Never mind that Sun Microsystems just announced a $1.7 billion loss for its most recent quarter (mostly due to write downs of pricey acquisitions like the $4.1 billion it spent on StorageTek). Never mind that its market cap is only $4 billion, despite having three times as much annual revenues and $2 billion in cash. Never mind that co-founder Andy Bechtolsheim, who returned to help save the company, is now interested in other things.
CEO Jonathan Schwartz has a new plan to get the company back on track. All I’m going to say is that it involves open-source. Schwartz lays it out in the exclusive video interview above, which he conducted a couple weeks ago with TechCrunchIT editor Steve Gillmor. Okay, the interview is with Schwartz’s puppet. But it is an exclusive interview.
(Props to the Puppetman).
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lol i was bracing myself for loren screaming.
slow news day
Haha Mike. Nice Reply !
I thought you hadn’t had a slow news day since you started Techcrunch
That’s old {seesmic_video:{”url_thumbnail”:{”value”:”http://t.seesmic.com/thumbnail/4UHAAgI5Ky_th1.jpg”}”title”:{”value”:”That’s old ”}”videoUri”:{”value”:”http://www.seesmic.com/video/5cactBAXqL”}}}
I clearly say it’s from two weeks ago. What’s your point?
My Point {seesmic_video:{”url_thumbnail”:{”value”:”http://t.seesmic.com/thumbnail/i329b741nn_th1.jpg”}”title”:{”value”:”My Point ”}”videoUri”:{”value”:”http://www.seesmic.com/video/qxeITdUFuB”}}}
I’m gonna sue you, for infringing on my look
lol. Actually, Daniel Kemp IS Jon Heder.
So 12 billion company acquiring 4 billion thing looks similar to microsoft acquiring yahoo?? Never mind.
WOW. i knew Sun was not doing well but this is abysmal. so they just got 2 billion into debt?. and even if they got 12 billion dlls in revenue. what is their gross profit performance from that?. even with their success with OpenOffice. i have to wonder if the cost they took with OpenOffice 3 development, launch and support does not cost way more than what staroffice is going to be able to produce in a year?. more now than ever with competition from ThinkFree, iWork, Zoho and Even Google Docs for the post MS Office Market (that is what?, around 10-15%?) ugh… if Javafx fails to deliver this year and general java use continues to diminish in the consumer desktop and in the enterprise as it has been doing for the last 3 years. Sun could be well done for by 2010. maybe google will buy them by then if it turns to be a bargain. but then again maybe i am just being pessimistic and they are actually doing great.
Or, maybe, your just rambling.
Fuck.
of course i was rambling. but my notes on it are no less truth even so.
Hey guys, you need more room in you main colum, the youTube video doesn’t fit when it gets to your new section that begins from the second post.
Love the site guys
I was just about to put that. You guys should start with the writeup first and then show the video, it really messes up the front page.
A significant loss in a quarter full of acquisitions isn’t necessarily the end of Sun. They have had a busy year.
It is worth noting to compare to the NEXT quarter, when it will be possible to see if the losses continue or if Sun begins to gain again.
A single quarter of data doesn’t give you enough of a picture to speculate, and while the next quarter’s numbers will give a better picture only the fiscal year-end numbers will really matter.
Never mind that its market cap is only $4 billion, despite having three times as much annual revenues and $2 billion in cash.
^^^^
They should begin with buying their own stocks…
That’s what happens when you put a guy in charge who’s last success was destroying Sun’s meager software business.
Steve Gilmor sucks ass.
Brilliant
it involves open source…?
Thank you!!!!!!!!!
test test
another test super
This is the funniest thing I have ever seen. Oh. My. God! You nailed it.
Jonathon is an idiot pure and simple. The new 7000 series a fucking joke!
They will fail he will fail and they absolutely suck and the industry knows it. HP had record profits, Jonathon blames the economy, same customer set as HP. What a freakin moron! They are completely lost as a company. sinking and losing! Jonathon give your 15 million back you suck ass…. Asshole