End of days for Sun
Aug 15, 2009, 23:02 (4 Talkback[s])
(Other stories by Alex Handy)
"Sun's CEO, Jonathan Schwartz, and its chairman of the board and
cofounder, Scott McNealy, were not present for the shareholder
vote.
"Only nine years ago, Sun's stock was at $257 per share, with a
market cap of almost $100 billion, and the company was making its
own multi-billion-dollar acquisitions. So how did it all go bad?
Sun executives would not comment for this story, but sources say
that the company's downfall came thanks to bungled acquisitions and
an inability to turn technological innovation into reliable streams
of money.
""Sun Microsystems is the Jack Kevorkian of technology
acquirers," said Bill Roth, former group manager at Sun from 1997
to 2003, where he supervised the launch of Java EE and Open Office.
He said Sun frequently squandered acquired technology, and that its
failure to address this pattern led to its ultimate demise."
Complete
Story
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