back to article Car crash: Ford writes down $181m in Pivotal stock as investors claim cloud biz still can't do Kubernetes properly

Ford says it took a hit on its $182m investment in cloudy biz Pivotal Software. In its financial filings for the second quarter of this year, published Wednesday this week, the automaker noted it had to write down $181m of what it termed a "mark-to-market valuation loss" on its 2016 Pivotal investment. That meant the market …

  1. Throatwarbler Mangrove Silver badge

    More Dell EMC magic

    A Dell EMC product not being compatible with the market-leading competitor? I'm shocked, shocked I say!

  2. Pascal Monett Silver badge

    Hang on

    "[Pivotal] failed to disclose to investors: (1) that the company’s PAS [Pivotal Application Service] product was not compatible with the industry-standard Kubernetes platform;"

    So you invest in a cloud services company and you do not check that it is Kubernetes-compatible beforehand ?

    Are you HP or what ?

  3. TheMeerkat

    So they are saying due diligence before investing into an IT company did not involve asking real IT professionals for an advice? The finance people wearing suites thought they knew better?

  4. avakum.zahov

    Even FedEx coul not help?

    Wow! Pivotal is not doing well? Even after all the money that FedEx had sunk in their PAAS. No surprise there. It becomes a pattern of FedEx making wrong IT bets.

  5. Anonymous Coward
    Anonymous Coward

    Pivotal now, VMware later.

    Some of you will laugh but VMware will be the next boat anchor for Dell. There’s not a wave of enthusiasm for VMware on AWS and there’s holes appearing in vSan. Not sure they have a solid next step n their roadmaps.

  6. maddoxx

    Why should a car maker

    invest in a company trying to sell "premium" things for a open source thingie..

    confusion - possibly because i´m german

    1. Oneman2Many

      Re: Why should a car maker

      Because every car maker understands that selling metal is not going to last for ever and the real money in the future is transport services. Reality is nobody is doing PaaS at scale on prem very well at the moment.

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