Former SAS employee Thomas Dinsmore is always entertaining. His first post on his new Substack is "What's Next for SAS".
https://thomaswdinsmore.substack.com/p/whats-next-for-sas
19 replies (most recent on top)
I’d ask people to (pun intended) lay off the ad hominem attacks, but this page, after all, is essentially an instance of social media.
Oh, why bother?
I always enjoy reading Mr. Dinsmore, but I’ll quibble with a few of his statements.
- “It is unlikely that public companies like Microsoft or SAP would consider buying SAS unless the company restructures before the transaction. Public companies don’t want to buy headaches.”
True, “public companies like Microsoft or SAP” rarely restructure acquisitions. It’s not part of their business model.
It is very much part of Broadcom’s business model; that’s why they were interested in SAS. Instead they bought VMWare, which they are restructuring as we speak.
Among public companies, Broadcom is an exception: when acquiring software companies, they operate like private equity.
- “I’ve worked for three companies that completed an IPO, and none took three years to prepare.”
That’s probably because those companies were planning to IPO.
An IPO requires three years of audited financial statements, approved by the SEC. As a private company, SAS was not required to do this.
The plan to IPO was announced in 2021. Statements for 2022, 2023, and 2024 will give SAS the required three years.
- “Companies that lack a credible growth story do not survive as public companies. Just ask Alteryx or TIBCO."
Absolutely correct. There’s nothing to prevent a SAS IPO; but there’s also nothing to prevent an acquisition — either pre-empting an IPO or following one.
If SAS were mine, I’d be preparing to IPO in 2025, as a fallback position; and I’d be talking with Broadcom and private equity, right now.
“ Then it sounds like the only winning move is not to play, precious.”
“ We accuse others of doing the things we ourselves are guilty of, my friend.”
Do “we”?
You sound like Sméagol.
Yes, you can haz layoff sooner or later. Be patient!
I can haz layoff?
Then it sounds like the only winning move is not to play, precious. Exercise some self-control. If other people voicing their opinions makes you so mad maybe you need to step away from the keyboard and go touch grass.
The most amusing thing is the utter lack of self-realization in every post. I'm a "sad little person" who's "not worthy of [your] time" that you picture as "one of the slowboats that is always jealous of the doers and thinkers but unwilling/unable to keep up".
We accuse others of doing the things we ourselves are guilty of, my friend.
@1khm+1tjrYXtb You are brilliant. Rewriting history, despite it being only 3 comments down, such that you know me so well and have predicted everything I would say.
You must be ki-ling it in the stock markets. Oh wait everyone is.
And one of the funny things is you keep thinking it is one person you are replying to/about. It isn’t. LOL.
You are not worthy of my time and I sure as sh-t hope I don’t work with you. If so I can picture you as one of the slowboats that is always jealous of the doers and thinkers but unwilling/unable to keep up.
What are you people going on about? I'll always be grateful for the career Dr. G provided for me at SAS. But it doesn't take a Wall Street genius to know that a company that has been stuck at $3B in revenue since 2013 isn't going to be an attractive IPO prospect.
"TD ... makes some assertions that he very can’t possibly know."
I know right? He's not a SAS spokeshole, so what does he know? That's what I said you'd say! But you're giving it some thought because Dinsmore said it? That's what I said you'd do! You're the apologist I was talking about!
@1zhw+1tjrYXtb You sound like a sad little person. Anyone who doesn’t agree with you is a SAS apologist. Must be nice living in your ivory tower.
I thought there was truth in TD analysis but also makes some assertions that he very can’t possibly know.
Yah, I was going to tell Dinsmore to buy an ad, but I'm glad he's back to paying attention to SAS. It will probably make some of the apologists who don't believe anyone has anything to say about it that some SAS spokeshole hasn't already said think twice. And it will give the apologists another target for their "utter contempt".
TD Is most certainly a provocateur, however he does have fairly deep ties in the modern analytics market. I find him entertaining and likely more credible than the marketing spin coming from current SAS leadership.
"Show me the evidence of what he states! Otherwise, it is all rubbish."
Are you willing apply that logic to Viya NET revenue?
"11 years ago he said JHG was 82? Did I read that wrong?"
Yes, you did.
In his post back in 2013 : https://thomaswdinsmore.com/2013/09/24/endgame-for-sas/
he said "Goodnight is 71 years old" then which makes JG 82 in 2024 which is correct in his recent post in https://thomaswdinsmore.substack.com/p/whats-next-for-sas .
TD is just a non-anonymous opinion. He hasn't worked at SAS in ages, and can't know the inner thoughts of Dear Leader.
Show me the evidence of what he states! Otherwise, it is all rubbish. SAS will IPO! I believe in SAS so much, that I'll take the other side of that case of champagne bet!
11 years ago he said JHG was 82? Did I read that wrong?
He's back! I used to love reading his blog posts. Thanks!
Well said, thanks for the link!