News for hackers. Stuff that matters.
Re:Cisco pulled out of SentinelOne acquisition after due dil... by klysm on Thursday September 21, 2023 @11:45AM (#37599405)
If this is indeed an excel mistake (which I strongly suspect), I wonder if it is one of the more expensive ones.
Re:Cisco pulled out of SentinelOne acquisition after due dil... by vpribish on Thursday September 21, 2023 @12:36PM (#37600175)
If it was indeed an off-by-one error (hard to see why not), I wonder if it is one of the more embarrassing ones.

If it was indeed a spirit-medium con (who could say otherwise), I wonder if it is one for the ages.

If it was indeed a Feng Shui conflict (many might say it was), I wonder if it is one of the more consequential ones.

Re:Cisco pulled out of SentinelOne acquisition after due dil... by wsinks on Thursday September 21, 2023 @01:39PM (#37601129)
I'm unfamiliar with a spirit-medium con and a Feng Shui conflict. Do you mean just a 'medium sized con game' and Feng Shui meaning that things just didn't line up in the ultimate vision?

I'd love to know more.

Re:Cisco pulled out of SentinelOne acquisition after due dil... by vpribish on Thursday September 21, 2023 @02:52PM (#37602237)
Corporate Feng Shui gets pretty technical, but that’s basically it. Spirit medium con is more seance than size. Amazing times we live in!
Re:Cisco pulled out of SentinelOne acquisition after due dil... by meepmorp on Thursday September 21, 2023 @12:28PM (#37600054)
What makes you think it's an excel mistake? I didn't see anything particularly suggestive in the article itself, so perhaps you know more than is mentioned?
Re:Cisco pulled out of SentinelOne acquisition after due dil... by ethbr1 on Thursday September 21, 2023 @01:18PM (#37600811)
>> This discovery even led the company to change its ARR calculation method to reflect reality more accurately and also take into account scenarios of reduced usage of its solutions by customers.

It sounds like they were using an ARR model that failed to take into account partial usage, in a significant way.

Re:Cisco pulled out of SentinelOne acquisition after due dil... by klysm on Thursday September 21, 2023 @09:40PM (#37606871)
I don't understand why you need a model for ARR
Re:Cisco pulled out of SentinelOne acquisition after due dil... by lenerdenator on Thursday September 21, 2023 @11:46AM (#37599411)
"You can do that?!"- Elon, probably
Re:Cisco pulled out of SentinelOne acquisition after due dil... by ethbr1 on Thursday September 21, 2023 @11:56AM (#37599562)
"Yes, remember when we defined due diligence for you, before you decided to go another way?"- Elon's lawyers, probably
Re:Cisco pulled out of SentinelOne acquisition after due dil... by Lord_Zero on Thursday September 21, 2023 @12:08PM (#37599738)
"What is due diligence?" - Elon, probably
Re:Cisco pulled out of SentinelOne acquisition after due dil... by class4behavior on Thursday September 21, 2023 @12:08PM (#37599740)
Due diligence usually refers to the review of the asset you're trying to acquire. There weren't any significant surprises about Twitter's state. Elon's issue was Elon.
Re:Cisco pulled out of SentinelOne acquisition after due dil... by WoahNoun on Thursday September 21, 2023 @12:21PM (#37599920)
Elon specifically waived the ability to withdraw because of post-signing due diligence in his offer to twitter's board. It's one of the (many) reasons he had little ability to get out of the deal once he changed his mind.
Re:Cisco pulled out of SentinelOne acquisition after due dil... by class4behavior on Thursday September 21, 2023 @12:41PM (#37600249)
[delayed]
Re:Cisco pulled out of SentinelOne acquisition after due dil... by WoahNoun on Thursday September 21, 2023 @01:00PM (#37600529)
It potentially could have. For example, post-signing he had a big fight with twitter's lawyers over the right way to measure bot accounts. If he could prove it was much higher than twitter's SEC filings, he might have been able to withdraw from the deal if he kept the due diligence condition.
Re:Cisco pulled out of SentinelOne acquisition after due dil... by darth_avocado on Thursday September 21, 2023 @12:42PM (#37600273)
He waived it to look cool.
Re:Cisco pulled out of SentinelOne acquisition after due dil... by ok123456 on Thursday September 21, 2023 @01:35PM (#37601076)
Then he complained about 'bots' as if he was trying to do his due diligence after the fact.
Re:Cisco pulled out of SentinelOne acquisition after due dil... by leoqa on Thursday September 21, 2023 @02:55PM (#37602286)
Are there any successful security firms? They all seem to be burning money.
Re:Cisco pulled out of SentinelOne acquisition after due dil... by klysm on Friday September 22, 2023 @12:19AM (#37607815)
I’m convinced most of their products are a scam. You can’t buy security after you’ve done a shitty job engineering everything
Re:Cisco pulled out of SentinelOne acquisition after due dil... by reducesuffering on Friday September 22, 2023 @03:22AM (#37608955)
Crowdstrike
Re:Cisco pulled out of SentinelOne acquisition after due dil... by figassis on Sunday September 24, 2023 @09:49AM (#37633089)
I sometimes view security firms as I view Wordpress security plugins. Back when I did Wordpress consulting I went through most security plugins and realized they were pretty much scams. Obfuscate some names and hashes and show some checks. They would run as part of your app, so your servers would need to be beefier. But you’d soon realize putting your server behind a waf, and hardening your server and db and generally following best practices got you 100% there. But novice developers felt very safe with these plugins and every website I fixed that had them was a mess. They didn’t understand what the plugins were doing, only that they showed green checkmarks. Security firms like to show green checkmarks.
Re:Cisco pulled out of SentinelOne acquisition after due dil... by ThePowerOfFuet on Friday September 22, 2023 @11:29AM (#37613334)
The link is dead.
Re:Cisco pulled out of SentinelOne acquisition after due dil... by guyzyl on Saturday September 23, 2023 @09:28AM (#37623040)
Long live the link