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What's Next for Sun Microsystems?
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What's Next for Sun Microsystems?
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18th November 2008, 06:09
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| [M] Reviewer Join Date: Dec 2007 Location: Calif. Bay Area, USA
Posts: 1,748
 |  What's Next for Sun Microsystems? After several months of turmoil, things came to a head at Sun Microsystems with the unpleasant pre-holiday news that around 6,000 people, 15 to 18 percent of its workforce, would be cut in a restructuring plan that the firm hopes will save $700 million to $800 million annually. The Santa Clara, California-based company declined to comment to InternetNews.com on the specifics of the cuts, such as where they will come and what divisions may be pared down or eliminated. This has led to inevitable speculation of Sun being bought, either whole or in pieces. Southeastern Asset Management, one of Sun's largest shareholders, has been increasing its holdings and changed its ownership status to one more actively involved in the company's affairs. http://www.cioupdate.com/trends/arti...xt-for-Sun.htm |
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