Friday, April 18, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HTC Hired Ex-Samsung Marketing Officer
Xbox One Wolrdwide Sales Cross 5 million
Samsung Works With GLOBALFOUNDRIES On 14 nm FinFET Offering
Facebook To Find Nearby Friends
Console Sales Lift AMD's First Quarter Results
LG Expands 'Second Screen' TV Ecosystem With Open-Source SDK
Amazon Announces Kindle Service For Samsung Devices
Nokia Halts Sales Of Lumia 2520 Tablet
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > Sun Mic...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, April 25, 2006
Sun Microsystems' CEO Quits


Scott McNealy, co-founder of Sun Microsystems Inc. stepped down as CEO after 22 years Monday as the pioneering maker of computer servers reported its latest quarterly loss.

Jonathan Schwartz, Sun's president, will retain that position and take over as chief executive, while McNealy will remain chairman and a full-time employee of the Santa Clara-based company.

"This isn't about me. It's about a big moment in Sun's history and I'm proud to share that with you," McNealy said on a conference call. "There's lots more work to do and I'm certainly going to stay around and support that."

McNealy's mantra "The network is the computer" helped Sun grow into one of the dominant providers of large computer servers that sell for tens of millions of dollars apiece. Following the collapse of the Internet bubble in 2000 he saw revenue decline and frequently came under pressure for not cutting costs enough.

McNealy, 51, co-founded Santa Clara-based Sun Microsystems in 1982, developing it into a scrappy Silicon Valley startup whose high-powered computers, called workstations, became a major staple with engineers and businesses.

In 1996, after Microsoft products began encroaching on Sun's territory, McNealy reinvented the company as a maker of servers, which performed the same tasks as mainframe computers for a fraction of the cost. The co-founder was also known as one of Microsoft's harshest critics and was known for his biting remarks.

Sun's servers, which came about just as the Internet was morphing from an academic hobby to a mass communication platform, helped speed the transformation.

On Monday, Sun posted a wider fiscal third-quarter loss, as costs for acquisitions, stock-based compensation and restructuring chipped away at higher revenue.

The net loss for the last fiscal quarter ending March 26 was $217 million, or 6 cents a share, compared with $28 million, or 1 cent, in the same period last year.


Previous
Next
Maxell Presents New Optical Media Technologies at NAB 2006        All News        Viacom Acquires Game Company Xfire
Internet Explorer 7 Beta 2 is Out     General Computing News      Ebay Launches Instant Purchasing Service

Get RSS feed Easy Print E-Mail this Message

Related News
IBM to buy Sun Microsystems?
Sun Microsystems, TSMC in Chip Making Deal
Sun Microsystems to Acquire MySQL For $1 Billion
Sun Launches New Video Delivery OverIP Platform
Sun Microsystems Unveils Portable Data Center
Sun Announces New Generation of Processors
Sun Micro Announces Open-source DRM Project
Sun to Publish Software Source Code
Sun and EMC Collaborate on Hardware, Software and Support
Sun Publishes Solaris Source Code
New Java spec published
IDC: Server market hits $11.5 billion

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .