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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."

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