Use access key #2 to skip to page content.

gnulaw (52.98)

"SUN (NASDAQ:JAVA) Banks On Open Source For Its Survival" - Is A SourceForge Takeover Now In Its Sites?

Recs

1

November 15, 2008 – Comments (2) | RELATED TICKERS: JAVA.DL , GKNT , YHOO

Slashdot relayed today that SUN Microsystems announced on Friday they are cutting up to 6,000 jobs, or 15-18% of its workforce citing that "...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...". Per the San Jose Mercury News' article "..by announcing one of the biggest tech layoffs so far this year, Sun Microsystems on Friday bought more time for its effort to expand sales and show that a strategy built around open-source software can carry the struggling Santa Clara computer maker out of the current recession and into profitability..." providing further credibility to the November 7th Motley Fool Blog "Sourceforge.net, Recession, LNUX, Gladwyne, and shareholder value". If this is Jonathan Schwartz's strategy to create shareholder value then wouldn't an acquisition of SourceForge simply represent [the] crown-jewel competitive advantage and preemptive strike for Sun ($2.6B cash) Microsystems to own the largest Open Source (potential take-over candidates) incubator in the world?

2 Comments – Post Your Own

#1) On November 16, 2008 at 10:21 AM, gnulaw (52.98) wrote:

All Suzanne Present, Robert Neumeister (and or dissident insiders)  have to do now is make this happen if they are truly concerned and understand the concept of shareholder maximization.

Report this comment
#2) On March 30, 2009 at 3:11 PM, dlcapo (< 20) wrote:

Is this company going to be the source for Cloud Computing. If not does anyone know who is developing it ???

Been hearing a lot of Buzz about that lately but I don't know much.

 

dlcapo

Report this comment

Featured Broker Partners


Advertisement