Skates off into Sun set
1. Icing on the CakeSun Microsystems' (SUNW) shining moment this week was short-lived.
Fans of the Santa Clara, Calif., server maker applauded late Monday when co-founder Scott McNealy announced his long-awaited decision to
"I think Jonathan is the right person to ride Sun forward on this next big wave," McNealy said of successor Jonathan Schwartz, a ponytailed longtime Sun executive. "The timing fit me to a T and it was my call," added McNealy.
The decision also fit Wall Street to a T. Sun rose to prominence during the 1990s boom, but has lost money by the bucketful since the tech bubble burst. Analysts have prodded the company to cut jobs by the thousands, a move McNealy has opposed.
But if Sun backers were counting on a decisive break with the McNealy era, Schwartz has other plans. "Realistically, we have been lockstep on a whole number of different issues, across the past four or five years especially," Schwartz said of McNealy on a conference call Monday.