaded so far (it took me a few hours) and ... still can't digest the news.
I am sure it will happen at some point, but this is news for *everyone* at Red Hat except a handful (at the CXX level) so give us some time ...
As someone who has been through this scenario multiple times ( and not currently at RH ), here are some helpful things we can do to support our community members that are directly involved with this process;
- be mindful that they are people who will have concerns and feelings to
process
- keep focused on our bug reports, patches, packages, artwork, etc
- help celebrate the community this week (I think thats a thing thats
happening?)
- Install F29, Install Silverblue
- Answer the questions you know the answers to ( this is mostly a
reminder to myself, but if you want, you can borrow it :)
- Be patient, keep a list of questions or concerns that pertain to you,
there will be a time and a place for asking
I'm terrible at metaphors, but if you haven't been through this type of thing before, it feels as if someone just sent you official notice that you've drowned in a desert, or chocolate and vanilla are the same flavors. In other words, it will take a bit for folks to find their footing.
Cheers, Zach #aikidouke
devel mailing list -- devel@lists.fedoraproject.org To unsubscribe send an email to devel-leave@lists.fedoraproject.org Fedora Code of Conduct: https://getfedora.org/code-of-conduct.html List Guidelines: https://fedoraproject.org/wiki/Mailing_list_guidelines List Archives: https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org
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I don’t know who runs or supports fusion.
In terms of IBM upholding the FOSS legacy that RH has been blazing in…As I said before - IBM’s actions speak to just the opposite. They can say whatever they want in press releases, but what they actually do is what I am worried about.
JC L0ft1369
On Oct 28, 2018, at 8:23 PM, Zachary Snyder sadin@fedoraproject.org wrote:
That’s a bit much, understand the concern, but the deal does state they’re going to uphold the opposite.
On Sun, Oct 28, 2018 at 11:15 PM John Coughlan <johncoughlan@comcast.net mailto:johncoughlan@comcast.net> wrote: IBM is a cancer. How long have they been working with Watson, and what exactly do they have to show for it?
Also as many others have said their FOSS print is a joke at best.
As a community I feel like we are in some trouble here.
IBM shelled out A TON of money for RH, and the first thing they are going to do if it has not been done already is to crack the books. When they see that RH has been VERY supportive of it’s open source community I don’t think that’s going to fly. I don’t think we as a community are going to make it through this transition.
JC
On Oct 28, 2018, at 7:07 PM, Geoffrey Marr <gmarr@redhat.com mailto:gmarr@redhat.com> wrote:
Zach,
What good advice. Thank you. :)
Let's stick to what we know.
Geoff Marr IRC: coremodule
On Sun, Oct 28, 2018 at 7:59 PM Zach Villers <zach@mailup.net mailto:zach@mailup.net> wrote: On 10/28/18 7:56 PM, Simo Sorce wrote:
We are all astonished honestly, I took to fedora-devel only because I finished reading *all* the internal emails about it that I downloaded so far (it took me a few hours) and ... still can't digest the news.
I am sure it will happen at some point, but this is news for *everyone* at Red Hat except a handful (at the CXX level) so give us some time ...
As someone who has been through this scenario multiple times ( and not currently at RH ), here are some helpful things we can do to support our community members that are directly involved with this process;
- be mindful that they are people who will have concerns and feelings to
process
- keep focused on our bug reports, patches, packages, artwork, etc
- help celebrate the community this week (I think thats a thing thats
happening?)
- Install F29, Install Silverblue
- Answer the questions you know the answers to ( this is mostly a
reminder to myself, but if you want, you can borrow it :)
- Be patient, keep a list of questions or concerns that pertain to you,
there will be a time and a place for asking
I'm terrible at metaphors, but if you haven't been through this type of thing before, it feels as if someone just sent you official notice that you've drowned in a desert, or chocolate and vanilla are the same flavors. In other words, it will take a bit for folks to find their footing.
Cheers, Zach #aikidouke
devel mailing list -- devel@lists.fedoraproject.org mailto:devel@lists.fedoraproject.org To unsubscribe send an email to devel-leave@lists.fedoraproject.org mailto:devel-leave@lists.fedoraproject.org Fedora Code of Conduct: https://getfedora.org/code-of-conduct.html https://getfedora.org/code-of-conduct.html List Guidelines: https://fedoraproject.org/wiki/Mailing_list_guidelines https://fedoraproject.org/wiki/Mailing_list_guidelines List Archives: https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org _______________________________________________ devel mailing list -- devel@lists.fedoraproject.org mailto:devel@lists.fedoraproject.org To unsubscribe send an email to devel-leave@lists.fedoraproject.org mailto:devel-leave@lists.fedoraproject.org Fedora Code of Conduct: https://getfedora.org/code-of-conduct.html https://getfedora.org/code-of-conduct.html List Guidelines: https://fedoraproject.org/wiki/Mailing_list_guidelines https://fedoraproject.org/wiki/Mailing_list_guidelines List Archives: https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org
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El dom., 28 de oct. de 2018 a la(s) 21:15, John Coughlan (johncoughlan@comcast.net) escribió:
IBM is a cancer. How long have they been working with Watson, and what exactly do they have to show for it?
Also as many others have said their FOSS print is a joke at best.
As a community I feel like we are in some trouble here.
IBM shelled out A TON of money for RH, and the first thing they are going to do if it has not been done already is to crack the books. When they see that RH has been VERY supportive of it’s open source community I don’t think that’s going to fly. I don’t think we as a community are going to make it through this transition.
Believe!
Let's stay positives :)
https://www.youtube.com/watch?v=x7ozaFbqg00
Porfirio.
On Mon, Oct 29, 2018 at 12:46 AM Simo Sorce simo@redhat.com wrote:
On Sun, 2018-10-28 at 19:44 -0400, Neal Gompa wrote:
It's always a wait and see approach. I'm a bit disappointed that no one from Red Hat has said anything yet. The only comfort is that apparently most RHers I know are equally surprised...
We are all astonished honestly, I took to fedora-devel only because I finished reading *all* the internal emails about it that I downloaded so far (it took me a few hours) and ... still can't digest the news.
It'd be nice if someone from up top would deign to come and talk to us directly...
I am sure it will happen at some point, but this is news for *everyone* at Red Hat except a handful (at the CXX level) so give us some time ...
From the press release, which is all I know about, it's not due to complete until "latter half of 2019." which is around a year from now and it has to go through all the regulatory reviews. Until that point there's nothing to discuss and I wouldn't expect any engagement with the community until then because everything is subject to change.
So I suspect it's a wait and see and we'll know more a year from now.
Peter
Le 2018-10-29 10:18, Peter Robinson a écrit :
From the press release, which is all I know about, it's not due to complete until "latter half of 2019." which is around a year from now and it has to go through all the regulatory reviews.
That’s not how those things work. As soon as two corps decide a buyout/a merge management is asked to anticipate it and start working and thinking as if the buyout/merge was effective.
And then if regulators finally say no, it costs some back-pedalling, but you don’t announce that kind of change if you do not expect regulators to ok it.
Regards,
On Mon, Oct 29, 2018 at 9:45 AM Nicolas Mailhot nicolas.mailhot@gmail.com wrote:
Le 2018-10-29 10:18, Peter Robinson a écrit :
From the press release, which is all I know about, it's not due to complete until "latter half of 2019." which is around a year from now and it has to go through all the regulatory reviews.
That’s not how those things work. As soon as two corps decide a buyout/a merge management is asked to anticipate it and start working and thinking as if the buyout/merge was effective.
And then if regulators finally say no, it costs some back-pedalling, but you don’t announce that kind of change if you do not expect regulators to ok it.
Sure, but the fact is that there's going to be a long run way and I would not expect anything to change in the community space for some time, just look at the recent github process that happened with Microsoft.
On Sun, Oct 28, 2018 at 5:44 PM, Neal Gompa ngompa13@gmail.com wrote:
On Sun, Oct 28, 2018 at 7:30 PM Charles-Antoine Couret renault@fedoraproject.org wrote:
Le 28/10/2018 à 22:32, Neal Gompa a écrit :
but the point is, IBM is not an open source company.
Eclipse, Linux (top 5 companies in term of kernel contributions), MQTT (network protocol), OpenPower (hardware), etc.
It is not perfect but it is a lot of projects and contributions to FOSS.
While it is true that they have given a lot to FOSS, they do even more with proprietary solutions. Their primary products are all proprietary solutions, and their cloud is not built from FOSS solutions. If the bean counters at IBM decide to change everything over and open source everything, then sure, I'll take it back.
And with the projects you mention, IBM is barely involved (except OpenPOWER).
Red Hat has been a company I've admired since I got into Linux back in 2000. I genuinely worry that IBM will smother Red Hat and kill one of the largest producers of awesome FOSS with its bureaucratic proprietary-ness.
When a company is buying another company, it is always a new story. We can't know in advance what would be the organization for both entities.
Red Hat could have a lot of autonomy, or not. IBM could be able to get only some products for them and let the rest for Red Hat as usual.
Experience with companies acquired by IBM in the past have indicated that I should not have hope for this...
Unless I see some ink indicating otherwise, I'm assuming it will be the same bloodsucking strategy they used on SoftLayer and other companies they bought.
It's pie in the sky but if it were a case of Red Hat buying IBM with IBM's money (ala Apple and NeXT) I wouldn't be as concerned. But yeah, IBM's acquisition track record speaks for itself, so it'd take some substantial ink to mitigate it. And also, the shareholders have to approve that deal. It really is up to them at this point.
It is difficult to predict this kind of things. The best thing to do is to wait more news from Red Hat about it. And see more concrete actions from them.
It's always a wait and see approach. I'm a bit disappointed that no one from Red Hat has said anything yet. The only comfort is that apparently most RHers I know are equally surprised...
It'd be nice if someone from up top would deign to come and talk to us directly...
There's an email I referenced from Whitehurst. I expect no one in Fedoraland knows more that they can also talk about publicly yet. For all kinds of reasons, not least of which RHT is a publicly traded company, all of this would have been known by a rather small number of Red Hat leadership until today.
And the bottom line is it really doesn't matter what anybody says, it matters what they do. And that's gonna take some time to sort out.
I’m concerned about IBM’s sluggish organization. It is not “seems like” but for real that IBM has a contrary leadership style comparing with Red Hat, isn’t it?
On Sun, Oct 28, 2018 at 07:44:12PM -0400, Neal Gompa wrote:
It'd be nice if someone from up top would deign to come and talk to us directly...
Communications are pretty carefully controlled for regulatory reasons, and the fact is even those at the top don't know everything yet. And speculation is basically right out. That said, I'm working on what I can do here. Are there specific things you'd like to ask?
Yea - Does IBM have any plans on keeping, or discarding any of RH’s open source efforts…like this one? Can we as a community still expect the same sort of, and level of involvement post sale as we have enjoyed before hand from RH/IBM employees?
-L0ft
On Oct 30, 2018, at 12:12 PM, Matthew Miller mattdm@fedoraproject.org wrote:
On Sun, Oct 28, 2018 at 07:44:12PM -0400, Neal Gompa wrote:
It'd be nice if someone from up top would deign to come and talk to us directly...
Communications are pretty carefully controlled for regulatory reasons, and the fact is even those at the top don't know everything yet. And speculation is basically right out. That said, I'm working on what I can do here. Are there specific things you'd like to ask?
-- Matthew Miller mattdm@fedoraproject.org Fedora Project Leader _______________________________________________ devel mailing list -- devel@lists.fedoraproject.org To unsubscribe send an email to devel-leave@lists.fedoraproject.org Fedora Code of Conduct: https://getfedora.org/code-of-conduct.html List Guidelines: https://fedoraproject.org/wiki/Mailing_list_guidelines List Archives: https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org
On Wed, Oct 31, 2018 at 6:13 AM John Coughlan johncoughlan@comcast.net wrote:
Yea - Does IBM have any plans on keeping, or discarding any of RH’s open source efforts…like this one? Can we as a community still expect the same sort of, and level of involvement post sale as we have enjoyed before hand from RH/IBM employees?
See the thread on the council list, basically it's too early to tell, no one is worried as IBM has a long record of embracing open source and it's way too early to tell, it's not due to close until H2 next year. See Matthew's response and others. For the time being it's continue as normal.
-L0ft
On Oct 30, 2018, at 12:12 PM, Matthew Miller mattdm@fedoraproject.org wrote:
On Sun, Oct 28, 2018 at 07:44:12PM -0400, Neal Gompa wrote:
It'd be nice if someone from up top would deign to come and talk to us directly...
Communications are pretty carefully controlled for regulatory reasons, and the fact is even those at the top don't know everything yet. And speculation is basically right out. That said, I'm working on what I can do here. Are there specific things you'd like to ask?
-- Matthew Miller mattdm@fedoraproject.org Fedora Project Leader _______________________________________________ devel mailing list -- devel@lists.fedoraproject.org To unsubscribe send an email to devel-leave@lists.fedoraproject.org Fedora Code of Conduct: https://getfedora.org/code-of-conduct.html List Guidelines: https://fedoraproject.org/wiki/Mailing_list_guidelines List Archives: https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org
devel mailing list -- devel@lists.fedoraproject.org To unsubscribe send an email to devel-leave@lists.fedoraproject.org Fedora Code of Conduct: https://getfedora.org/code-of-conduct.html List Guidelines: https://fedoraproject.org/wiki/Mailing_list_guidelines List Archives: https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org
On 31/10/18 06:21, John Coughlan wrote:
Yea - Does IBM have any plans on keeping, or discarding any of RH’s open source efforts…like this one? Can we as a community still expect the same sort of, and level of involvement post sale as we have enjoyed before hand from RH/IBM employees?
Even though this is not an official source of any kind, I think the analysis done here pretty well covers these questions for now:
https://www.zdnet.com/article/red-hat-an-independent-barony-in-the-kingdom-of-ibm/
Yea - Does IBM have any plans on keeping, or discarding any of RH’s open source efforts…like this one? Can we as a community still expect the same sort of, and level of involvement post sale as we have enjoyed before hand from RH/IBM employees?
-L0ft
Although I'm against this topic to get discussed on a development list, my interest would be how many stock shares [*} were hold by IBM before the announcement of the big merge. It's not commonly known that Red Hat is a company listed on stock market, as it turns out again. Significantly much money seems to base this company in capitalism. Come on, new bosses come and go again, as a developer you shouldn't care where the money [**] has its sources. Just try to keep the good mindset against this still great project and famous community like Fedora obviously is. Or decide to leave, it's up to you. Just my 5ct. Raphael
[*] https://www.nasdaq.com/de/symbol/rht/stock-chart [**] https://i.kym-cdn.com/photos/images/original/000/264/241/9e9.gif
On Tue, Oct 30, 2018 at 4:48 PM Matthew Miller mattdm@fedoraproject.org wrote:
On Sun, Oct 28, 2018 at 07:44:12PM -0400, Neal Gompa wrote:
It'd be nice if someone from up top would deign to come and talk to us directly...
Communications are pretty carefully controlled for regulatory reasons, and the fact is even those at the top don't know everything yet. And speculation is basically right out. That said, I'm working on what I can do here. Are there specific things you'd like to ask?
When did the engineering staff know? Will IBM push Red Hat towards, or away, from their current level of worldwide telecommuting? Whose management will be in charge on a day to day basis? What will be the relationship with Fedora? Will Red Hat engineers be as encouraged as they are now to publish software and fixes to the Fedora releases? Will the CentOS core development team stay employed by Red Hat? What is the expected release date for RHEL 8, so I can stop building the *very* large dependency chains between current Fedora components I need to backport to RHEL 7 and CentOS 7? Will IBM and Red Hat rein in the "let's replace another system function into systemd that has nothing to do with logging or daemon management" ?
On 01/11/18 07:18 -0400, Nico Kadel-Garcia wrote:
On Tue, Oct 30, 2018 at 4:48 PM Matthew Miller mattdm@fedoraproject.org wrote:
On Sun, Oct 28, 2018 at 07:44:12PM -0400, Neal Gompa wrote:
It'd be nice if someone from up top would deign to come and talk to us directly...
Communications are pretty carefully controlled for regulatory reasons, and the fact is even those at the top don't know everything yet. And speculation is basically right out. That said, I'm working on what I can do here. Are there specific things you'd like to ask?
When did the engineering staff know?
At the same time as everybody else: when the press releases went public on Sunday.
There's no way they could have given thousands of people advance notice without leaks, which would have risked insider trading. Regulations around this kind of thing are strict.
On Thu, Nov 1, 2018 at 8:14 AM Nico Kadel-Garcia nkadel@gmail.com wrote:
On Tue, Oct 30, 2018 at 4:48 PM Matthew Miller mattdm@fedoraproject.org wrote:
On Sun, Oct 28, 2018 at 07:44:12PM -0400, Neal Gompa wrote:
It'd be nice if someone from up top would deign to come and talk to us directly...
Communications are pretty carefully controlled for regulatory reasons, and the fact is even those at the top don't know everything yet. And speculation is basically right out. That said, I'm working on what I can do here. Are there specific things you'd like to ask?
When did the engineering staff know?
I'm pretty sure it's obvious by this thread that everyone found out at the same time...
Will IBM push Red Hat towards, or away, from their current level of worldwide telecommuting? Whose management will be in charge on a day to day basis? What will be the relationship with Fedora? Will Red Hat engineers be as encouraged as they are now to publish software and fixes to the Fedora releases? Will the CentOS core development team stay employed by Red Hat?
These are questions I'm interested in answers on. However, I'm also worried about how much the "cloud" was mentioned in the presser. It makes me nervous about Red Hat's investment into other areas, which a lot of the Linux ecosystem relies on, even outside of the Fedora community. Desktop Linux, traditional server platforms, IoT, etc. look like areas that might be disinvested in. :(
What is the expected release date for RHEL 8, so I can stop building the *very* large dependency chains between current Fedora components I need to backport to RHEL 7 and CentOS 7?
Yeah, no. They're not going to answer this. I wouldn't even expect them to. But a little sleuthing will give you some idea of when we'll see the next RHEL release. :)
Will IBM and Red Hat rein in the "let's replace another system function into systemd that has nothing to do with logging or daemon management" ?
Yeah, no. That's very pejorative. I wouldn't answer it even if I knew the answer to it.
-- 真実はいつも一つ!/ Always, there's only one truth!
These are questions I'm interested in answers on. However, I'm also worried about how much the "cloud" was mentioned in the presser. It makes me nervous about Red Hat's investment into other areas, which a lot of the Linux ecosystem relies on, even outside of the Fedora community. Desktop Linux, traditional server platforms, IoT, etc. look like areas that might be disinvested in. :(
Gnome, LibreOffice, PulseAudio, Pipeware .... and a really long list
available here:
https://community.redhat.com/software/
I really like the RedHat way about open source ( https://www.redhat.com/es/open-source/red-hat-way) many of those projects are lucrative, but many others are not so, Redhat have been profitable even investing a lot in many open source projects, so **MAYBE** IBM will make not many changes in the short or midle term, but if they want a higher return over investment they can see a way to cut expenses by reducing contributions to areas that they do not focus.
Fedora is the upstream of RHEL, I do not see IBM killing RHEL just because is the heart of RedHat bussines model, a there are a lot of things IBM can do on top of the RHEL base, and if you want to keep RHEL solid you need a strong base in the Fedora Project, I am really curios about IBM position about the Community around Fedora (**we** the people that do some stuff in Fedora without any direct RH income), I do not see IBM killing the Fedora Community just because they need to keep the development of the Linux ecosystem to keep RHEL strong, maybe we can see a lot more bureaucracy, we can maybe less budget for events, but I do thing that the Fedora Project will continue and I hope it will kepp being a awesome community to be part of it.
We have F29 out now and can be happy about it.
On Thu, Nov 1, 2018 at 2:26 PM Neal Gompa ngompa13@gmail.com wrote:
On Thu, Nov 1, 2018 at 8:14 AM Nico Kadel-Garcia nkadel@gmail.com wrote:
On Tue, Oct 30, 2018 at 4:48 PM Matthew Miller mattdm@fedoraproject.org wrote:
On Sun, Oct 28, 2018 at 07:44:12PM -0400, Neal Gompa wrote:
It'd be nice if someone from up top would deign to come and talk to us directly...
Communications are pretty carefully controlled for regulatory reasons, and the fact is even those at the top don't know everything yet. And speculation is basically right out. That said, I'm working on what I can do here. Are there specific things you'd like to ask?
When did the engineering staff know?
I'm pretty sure it's obvious by this thread that everyone found out at the same time...
Will IBM push Red Hat towards, or away, from their current level of worldwide telecommuting? Whose management will be in charge on a day to day basis? What will be the relationship with Fedora? Will Red Hat engineers be as encouraged as they are now to publish software and fixes to the Fedora releases? Will the CentOS core development team stay employed by Red Hat?
These are questions I'm interested in answers on. However, I'm also worried about how much the "cloud" was mentioned in the presser. It makes me nervous about Red Hat's investment into other areas, which a lot of the Linux ecosystem relies on, even outside of the Fedora community. Desktop Linux, traditional server platforms, IoT, etc. look like areas that might be disinvested in. :(
And none of those questions are anything to do with the Fedora project what so ever, they are between Red Hat employees, Red Hat and IBM. Whether a Red Hat employee works on Fedora from their house or an office desk is irrelevant! While I know people are fascinated by peaking over people's back fences or taking a sticky beak at someone else's private life basically none of any of the above has any outcome to do with Fedora, those questions that are have already been answered on this thread as best as they currently can be.
What is the expected release date for RHEL 8, so I can stop building the *very* large dependency chains between current Fedora components I need to backport to RHEL 7 and CentOS 7?
Yeah, no. They're not going to answer this. I wouldn't even expect them to. But a little sleuthing will give you some idea of when we'll see the next RHEL release. :)
Completely irrelevant WRT anything to do with the IBM acquisition.
Will IBM and Red Hat rein in the "let's replace another system function into systemd that has nothing to do with logging or daemon management" ?
Completely irrelevant. Please keep the thread on topic. Nice try trying to fuel sentiment but unrelated.
On Thu, Nov 1, 2018 at 12:12 PM Peter Robinson pbrobinson@gmail.com wrote:
On Thu, Nov 1, 2018 at 2:26 PM Neal Gompa ngompa13@gmail.com wrote:
On Thu, Nov 1, 2018 at 8:14 AM Nico Kadel-Garcia nkadel@gmail.com wrote:
On Tue, Oct 30, 2018 at 4:48 PM Matthew Miller mattdm@fedoraproject.org wrote:
On Sun, Oct 28, 2018 at 07:44:12PM -0400, Neal Gompa wrote:
It'd be nice if someone from up top would deign to come and talk to us directly...
Communications are pretty carefully controlled for regulatory reasons, and the fact is even those at the top don't know everything yet. And speculation is basically right out. That said, I'm working on what I can do here. Are there specific things you'd like to ask?
When did the engineering staff know?
I'm pretty sure it's obvious by this thread that everyone found out at the same time...
Will IBM push Red Hat towards, or away, from their current level of worldwide telecommuting? Whose management will be in charge on a day to day basis? What will be the relationship with Fedora? Will Red Hat engineers be as encouraged as they are now to publish software and fixes to the Fedora releases? Will the CentOS core development team stay employed by Red Hat?
These are questions I'm interested in answers on. However, I'm also worried about how much the "cloud" was mentioned in the presser. It makes me nervous about Red Hat's investment into other areas, which a lot of the Linux ecosystem relies on, even outside of the Fedora community. Desktop Linux, traditional server platforms, IoT, etc. look like areas that might be disinvested in. :(
And none of those questions are anything to do with the Fedora project what so ever, they are between Red Hat employees, Red Hat and IBM. Whether a Red Hat employee works on Fedora from their house or an office desk is irrelevant! While I know people are fascinated by peaking over people's back fences or taking a sticky beak at someone else's private life basically none of any of the above has any outcome to do with Fedora, those questions that are have already been answered on this thread as best as they currently can be.
I'm surprised that you take that opinion, because the fact that people are working on these things as part of their day job makes it so that things often move forward. In many cases, people can't afford to work on these kinds of things from the side without really sacrificing something.
Heck, I know that I sacrifice quite a lot of "free" time to working on stuff like this because I can't do it as part of my job. And because of that, my commitments are much woozier and limited, because I can't spend dedicated cycles on everything I work on.
The fact I get anything done is more the exception than the rule. :)
On Thu, Nov 1, 2018 at 8:32 AM, Neal Gompa ngompa13@gmail.com wrote:
These are questions I'm interested in answers on. However, I'm also worried about how much the "cloud" was mentioned in the presser. It makes me nervous about Red Hat's investment into other areas, which a lot of the Linux ecosystem relies on, even outside of the Fedora community. Desktop Linux, traditional server platforms, IoT, etc. look like areas that might be disinvested in. :(
The press release's focus on cloud cloud cloud sure makes it sound like desktop team will be first in line for cuts. I think it's quite natural for Fedora Workstation users to be worried right now, given the lack of public statement regarding the future of Red Hat's desktop work. It goes without saying that Fedora will not have a very bright future if Red Hat's investment in desktop and Workstation were to cease or be significantly reduced.
Plus a lot of my friends work on desktop and they will be :( :( :( if their jobs go away.
Michael
On 01/11/18 17:31, mcatanzaro@gnome.org wrote:
On Thu, Nov 1, 2018 at 8:32 AM, Neal Gompa ngompa13@gmail.com wrote:
These are questions I'm interested in answers on. However, I'm also worried about how much the "cloud" was mentioned in the presser. It makes me nervous about Red Hat's investment into other areas, which a lot of the Linux ecosystem relies on, even outside of the Fedora community. Desktop Linux, traditional server platforms, IoT, etc. look like areas that might be disinvested in. :(
The press release's focus on cloud cloud cloud sure makes it sound like desktop team will be first in line for cuts. I think it's quite natural for Fedora Workstation users to be worried right now, given the lack of public statement regarding the future of Red Hat's desktop work. It goes without saying that Fedora will not have a very bright future if Red Hat's investment in desktop and Workstation were to cease or be significantly reduced.
Plus a lot of my friends work on desktop and they will be :( :( :( if their jobs go away.
Please, this is speculation. This does no good. Do notice these parts from the press release:
- "IBM to maintain Red Hat’s open source innovation legacy, scaling its vast technology portfolio and *empowering its widespread developer community*"
- "With this acquisition, IBM will *remain committed* to Red Hat’s open governance, open source contributions, *participation in the open source* *community* and development model, and fostering its widespread developer ecosystem."
- "Upon closing of the acquisition, Red Hat will join IBM’s Hybrid Cloud team *as a distinct unit*, preserving the *independence* and *neutrality* of Red Hat’s open source development heritage and commitment, current product portfolio and go-to-market strategy, and unique development culture. Red Hat will continue to be led by Jim Whitehurst and Red Hat’s current management team. [...] IBM intends to *maintain* Red Hat’s headquarters, facilities, *brands* and *practices*."
(my own emphasizing)
All can be found here: https://www.redhat.com/en/about/press-releases/ibm-acquire-red-hat-completely-changing-cloud-landscape-and-becoming-worlds-1-hybrid-cloud-provider
And more details: - https://www.redhat.com/en/blog/red-hat-ibm-creating-leading-hybrid-cloud-provider
In addition, according to zdnet [0]:
'Arvind Krishna, IBM's senior vice president of hybrid cloud, said: "Red Hat must, and will, remain independent."'
This is a fairly strong statement from IBM.
[0] https://www.zdnet.com/article/red-hat-an-independent-barony-in-the-kingdom-of-ibm/
Lots can be said about IBM. But despite the rumours on the street, IBM isn't stupid. They have not spend 34 billion dollars to whack any chances of success and even jeopardise the chance of getting something really valuable back in return.
The cloud services IBM provides can benefit from the knowledge and experience Red Hat employees have. But these employees will not get that experience or being able to move forward if the RHEL stops innovating. And RHEL builds on Fedora. And if IBM managed to really mess this up, they will loose a great community which has helped Red Hat by far way achieving the position they have. Bare in mind that Red Hat's mission statement is all about this:
"To be the catalyst in communities of customers, contributors, and partners creating better technology the open source way."
With this deal, IBM didn't just get the Red Hat brand and Red Hat employees. They also got a thriving and engaged community. And a good leadership is able to see this and the value this gives. The Red Hat leadership definitely sees this and I'm pretty sure they will ensure IBM understands this too.
Plus, IBM is not unfamiliar with open source and they also drive their own open source projects too. Just look at what they've done on the POWER platforms and the OpenPower projects they've helped fuelling.
If IBM plays their cards well and also pays good attention to the advices I am sure the Red Hat leadership will give them, this can go very well - for all - including the Fedora community.
Now, you raise concerns about Fedora Workstation. But what is the fundamental base this variant of Fedora builds on? Fedora Workstation, Fedora Server and Fedora Atomic all builds on the same fundamental base. And what wouldn't be a better way to ensure Fedora is growing further into the developer areas than to have a solid Fedora based desktop on top of the server side? My point is, jeopardizing Fedora Workstation doesn't only reduce the desktop experience; it impacts the bigger scope of what Fedora is. It puts the whole "empowering widespread developer community" statement at risk.
Plus ... IBM does not, will not and can not manage or control the community itself regardless of Red Hat being acquired or not. It can only manage the people on their payroll in regards to what they work on in their working hours. But the best way to kill passion is to tell people what not to do. And this would go completely against the statement of the Senior Vice President Arvind Krishna at IBM said: "Red Hat must, and will, remain independent". What would IBM in the end benefit from by killing passion and risking reducing the impact Fedora has in a bigger scale - which is what drives RHEL - and provides the knowledge and experience needed in the future cloud solutions?
I do believe Fedora, as a whole, plays a fundamental role in the bigger ecosystem for RHEL and towards the hybrid cloud everyone works towards. Fedora plays a role providing a good experience and platform, all from the developers and the sys-admins perspective to the end users, leading the way towards the future enterprise solutions. Which is why IBM wanted Red Hat.
On Sun, 28 Oct 2018 23:39:52 +0100, you wrote:
Le 28/10/2018 à 22:32, Neal Gompa a écrit :
but the point is, IBM is not an open source company.
Eclipse,
Not exactly a ringing endorsement given Eclipse's poor reputation.
Linux (top 5 companies in term of kernel contributions), MQTT (network protocol), OpenPower (hardware), etc.
All server oriented, whereas Red Hat has been server yes but a lot more.
On Sun, Oct 28, 2018 at 05:32:52PM -0400, Neal Gompa wrote:
Red Hat has been a company I've admired since I got into Linux back in 2000. I genuinely worry that IBM will smother Red Hat and kill one of the largest producers of awesome FOSS with its bureaucratic proprietary-ness.
I wrote this yesterday on HN:
Will Red Hat's acquisition hurt fedora?
In a word, no. It would be crazy for IBM to put at risk Red Hat's proven and highly profitable development model, and that all starts with Fedora.
Of course no one knows, and maybe IBM will kill Fedora, but I think they would have to be especially stupid to do that and (despite what you read) they are not stupid.
Rich.
On Sun, 28 Oct 2018, 22:22 Chris Murphy, lists@colorremedies.com wrote:
On Sun, Oct 28, 2018 at 2:17 PM, Antonio Trande anto.trande@gmail.com wrote:
"IBM to acquire Red Hat in deal valued at $34 billion"
https://www.cnbc.com/2018/10/28/ibm-is-reportedly-nearing-deal-to-acquire-re...
Official press release.
https://www.redhat.com/en/blog/red-hat-ibm-creating-leading-hybrid-cloud-pro...
The reported deal is $34 billion, and Red Hat's closing market cap on Friday was ~$20 billion, that's a big price premium. I'm not a lawyer let alone a securities lawyer, but my guess is if Red Hat management had refused the deal, I think they'd face shareholder lawsuits. So anyone looking to be mad, it would be completely understandable, but this is basically a shareholder driven deal.
Also, "distinct unit" is vague and next to meaningless. Until acquisition details are released, there's no way of knowing exactly what level of autonomy Red Hat is going to have, let alone what it means for CentOS and Fedora.
For what it's worth, SUSE and openSUSE have been through a few of these over the years, and openSUSE is still kicking.
I hope many red hatters working in Fedora have stock and/or options!
/Andreas
-- Chris Murphy _______________________________________________ devel mailing list -- devel@lists.fedoraproject.org To unsubscribe send an email to devel-leave@lists.fedoraproject.org Fedora Code of Conduct: https://getfedora.org/code-of-conduct.html List Guidelines: https://fedoraproject.org/wiki/Mailing_list_guidelines List Archives: https://lists.fedoraproject.org/archives/list/devel@lists.fedoraproject.org
Chris Murphy writes:
The reported deal is $34 billion, and Red Hat's closing market cap on Friday was ~$20 billion, that's a big price premium. I'm not a lawyer let alone a securities lawyer, but my guess is if Red Hat management had refused the deal, I think they'd face shareholder lawsuits.
Yeah. I bought a little bit of RHAT when they went public. This is going to be a nice little return on my investment. Not a fortune, by any means, but certainly a nice little bonus. That's pretty much the only good thing I can think of, right now.
On Sun, 28 Oct 2018 21:17:50 +0100 Antonio Trande anto.trande@gmail.com wrote:
"IBM to acquire Red Hat in deal valued at $34 billion"
https://www.cnbc.com/2018/10/28/ibm-is-reportedly-nearing-deal-to-acquire-re...
Business as usual for Fedora?
This was pretty much inevitable. Out of companies with deep enough pockets - IBM is a good outcome. In the end, it will be good for both companies. It isn't helpful to have a negative attitude about it. “Change is the law of life and those who look only to the past or present are certain to miss the future" - or as my boss is so fond of saying: The train is leaving the station, get on board or get left behind. This is a done deal.