Slideshow

The year of the Sun

How Sun Microsystems set - a timeline

  • February 23, 2009 - Sun raises prices by 15 per cent: Sun Microsystems joined the list of vendors hit by the weak Australian dollar, announcing a price hike of 15 per cent on all products sold domestically.
  • March 06, 2009 - Sun head remains confident: Sun Microsystems President and CEO, Jonathan Schwartz, said he was not worried about the relevance of what Sun offers or about the role of information technology, despite the current difficult economic climate.
  • April 6, 2009 - IBM looked to acquire Sun, but was turned back: Sun's board rejected a formal offer from IBM, considering the offer price too low.
  • April 21, 2009 - Oracle steps in where IBM left off: Oracle has signed a deal to purchase Sun Microsystems for US$7.4 billion, plunging the enterprise software vendor into the hardware market.
  • The year of the Sun: Sun Microsystems has faced downward spiral in 2009, with the early warning signs coming as early as January, and cumulating in the announcement of its purchase by Oracle this week.
  • April 7, 2009 - Sun cuts more and more staff - April 07, 2009: The vendor lays off about 1500 employees, including a number from Australia in a follow-up to a restructuring plan.
  • February 4, 2009 - Sun to take to the cloud: Speaking during SugarCRM's SugarCon 2009 conference in San Francisco, Sun President/CEO, Jonathan Schwartz, and Lew Tucker, Sun vice-president and CTO for cloud computing, alerted the audience to Sun's plans, which were to be fleshed out at the company's CommunityOne conference in New York.
  • January 28, 2009 - Sun's revenue drops 11 per cent in Q2: Sun Microsystems reported an 11 per cent drop in revenue for the December quarter but managed to beat the modest expectations of financial analysts.
  • Sun sets: Having found a buyer, there are still questions around Sun's future, and indeed whether a software vendor can successfully integrate it into its new environment.
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