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| ▲ | triceratops 5 hours ago | parent | next [-] |
| Oracle the company filing for Chapter 11 protection doesn't mean Oracle the software stops running on all the machines it's installed on. |
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| ▲ | justinhj 5 hours ago | parent | prev | next [-] |
| If Oracle suffered a massive financial collapse wouldn't all those aspects of its business that are needed and paid for "just" get sold off and be managed as a new entity? I quote just because it would be an enormous amount of paperwork and organizational restructuring, but people with enterprise scale money tend to get to keep the services they pay for. |
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| ▲ | coredog64 5 hours ago | parent [-] | | This came up in the last discussion: The TL;DR is that shareholders go to zero, bond holders take a haircut and then own "new Oracle" (Opacle?) that can generally sustain itself with revenues from agressive JDK audits, RDBMS licenses, and ERP/PeopleSoft. (Opacle == One Poor A-hole Called Larry Ellison) |
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| ▲ | lotsofpulp 5 hours ago | parent | prev | next [-] |
| The technology would not collapse, only the equity owners' purchasing power would collapse. Ellison owns 40%, so the rest of society only loses 60% * $360B = $260B, which is not much in the grand scheme of things. |
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| ▲ | lkbm 4 hours ago | parent [-] | | And "the rest of society" are those buying BBB/BBB- bonds. This is a risk taken in exchange for higher interest rates. That'll include some big retirement/investment funds, but it's not big funds blindly buying without considering the risk. |
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| ▲ | asdfman123 5 hours ago | parent | prev [-] |
| Just think of it as a final service shutoff. Clients have had 30 years to migrate off of Oracle. /s |
