Thirty years ago today, Netscape Communications and Sun Microsystems issued a joint press release announcing JavaScript, an object scripting language designed for creating interactive web applications. The language emerged from a frantic 10-day sprint at pioneering browser company Netscape, where engineer Brendan Eich hacked together a working internal prototype during May 1995.
While the JavaScript language didn’t ship publicly until that September and didn’t reach a 1.0 release until March 1996, the descendants of Eich’s initial 10-day hack now run on approximately 98.9 percent of all websites with client-side code, making JavaScript the dominant programming language of the web. It’s wildly popular; beyond the browser, JavaScript powers server backends, mobile apps, desktop software, and even some embedded systems. According to several surveys, JavaScript consistently ranks among the most widely used programming languages in the world.
In crafting JavaScript, Netscape wanted a scripting language that could make webpages interactive, something lightweight that would appeal to web designers and non-professional programmers. Eich drew from several influences: The syntax looked like a trendy new programming language called Java to satisfy Netscape management, but its guts borrowed concepts from Scheme, a language Eich admired, and Self, which contributed JavaScript’s prototype-based object model.
A gauge of risk on Oracle debt "reached a three-year high in November," reports Bloomberg.
"And things are only going to get worse in 2026 unless the database giant is able to assuage investor anxiety about a massive artificial intelligence spending spree, according to Morgan Stanley."
A funding gap, swelling balance sheet and obsolescence risk are just some of the hazards Oracle is facing, according to Lindsay Tyler and David Hamburger, credit analysts at the brokerage.
The cost of insuring Oracle's debt against default over the next five years rose to 1.25 percentage point a year on Tuesday, according to ICE Data Services. The price on the five-year credit default swaps is at risk of toppling a record set in 2008 as concerns over the company's borrowing binge to finance its AI ambitions continue to spur heavy hedging by banks and investors, they warned in a note Wednesday. The CDS could break through 1.5 percentage point in the near term and could approach 2 percentage points if communication around its financing strategy remains limited as the new year progresses, the analysts wrote. Oracle CDS hit a record 1.98 percentage point in 2008, ICE Data Services shows...
"Over the past two months, it has become more apparent that reported construction loans in the works, for sites where Oracle is the future tenant, may be an even greater driver of hedging of late and going forward," wrote the analysts... Concerns have also started to weigh on Oracle's stock, which the analysts said may incentivize management to outline a financing plan on the upcoming earnings call...
Thanks to Slashdot reader Bruce66423 for sharing the article.
The notorious Clop ransomware gang, also known as Graceful Spider, has listed Oracle Corporation on its dark web leak site, claiming to have successfully breached the technology giant’s internal systems. This alarming development represents a significant escalation in the group’s ongoing extortion campaign targeting a critical zero-day vulnerability in Oracle E-Business Suite (EBS), identified as […]
Oracle has been hit harder than Big Tech rivals in the recent sell-off of tech stocks and bonds, as its vast borrowing to fund a pivot to artificial intelligence unnerved Wall Street.
The US software group founded by Larry Ellison has made a dramatic entrance to the AI race, committing to spend hundreds of billions of dollars in the next few years on chips and data centers—largely as part of deals to supply computing capacity to OpenAI, the maker of ChatGPT.
The speed and scale of its moves have unsettled some investors at a time when markets are keenly focused on the spending of so-called hyperscalers—big tech companies building vast data centers.
— Deb Hall Lefevre, the longtime tech exec who was most recently CTO at Starbucks, announced her retirement on Sunday in a LinkedIn post.
Hall Lefevre resigned from Starbucks last month, according to a Sept. 26 report from Reuters, which cited a memo sent to staff about her departure.
The move came amid layoffs and various tech-related changes at the Seattle coffee giant.
“After an incredible journey leading technology and digital transformation across some of the world’s most iconic brands, including Starbucks, Circle K/Couche Tard and McDonald’s, it’s time to step into retirement,” Hall Lefevre said in her LinkedIn post.
“As I turn the page, I look forward to more time with family, continuing my tech and board work, and cheering on the next generation of leaders shaping the future,” she added.
Hall Lefevre, who was also an executive vice president, joined Starbucks in 2022. She previously spent more than 16 years at McDonald’s, where she was a corporate vice president and CIO, leading the fast food giant’s technology and digital commerce strategy. She was also EVP and CTO at Circle K Stores.
Ningyu Chen, who was senior vice president of global experience technology, is now interim chief technology officer at Starbucks.
Starbucks last month announced plans to lay off around 900 non-retail employees and close underperforming stores mainly in the U.S. and Canada. Starbucks previously cut 1,100 corporate workers in February.
Under the leadership of CEO Brian Niccol, the former Chipotle CEO who joined the company last year, Starbucks is making a bevy of technology tweaks as it tries to curb slumping sales.
— Lindo St. Angel, vice president of hardware for Amazon’s Lab126 devices group, is departing at the end of the month. Reuters first reported the news.
St. Angel joined Lab126 in 2010. The business unit, based in Silicon Valley, launched in 2004 and helped develop Amazon devices such as the Kindle Fire, Fire TV, Amazon Echo, and other hardware.
— Mark Jewett joined New York City health data company Komodo Health as chief marketing officer. Jewett was previously a senior vice president at Informatica and CMO at SmartRecruiters. He also was a SVP and co-interim CMO at Tableau, and spent 15 years at Microsoft in various leadership roles.
Founded in 2014, Komodo Health reached a $3.3 billion valuation in 2021. The company helps healthcare stakeholders integrate data and generate insights related to treatment, research, and more.
Nancy Mounir. (LinkedIn Photo)
— Nancy Mounir joined Oracle Cloud Infrastructure as a vice president leading security programs and platforms.
Mounir previously spent more than 12 years at Microsoft, most recently as a senior director and chief of staff overseeing the company’s Secure Future Initiative.
In a LinkedIn post, Mounir said she is “looking forward to a great journey of learning, innovation and growth with the Security Platform team!”
She added: “Extremely grateful for my time at Microsoft and could not be more proud of what we accomplished together over the years!”
Mounir initially worked at Microsoft from 2012 to 2015 in supply chain, and left to spend a year at Amazon working on advertising and accounting teams. She returned to Microsoft in 2016.
— Priya Vaidyanathan took a new role at Microsoft as director of product and design for Microsoft’s AI skilling platform. Vaidyanathan returned to Microsoft in 2020 after two previous stints and was most recently a group product manager. She previously founded a mealkit startup called SnapCurry and was a senior technical product manager at Amazon.
“This next chapter is about helping people everywhere gain the skills and confidence to grow with AI, creating opportunity, resilience, and impact at every level,” she wrote on LinkedIn.
— Jim Chi was named executive director of Oregon Startup Center, which is going through a relaunch, according to Portland Business Journal. Chi is also president of Oregon Sports Angels and is a longtime product management leader.
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