Linux Today: Linux News On Internet Time.
Search Linux Today
Linux News Sections:  Developer -  High Performance -  Infrastructure -  IT Management -  Security -  Storage -
Linux Today Navigation
LT Home
Contribute
Contribute
Link to Us
Linux Jobs

Partner Sites
JustLinux.com
Linux Planet
PHPBuilder
Technology Jobs

Top White Papers

More on LinuxToday


The rise of the Blue Sun: IBM and Sun

Mar 18, 2009, 17:02 (2 Talkback[s])
(Other stories by Steven J. Vaughan-Nichols)

[ Thanks to Steven J. Vaughan-Nichols for this link. ]

"Of course, in deals like this, there's many a slip between the cup and the lip. Still, I, for one, am sure that the deal will go through. While Sun CEO Jonathan Schwartz recently pointed out Sun's strong points--"over $3 billion in cash, and a nearly two decade history of generating positive cash flow. We've also got a set of technologies and people that continue to play an ever more vital role in the economy."--he didn't really address Sun's serious problems.

"What Schwartz didn't mention was that Sun had laid off from 15% to 18% of its employees in November 2008, that's between 5,000 and 6,000 employees, after a quarter which saw a $1.68 billion quarterly loss. Even before the economy started its nose-dive, Sun had been bleeding red-ink for several quarters."

Complete Story

Related Stories: