3 ms·

Related: S&P Global has lowered Oracle’s creditworthiness from BBB to BBB- https://news.ycombinator.com/item?id=48909768 https://news.ycombinator.com/item?id=

Related: S&P Global has lowered Oracle’s creditworthiness from BBB to BBB- https://news.ycombinator.com/item?id=48909768 https://news.ycombinator.com/item?id=48909768

spamizbad 4mo ago
One level above junk. Yikes.
- mschuster91 4mo ago
  The problem with Oracle is how much utterly and directly depends on them. They still are the authoritative source on "what is Java" and stuff like SAP directly depends on Java and in many cases Oracle Database (the supported alternatives are AFAIK IBM's mainframe stuff and MS SQL, but I only ever saw Oracle whenever I had the misfortune of having to dig into SAP). If Oracle goes down, a lot of businesses are going to be in a lot of trouble, and there will be a lot of fighting over the scraps.
  - cyanydeez 4mo ago
    oh no, not the hierarchy of consulting! the horrors. Better grab your nearest gpu and open model to replace them.
  - mattalex 4mo ago
    SAP has largely switched over to their own HANA database for new deployments. Even before that their "AnyDB" database worked with pretty much any backend and is still supported. The reason you see oracle has less to do with what SAP wants and more to do with "It's what the company/engineers have already used/set up in the past". Regarding Java, SAP has long switched over to openjdk (though oracle java is supported in some cases). Specifically, they have their own custom fork of openjdk "SapMachine" precisely to be independent from oracle (FYI: if you look at openjdk upstream you will see many core contributors are employed by SAP) In general, I would say that the actual tech companies that have to interact with oracle's stuff are generally very well equipped to drop them or have already done so. The bigger issue are legacy "consumers" of oracle (e.g. if Pepsi has their data in oracle DB), which often do not have such contingencies.
  - cozzyd 4mo ago
    yeah, like my university's whole accounting system...
  - nitwit005 4mo ago
    It's rare for a large company to simply close down. Usually someone buys it out of bankruptcy, and keeps the profitable parts going. Database licensing definitely makes money.
cyanydeez 4mo ago
every stock should have the chance to go to zero if we are to have a true Free Market.
- superze 4mo ago
  Instead they bail them out and let society go to zero. But socialism bad
- Ekaros 4mo ago
  Fundamentally wiping out shareholders and most of bond holders bonds is a good thing. It keeps markets healthy and honest. Excuses about pensions is just excuses from gamblers.
  - 2OEH8eoCRo0 4mo ago
    The boom/bust cycle is the Faustian engine of innovation. Take away the risk of busts and we have fake capitalism without innovation or renewal.
  - cyanydeez 4mo ago
    remember during covid it was deemed acceptable for the elderly to die for the economy? We need that, but for useless corporate slop that's now relaceable by useless AI slop. Slop In, Slop Out (SISO)
jollyllama 4mo ago
Damn, that's after it was already lowered last fall. I lack perspective, does that mean it's sinking like a stone?

Related: S&P Global has lowered Oracle’s creditworthiness from BBB to BBB- https://news.ycombinator.com/item?id=48909768 https://news.ycombinator.com/item?id=48909768

spamizbad 4mo ago

One level above junk. Yikes.

mschuster91 4mo ago
The problem with Oracle is how much utterly and directly depends on them. They still are the authoritative source on "what is Java" and stuff like SAP directly depends on Java and in many cases Oracle Database (the supported alternatives are AFAIK IBM's mainframe stuff and MS SQL, but I only ever saw Oracle whenever I had the misfortune of having to dig into SAP). If Oracle goes down, a lot of businesses are going to be in a lot of trouble, and there will be a lot of fighting over the scraps.
- cyanydeez 4mo ago
  oh no, not the hierarchy of consulting! the horrors. Better grab your nearest gpu and open model to replace them.
- mattalex 4mo ago
  SAP has largely switched over to their own HANA database for new deployments. Even before that their "AnyDB" database worked with pretty much any backend and is still supported. The reason you see oracle has less to do with what SAP wants and more to do with "It's what the company/engineers have already used/set up in the past". Regarding Java, SAP has long switched over to openjdk (though oracle java is supported in some cases). Specifically, they have their own custom fork of openjdk "SapMachine" precisely to be independent from oracle (FYI: if you look at openjdk upstream you will see many core contributors are employed by SAP) In general, I would say that the actual tech companies that have to interact with oracle's stuff are generally very well equipped to drop them or have already done so. The bigger issue are legacy "consumers" of oracle (e.g. if Pepsi has their data in oracle DB), which often do not have such contingencies.
- cozzyd 4mo ago
  yeah, like my university's whole accounting system...
- nitwit005 4mo ago
  It's rare for a large company to simply close down. Usually someone buys it out of bankruptcy, and keeps the profitable parts going. Database licensing definitely makes money.

cyanydeez 4mo ago

every stock should have the chance to go to zero if we are to have a true Free Market.

superze 4mo ago
Instead they bail them out and let society go to zero. But socialism bad
Ekaros 4mo ago
Fundamentally wiping out shareholders and most of bond holders bonds is a good thing. It keeps markets healthy and honest. Excuses about pensions is just excuses from gamblers.
- 2OEH8eoCRo0 4mo ago
  The boom/bust cycle is the Faustian engine of innovation. Take away the risk of busts and we have fake capitalism without innovation or renewal.
- cyanydeez 4mo ago
  remember during covid it was deemed acceptable for the elderly to die for the economy? We need that, but for useless corporate slop that's now relaceable by useless AI slop. Slop In, Slop Out (SISO)

jollyllama 4mo ago

Damn, that's after it was already lowered last fall. I lack perspective, does that mean it's sinking like a stone?