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Excerpt - Sun Microsystems co-founder Scott McNealy has stepped down as chief executive, and has been replaced by President Jonathan Schwartz, the company said Monday. McNealy, who will remain as chairman, was one of four co-founders of Sun 24 years ago and has been CEO for the last 22 of those. Since then, he has been a strong and often contrarian voice for change in the computing industry, but in recent years his vision hasn't translated into financial success. "Jonathan has risen to the top of the class, and he is ready," McNealy said in a conference call. The move...

Exclusive Ernst and Young should go ahead and pony up for its own suite of transparency services. The accounting firm has failed to disclose a high profile loss of customer data after being confronted by The Register. Ernst and Young has lost a laptop containing data such as the social security numbers of its customers. One of the people affected by the data loss appears to be Sun Microsystems CEO Scott McNealy, who was notified that his social security number and personal information have been compromised. While pushing all out transparency for its customers, Ernst and Young failed to...

PALO ALTO, Calif.--Despite lackluster success thus far, Sun Microsystems is forging ahead to supplant full-fledged PCs with stripped-down machines called thin clients. At an event Thursday to show off technology coming from the Sun Labs research gurus, Sun showed improvements to its Sun Ray thin client products that let the machines escape their need for top-notch networks. Sun also showed software that lets regular computers act like thin clients. Sun has hoped for years that schools, businesses and even individuals would bypass PCs, which have lots of computing power but are crash-prone and difficult to manage in large groups. Thin...