Sun investors blast fat cat greed
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Pension funds call for veto Despite losses nearing $1bn over the past year, Sun Microsystems' top executives are cashing in.â¦
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Heavy redemptions from investors concerned about their holdings of subprime mortgage securities claimed the Galena Street Fund of the Braddock Financial Corporation as the latest hedge fund victim.
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SAN FRANCISCO - On Tuesday, executives from Sun Microsystems Inc. will head to Wall Street, hoping to convince customers and partners in the financial industry that the company continues to be viable in the industry that Sun President and Chief Operating Officer Jonathan Scwhartz affectionately refers to as "the swamp from which we spawned." Sun is expected to make a number of new product and partnership announcements during an event for customers, press and analysts at the W Hotel in New York City on Tuesday.
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Slot manufacturer gets pummeled after releasing profit warning.
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Which letter did Sun buy again? Correction of the day Anytime a major acquisition such as Sun's $1bn buy of MySQL hits, analysts around the globe rush out their takes on the deal, hoping to prove their fierce insight. Journalists sit back as the analysts' notes flood their inboxes.â¦
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HP and Sun&#39;s ongoing bitter battle for server market share is being played out against overall global sales of servers that have surged strongly to surpass $11.
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Shareholders want a higher price on MetaSolv. Don't count on it.
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Shares of network computer maker  Sun Microsystems Inc. SUNW.O fell for a second day on Tuesday  after another Wall Street analyst cautioned clients not to  expect an unusually strong quarter from the company.
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Sun Life Financial, a Canadian insurer, hired investment bankers to consider a possible sale of its United States money-management unit, which has had $16 billion withdrawn from its funds over four years. Sun Life did not disclose the name of the investment bankers. Sun Life, based in Toronto, said there was no assurance a transaction would result. MFS has lost $3.7 billion in mutual fund shareholder withdrawals this year through July 31, according to the Boston consulting firm Financial Research Corporation.
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It's not every day that the entire technical press goes bonkers over news in the open source world, but that's what happened last week, when Sun announced that it was buying MySQL.  Doubtless, the pleasant roundness of the sum involved - $1 billion ??? helped, as did the fact that most of that was cash.  But leaving aside the sense of satisfaction that events in the free software world should be suddenly thrust centre-stage, Sun's move does raise a larger question about the fate of all open source start-ups. read more
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An Elephant writes &quot;Groklaw is reporting, based on a ZDNet UK story, that Sun&#39;s strategy for survival in the near future is based on trying to equate Linux with Red Hat, and then attack Red Hat as too small to support enterprises.
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Sun described on Wednesday a growth strategy that depends in large part on giving away software in the hope that customers will like it enough to sign up for support contracts and perhaps buy Sun hardware on which to run it.It&#39;s a strategy Sun started several years ago with a free version of its application server and that it has accelerated with such products&#160;as StarOffice, OpenSolaris, its Open xVM virtualization software, and, most recently,&#160;its acquisition of the open-source database vendor MySQL.The free software allows Sun to build communities of developers who will do pilot projects with its software and may eventually buy licenses for commercial deployment, or buy professional services to support critical applications, CEO and President Jonathan Schwartz said at the company&#39;s press day Wednesday. He called Sun&#39;s software a &quot;media asset&quot; for building communities.&quot;These are no longer simply software products, these are media properties -- networks around which communities are being built, [and] this is a means for Sun to talk to a very large developer community,&quot; he said.He put up a slide that showed a map of the world covered in pink dots. Each dot represented a download of Solaris, he said, and hence an opportunity for Sun to start a dialogue with IT people that could lead to a sale of its services and hardware.&quot;Not all customers will pay for these products before they use them -- very few will, actually,&quot; he admitted. But they all buy servers and storage on which to run the software, and the download gives Sun a foot in the door to try to capture that sale.&quot;The reason MySQL was interesting to us is it puts 50,000 new dots on that map every day, and from the community, market opportunities will emerge,&quot; Schwartz said.Sun&#39;s growth is important to customers. Its revenue funds its research and development efforts, and customers want to know there is a big community of specialists in Sun products to support their businesses.Analysts are divided about the strategy. At Sun&#39;s financial analyst conference last week, Sanford Bernstein analyst Toni Sacconaghi said he found it hard to see a link between software downloads and Sun&#39;s revenue growth.&quot;If you were to plot a chart showing revenue growth over the last 12 quarters and Solaris downloads, there would really be no correlation at all,&quot; Sacconaghi said.&quot;Oh, I think there would be an exceptional correlation,&quot; Schwartz replied. &quot;If you had shut those downloads off three years ago, our revenue would have been declining double-digit.&quot;He reiterated the point Wednesday. Sun&#39;s strongest growth period came in the late 1990s and was preceded by wide use of its software in universities, he said. Today, the growth of Sun&#39;s Niagara servers has been driven by making Solaris open source, Schwartz said.Illuminata analyst Gordon Haff said there probably is a connection between Sun&#39;s free and open-source software strategy and its revenue growth, but even if there is not, the strategy is helping the company, he said.&quot;Even if you can&#39;t say that each pink dot equals $372, I think the things Sun has been doing with open source and OpenSolaris and Java and so forth have translated into improved relevancy and an improved perception of Sun, and at some level, logic suggests that this played a role in their improved financial picture.&quot;
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Six patents topped with a slice of avocado Sun Microsystems has spanked Network Appliance with another lawsuit, as relations between the two vendor continue to deteriorate at speed.â¦
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Sun Microsystems' purchase earlier this month of open-source database maker MySQL may have been pennywise and pound-foolish, with many observers suggesting that Valley stalwart Sybase was in fact the smarter buy. The logic is compelling -- but won't someone stand up for the cussedly independent?
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Computer maker Sun Microsystems  Inc.  on Tuesday swung to a quarterly net loss due to  charges related to job cuts and other items as revenue rose 29  percent, helped by its acquisition of StorageTek.
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These solar companies shine a light on their way to fast cash.
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Sun Microsystems is asking investors to approve a 1-for-4 reverse stock split.