Looks like Sun is “aligning its business with the global economic climate” again… The company will sack 1,500 employees this week, a company spokesperson confirmed to Digital Daily. The move is part of the restructuring plan Sun announced last November and will affect “all functions, geographies and levels.”
Sun Microsystems’ second-quarter results were dismal–but not so appalling that they didn’t beat the lowered expectations of financial analysts. The company reported a net loss of $209 million, or 28 cents a share, quite a change from the net income of $260 million, or 31 cents a share, it reported for the same period a year earlier.
The markets are having their say about Yahoo’s choice of Autodesk Chairwoman Carol Bartz as CEO and they don’t seem to much care for it. Though Bartz is a widely-respected Silicon Valley veteran and has done much to improve Autodesk’s fortunes, investors aren’t so sure she’ll do the same for Yahoo.
Who said the M&A market is dead? Sun Microsystems said this morning that it has acquired Q-layer, a company that automates cloud computing deployments. Meanwhile, Sun shares have been trading higher for a few days now, inexplicably up about 20 percent vs. Nasdaq, which isn’t doing nearly as well.
Stupefying.
The year-end total for tech sector job losses in 2008 is expected to reach 180,000, according to Challenger, Gray & Christmas. That’s the largest annual job loss for the sector since 2003, when tech firms sacked some 228,325 employees.
Andy Bechtolsheim has given his notice again. The Sun co-founder is leaving the company he helped establish in 1982, just four years after returning to it and reinvigorating its aging product line. His new gig: chairman and chief development officer of Arista Networks.
“We are preconfigured for the downturn.” Sun CEO Jon Schwartz said that about a week ago. And it appears he was entirely correct. The econaclypse is weighing heavy on Sun Microsystems. It business sullied by the financial crisis, the company warned of a much larger-than-expected quarterly loss on lower revenue after market close Monday afternoon.
Apple is rapidly becoming a minor player in the computer business and may be swallowed up by Sun Microsystems Inc. or another rival.”
–BusinessWeek, February 1996
In the movie “Independence Day,” a PowerBook saves the Earth from destruction. Now it’s time to return the favor. Unfortunately, even devoted Mac addicts must admit that you look a little [...]
Sun Microsystems, whose co-founder and Chairman Scott McNealy once described Microsoft’s Internet Information Server as “the Corvair of Web servers–unsafe at any speed” has become a Windows Server OEM.
Extending a partnership first struck in 2004, Sun will now resell and install Windows on its x86-based servers. For Sun, the deal is a way to drive [...]
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
Best use of the Beeker “meee” ever.
While the technology behind the Telephone is new, the design is reassuringly old-fashioned, reminiscent of a phrenologist’s horn or ear-candle in form. We found the experience far more comfortable than the one we had with the Telegraph.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
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