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Sun Microsystems is taking a pounding on Wall Street today. Weak financial results stunned investors, and CEO Jonathan Schwartz’s strategy to transform the company will surely come under fire. Is there hope for Sun? The VAR Guy seems to think so. Here’s why.
Sun Microsystems' most recent quarter took a hit from a slumping U.S. economy, according to Sun CEO Jonathan Schwartz. Revenue from Sun's server computers and storage products fell 2.8 percent. The company plans up to 2,500 job cuts as it seeks to balance expenses with growth.
Sun Microsystems plans to countersue Network Appliance later this week, Chief Executive Jonathan Schwartz said Wednesday, a suit that will include a request to remove the company's products from the market.
Yes, Sun is acquiring MySQL for $1 billion. But Sun CEO Jonathan Schwartz isn’t done modernizing his company. Not by a long shot. The VAR Guy isn’t ready to predict which company Sun will acquire next, but he has noticed Schwartz getting pretty darn cozy with two fast-growing open source businesses.
In recent weeks, Sun Microsystems GC Mike Dillon and CEO Jonathan Schwartz have been blogging about their company's IP battle with Network Appliances, trading barbs with NetApp co-founder Dave Hitz, who has been commenting on the case on his own blog.