Oracle appears to be undergoing a similar situation. Although uncanny, it’s not entirely surprising:
https://www.thelayoff.com/oracle
https://www.thelayoff.com/t/1kawcch11
https://www.thelayoff.com/post/@eq+1karc4qsa
Which companies in this situation will be successful in transition? International Business Machines was successful in the past but with the latest radical shifts in technology, will older companies survive?
@g0 I also see no Oracle defenders on TheLayoff.com. In contrast, one SAS defender here continually posts denials of reality.
They describe flat revenues as a positive, when in fact they cause layoffs. They describe SAS layoffs as small, when in fact they affect hundreds of people.
I hope SAS returns to growth. I hope Viya, in its 10th year, suddenly takes off and starts increasing SAS revenues. But it helps no one to deny reality.
@g0 You should go apply to Oracle. I’m sure they would be impressed and hire you on the spot.
@g0 acknowledge what point? Not sure you have ever really made a point.
How many posts in oracle are you basing this on? The three posts you read all responses for? Any more than that and I’ll think maybe you need a hobby. Nobody ever said anything pro oracle in all the posts in that forum? Yeah I’m sure you are probably right.
Denial is a real thing indeed. Not sure anyone was saying it isn’t. The problem with it is that it is usually the people who run around calling people denialists that maybe need to look in the mirror. I just don’t feel the need to ridicule you because of your dumazz comments. Ok never mind I do feel the need.
@cp Funny, there seems to be a lack of Oracle defenders in those posts. SAS defenders in these posts, however…
I know you can’t acknowledge this point. Denial is a real thing.
BTW, how are those IPO preparations coming?
@cj Compare and contrast with all the “Jim you are so awesome” posts here?
Ok done. None here either.
Read through several of the threads. Sure, there are posts by the overconfident John Wayne-type of guy, but there are zero virtue-signaling posts proclaiming “Larry, you’re so awesome!”
Compare and contrast.
@bt Sure 50 billion sounds impressive but my favorite numbers guy should jump in and give us an inflation adjusted view of things.
The situation is similar in that the core products of both Oracle and SAS compete against Open Source.
However, Oracle is much larger with more diversified revenue streams. They have been slow to the Cloud and slow to AI, but they may succeed in making the transition.
IBM is not only slow but has a long history, as JHG once said, of sc--wing up every company they buy. Still, they are so large and so diversified, it will take a long time before they go under.
For both companies, annual revenue is over $50B.
It would not surprise me if revenue numbers were supplemented by growth from a massive charitable foundation — if you are in the family’s good graces, you get the “charity”. If not, you are moved along.
@ap ding ding ding. We have a winner.
That is our biggest strength and biggest weakness at the same time.
In the past having no debt was a great thing. It still is but debt or taking on investors is also the only realistic way of making the big gambles properly.
Unless you are a Elon Musk or a very few others.
As a public company, Oracle can invest in new products by taking on debt. SAS, a private, conservatively managed company, will not take on such debt.
That prevents SAS from competing in areas that require large investment -- for example, the current AI arms race, in which every company spends tens of billions.
SAS must instead build products that are small and innovative.