Honest question, why is it cool that they're re-writing?
To me this signals that the company has stagnated, or has grown beyond technology; it's an engineering team with no new ideas, no innovation, that's desperately trying to remain relevant in a company that is becoming less and less about the technology.
That's just my experience, but think about it. If a company has other revenue streams they can capture using new tech, how could they justify a rewrite vs. developing that new tech?
A lot has changed since they started, I imagine it's a nice "if you had to start all over again how would you do it differently" moment. A lot of companies don't really get that chance, hence: cool.
Now, maybe it's completely wrong for them and they shouldn't be — that's a totally fair assessment. I honestly don't know.
To me this signals that the company has stagnated, or has grown beyond technology; it's an engineering team with no new ideas, no innovation, that's desperately trying to remain relevant in a company that is becoming less and less about the technology.
That's just my experience, but think about it. If a company has other revenue streams they can capture using new tech, how could they justify a rewrite vs. developing that new tech?