• layoffs

    Sun sacks 6,000, but Schwartz won't say who

    Chief executive ponytail-twirler Jonathan Schwartz is annoyingly vague in this San Jose Mercury News interview. Got more details on Sun's layoffs? Please send 'em in. Neither one of us has a job to protect anymore, so we might as well blog the facts. (Photo by AP/Paul Sakuma)
  • blogging for dollars

    SEC, Sun CEO make sure blogging will never be fun again

    Blame Jonathan Schwartz. Sun Microsystems' ponytailed Mission-hipster foodie CEO complained in 2006 that he couldn't post corporate news on his blog. SEC chairman Chris Cox stepped to, initiating a two-year study that has just concluded that yes, posting "non-public material information" on a website might suffice as a means of disclosure. What this will really accomplish: More »
  • layoffs

    Heads roll in Sun's marketing department

    A tipster writes to tell us that a number of fellow Sun employees have either coincidently decided to quit the Sun Microsystems en masse, or are being given the pink slip in a round of layoffs that's rumored to include anywhere from 30 to 65 percent of the marketing department. Has Sun's ponytailed CEO, Jonathan Schwartz, decided that his blog is all the marketing Sun needs? He must be hoping that once Wall Street catches wind of the cost-cutting, it'll boost the company's stock, which has lost over half its value in the last year. After the jump, a gracious parting letter from an employee who had been with the company for over a decade. Our suggestion is that if the layoffs bump up the company's share price, the departed might want to sell before it sinks any lower. More »
  • javaone

    Sun has great friends, but business plan still a mystery

    At the JavaOne keynote this held at the Moscone Center this morning, EVP of software Rich Green took the stage and told the assembled crowd, mostly developers, "Welcome to the revolution. Businesses used to drive technology adoption, but now it's all about consumers." Which suggests the company, known historically as an enterprise hardware and software provider, is changing focus to enable more consumer-focused applications. Not mentioned? Last week's announcement of a $34 million quarterly loss and a stock price that has hardly improved since plummeting 20 percent. But look everybody, Neil Young! More »
  • stocks

    Sun earnings so bad, they're racist

    After computer maker Sun Microsystems admitted to a $34 million loss yesterday, investors could hardly wait to start the sell-off, with shares opening down and eventually closing at $12.64 — dipping as low as $12.37, well below half the the 52 week high and twenty percent in less than 24 hours. Prompting an unnamed reporter who covers Sun to let us steal the headline they'd never be allowed to run. While the company does promise to slash 2,500 employees from its payroll, the board may want to look at executive pay as well — CEO Jonathan Schwartz made Forbes' list of the twelve best-paid tech CEOs at $13.5 million.
  • politics

    Xerox and Sun CEOs call foreign worker limit "moronic"

    By 2010, Asians will account for 90 percent of the world's engineers. Americans are increasingly too lazy to bother to get computer-science degrees. Yet the U.S. government refuses to raise the cap on H-1Bs, the visas which allow foreign engineers to work at American companies. "It's moronic," Sun Microsystems CEO Jonathan Schwartz tells a Stanford audience in this clip. "Because you know what happens? You put a limit here? Guess what we do. We go hire in Asia. We're not dumb. We want talent." Xerox CEO Anne Mulcahy chimes in: "And by the way we don't just hire there, we build research centers there."