Sun has posted a video in which Jonathan Schwartz, President and Chief Executive Officer of Sun Microsystems, speaks directly to marketplace. Jonathan opens this brief video posted to Sun's news site by saying, "There has been a lot of speculation about Sun in the marketplace. I thought that I would use this video as a way to put some of that speculation to rest. I'd like to give folks an update on some of the changes we are making organizationally as well as how we see the market and some of the changes folks should expect from Sun as we go through our own redefinition and realignment."

Jon talks about the credit crisis both in the US and around the world. He says that Sun is making a series of relatively difficult but necessary changes, as outlined recently, that will include laying off from 5,000 to 6,000 employees across the world and save Sun from $700m to $800m per year.

He states that this will result in an increase in investments in those areas where Sun thinks there is opportunity along side areas where Sun will be dis-investing.

Sun will increase its investment around open-source innovation, including commercial software and hardware offering built around that innovation. The innovative Sun Storage 7000 product line is an example of such a commercial system built around open-source, innovation and volume standards.

He concludes, "we are going to be an easier company to do business with, we're going to a more efficient company we are going to be a more aligned company, and we are ultimately going to be a more effective company to help our customers go take advantage of the kinds of technology that Sun builds to allow them to adapt to the new economic reality and create their own economic reality."

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Sun Aligns Business with Global Economic Climate and Amplifies Growth Opportunities [...read more...]

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