So here’s the story, folks. This company, a very smart company, didn’t care about security for years. Total disaster. Then bo-m! They get hacked. Suddenly, they “find” all this money for cybersecurity, like it was hiding under the CEO’s golf clubs. Now they’re bragging about their “massive investment” in security and even rolled out a shiny new “promise to customers”. Very touching, very emotional stuff. But behind the scenes? They cut the budget for training the people who actually use and develop the systems. Brilliant strategy! They say it’s about protecting customers, but everybody knows it’s just about protecting their image. “We take security very seriously,” they say. Sure they do. About as seriously as they took it the day before the breach. Sad!
20 replies (most recent on top)
@b0j regardless of stock price the products are still cr-p
@OP F5’s share price is skyrocketing! Absolutely blasting off despite what the media is very nervously calling major security issues. Incredible, really. Hacks here, vulnerabilities there, and the stock just keeps winning like it didn’t even get the memo. Analysts are shocked, critics are confused, investors and executives are saying, “Security problems? Never heard of them.” The chart is going straight up, confidence is through the roof, and frankly, it’s the kind of rise that ignores reality and just says, “We’re doing amazing, folks.”
@ab Interesting idea. Very good idea! FLD will use Claude to generate and push the code. Sounds like a great and secure solution. Let me tell you one thing. The future is bright. I hope so. If not, he will have problems, many problems.
@6yf same BS folks, same BS. Tremendous BS! Only PR, no real work, no quality, no security, no budget. I’m very disappointed.
@OP FLD sounds like Trump
@OP very sad indeed
@OP with the approach “we don’t have time for security as part of our work”, the company is doomed to fail
@ac I'm glad you do not own FFIV.
According to Powered by Trefis
Price estimate: $317.02 based on revenues from
52.72% Services
39.41% Application Delivery Network
7.87% Cash/Net of debt
Total 100%
A huge client of ours with a market cap of over $50 billion has abruptly cancelled a contract with us and fled to a competitor : every single application on the cloud and web migrated out of f5.
F5 is finished as a company. Stolen source code means nothing is proprietary anymore so even an acquisition is no longer on the cards.
The company will die a slow death because our competitors provide better security, load balancing and cloud solutions.
Investors beware.
@be Look, in some of these so-called “people’s” systems, they’ve got a tremendous way of dealing with complaints about product quality. They simply don’t let you make any. It’s amazing, really. You buy a toaster that works about as well as a wet potato, and if you even whisper, “Hey, this thing doesn’t toast,” suddenly you’re the enemy of the state.
Believe me. They tell you everything is perfect. The best products, absolutely flawless and secure! Even though the wheels are falling off and the paint’s peeling before you open the box. And if you’re not cheering? Well, you must be confused, because the product is fantastic, rock-solid and easy to use they say. Total silence. Tremendous silence. The best silence anywhere. Well done folks!
@a2 It time to silence those who are concerned about the lack of quality that exists in
F5 products.
how many affected? hope not my team as they have been together for 5 years+!! Hasn't been the same since Mcmillan left......
@a5 f5 stock traded for $244.71/share on 12 31 2021 - almost 4 years ago and it's now about $238/share. A return of about -1%. A great investment.
@a4 we will only need one guy as AI will be doing all the work. No need for people anymore
I wasn't on the call... what was said about layoffs? Which departments? How many? Never got the invite....
@OP F5 stock just dropped before 237/share. Last time is was at this level are about a year ago. Way to go FLD!!! We are so proud of you.
@a3 Well, that’s a lot of people. Tremendous people, the best people, I’m sure. But apparently, the new direction is so good, so efficient, so next-level amazing that we just don’t need them anymore! Incredible. Nobody’s ever seen a direction like this before. It’s going to save so much money, maybe we’ll even get tired of saving.
And let me tell you. When they say ‘RIF,’ they really mean ‘Really Incredible Firing.’ Total winners, these guys. Six months from now, we’ll have the leanest, meanest operation ever. Maybe just one guy left in the office, but he’ll be doing tremendous work. Maybe even two guys. We’ll see what happens. It’s going to be beautiful.
@OP If this is truly the new direction, there will be need to be a RIF of 6500+ over the next 6 months.
RIFs to shortly follow for strategic realignment
@OP good word smithing. The execs are a bunch of shitheads it takes years and years to be good excellent at anything. Can't buy it like trump seems to think so