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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
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Sun Microsystems reported $89 million in income on $3.2 billion in revenue — a 1 percent increase year-over-year. "What we need to see is if this company can ever grow again, and the jury is still out on that question," noted one analyst. Forget that. With all the growth in online advertising, Sun should ditch the server business and figure out how to monetize CEO Jonathan Schwartz's blog. Or maybe launch a social network for Java programmers. [WSJ]
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Sun Microsystems CEO Jonathan Schwartz wrote a blog post to explain why the server hardware maker has changed its stock ticker from SUNW to JAVA, emphasizing its Java programming language and software suite. Luckily, he left comments enabled on the post, leading to gems like this: "This is a move right out of the Dilbert school of management." [Jonathan's Blog via Fake Steve]
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At Fortune's iMeme conference, Sun Microsystems CEO Jonathan Schwartz repeats a tired old quote about how he likes to drink wine from a bottle while his predecessor, Scott McNealy, drinks wine out of a box. Quips a News.com reporter: "Maybe they should hire someone who likes to drink wine out of a glass and see where that takes them." [News.com]
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Linux creator Linus Torvalds vs. lush-locked Sun CEO Jonathan Schwartz. "What I'm trying to do here is wake people up who seem to be living in some dream-world where Sun wants to help people."
[crn.com]
















