Sun Banks On Open Source For Its Survival
CWmike writes "In moving to cut its current workforce by between 15% and 18% today, Sun is trying to stay ahead of a falling knife. And today's announcement made it clear that Sun officials are banking on the company's open-source strategy to help it pull through. A cut of up to 6,000 employees at Sun will hurt, but CEO Jonathan Schwartz contends users will be more inclined to try open-source products such as MySQL, OpenSolaris and Sun's GlassFish application server during a time of economic stress."
Reader Barence also pointed out that Sun will begin to auction "branding space" in OpenOffice.
I'm not a software guy, so maybe I'm missing something. But paying $1 billion for MySQL (less than 1 year ago!) didn't make a whole lot of sense to me. Wasn't a lot of the code GPL?
As of yesterday the stock market values the equity at $3 billion. And actually values the company at only $1.6 billion (they have $2.6 billion in cash but also have $1.3 billion in debt).
Maybe a company that throws money around so freely deserves to go out of business. Even in 2008, a billion US dollars is still a *lot* of money.
I work for Sun, and I suspect that you do, too. I'm an "individual contributor" and I have nothing to do with management. Nor do I own any Sun stock.
Since I can't give you the Flamebait mod you deserve - since you should and do know better - I'll point out a couple of things for the benefit of those playing along at home.
The cuts are not likely to come from "vital groups that provide support and engineering for major customer contracts". That would be suicidal; Schwartz, Green, and others at the upper levels have said as much. They are more likely to come from areas that are consistently failing to meet targets or provide cashflow. Software, support, and allied services currently stand the best chance of generating near-term revenue.
And I'm sorry you're so upset that you won't be getting a pay rise this year. Guess what? I won't, either! But you don't see me bitching about it. WTF do you expect? "We're having a major downturn, here's your hefty salary increase"?
If you want to keep your job, you'd better quit whingeing about how you're not getting rich as quickly as you might like and that you're not going to be able to expense quite so many lattÃs as you've been, quit worrying about what Jonathan Schwartz' ponytail is having for breakfast, and start doing something to generate value for the company and customers, because if you can't show that you are, you're going to walk.
Here's a tip: If you're not doing something relating to software or support, get your arse over there and start doing something with a demonstrable benefit to the firm's bottom line ASAP.
Why is it that stupid people always put the blame on the vendor. There must be a pattern in there...
We have over 50 xfires (4100s, 4200s, 4600s) in production, so I feel an obligation to comment on this drivel.
Sorry, either you're just making up shit here or you're the wrong guy for the job.