Meanwhile, the Wall Street Journal is reporting Sun’s board is split (Techmeme). CEO Jonathan Schwartz wants the IBM deal. Chairman and Sun founder Scott McNealy doesn’t. Guess who wins that one? McNealy, who is dead wrong by the way, will return armed with quips and probably bring the company back to its hardware roots. It won’t matter. But Sun customers only need to know one thing: Schwartz’s strategy (see the stack at right) focusing the company on software is in flux.
Those people are going to lose 50% of stock value and sun is going the way of so many other hardware makers.
Where is DEC, Prime, Burroughs, Honeywell, RCA, and the list goes on and on and on.......
McNealy's pride wouldn't let him cash out to IBM, but his shareholder's will pay the price.