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NcNealy steps down...

Jeff Albertson
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Joined: Sep 16, 2005
Posts: 1780
I don't know where else to post this (wasn't there once a "Java in the news forum"?), but I just heard about the CEO of Sun stepping down:

NcNealy steps down at Sun

Could this have any impact on Java? Should I start learning .NET?


There is no emoticon for what I am feeling!
Deepak Bala
Bartender

Joined: Feb 24, 2006
Posts: 6661
    
    5

Naw ! He is still with Sun anywho. I dont see why this should affect java's growth.


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Peter Rooke
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Joined: Oct 21, 2004
Posts: 802

and also four other employees have left: John Crupi, Deepak Alur, Dan Malks, and Yiheng Shi. They all joined JackBe. Sun Exodus


Regards Pete
Ernest Friedman-Hill
author and iconoclast
Marshal

Joined: Jul 08, 2003
Posts: 24183
    
  34

Household names all :roll:


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Anjali S Sharma
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Joined: Jun 29, 2005
Posts: 279
I was suprised to know that Sun is running at a loss, that too a massive $217 million loss
S Venkatesh
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Joined: Jun 27, 2005
Posts: 464

Originally posted by Anjali S Sharma:
I was suprised to know that Sun is running at a loss, that too a massive $217 million loss


me too surprized to know that
Deepak Bala
Bartender

Joined: Feb 24, 2006
Posts: 6661
    
    5

Where is the source to that info ?
Anjali S Sharma
Ranch Hand

Joined: Jun 29, 2005
Posts: 279
Originally posted by John Meyers:
Where is the source to that info ?


Go to
http://70.86.150.130/indianexpress/Default.aspx

This a link for indian express(free registration is required). Then click on the P11-Business link in the left hand navigation.
[ April 26, 2006: Message edited by: Anjali S Sharma ]
Jeff Albertson
Ranch Hand

Joined: Sep 16, 2005
Posts: 1780
I'm not familiar with the indian express, but you may have heard of the New York Times: Times article

In it, I found this interesting:

Mr. Schwartz [the new chief executive] contends that Java is the No. 1 driver of growth at Sun, ahead of Solaris, its operating system for corporate computers. "More teenagers recognize Java than they do Microsoft, because that is what they have in their pocket on their cellphone,"
Anselm Paulinus
Ranch Hand

Joined: Sep 05, 2003
Posts: 389
Originally posted by Anjali S Sharma:
I was suprised to know that Sun is running at a loss, that too a massive $217 million loss


$217 million isn't massive for a company as big as Sun
Edwin Dalorzo
Ranch Hand

Joined: Dec 31, 2004
Posts: 961
According to CNet news revenue increased, as it was expected after the acquisition of StorageTek, however there have been losses. Anyway, as far as I can seen the stock price has kept between 4 and 5 dollars for a while.

As far as I understand, the guy is not actully leaving. He's been in the company quite a long time, and now he is stepping aside to give a chance to Schwartz. But, the guy will keep in the company.

Whatever the case, this companies are so incredibly big, that I wouldn't worry for a change like this. If something I have discovered so far, it is that nobody is indispensable.
Michael Ernest
High Plains Drifter
Sheriff

Joined: Oct 25, 2000
Posts: 7292

A $217 million loss for a company with $4 billion in cash reserves alone is not scary news. Disappointing, of course, but not scary. Imagine losing 5% of your savings account. You wouldn't like it, but you wouldn't freak out, either.


Make visible what, without you, might perhaps never have been seen.
- Robert Bresson
nishwas mahindra
Ranch Hand

Joined: Dec 23, 2002
Posts: 104
May be they can revert their opensource policy for some time and release licenced version of all JDK's. )
John Smith
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Joined: Oct 08, 2001
Posts: 2937
Originally posted by Michael Ernest:
A $217 million loss for a company with $4 billion in cash reserves alone is not scary news. Disappointing, of course, but not scary. Imagine losing 5% of your savings account. You wouldn't like it, but you wouldn't freak out, either.


The $217 mil is a quarterly loss. At this rate, the company would lose $868 mil in a year. What's worse, Sun has not made a penny in profit since 2001. The analysts do predict a 1 cent per share profit in 2007, but even if that happens the stock is still way overpriced at P/E ratio of 498 (todays price of $4.98 divided by the expected 1 cent profit).
 
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