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ExMenloMan
1 Comment
Sun Micro Lowest Since Tech Crash [view article]
Message to Sun BoD: How much more evidence do you need?In case you hadn't noticed, JAVA is down to $10.74/share. For the math-challenged, that's the same as $2.69 for the old SUNW shares. The last time it was that low is in October 2002! No ogther competitor to Sun has had that kind of miserable performance. NOt one!
Sun's revenue is stuck in neutral. There is no operative plan for growth. There is a plan for shrink. If all the numbers were revealed, it's probably only due to billions of dollars of debatable acquisitions that the revenues are even flat. And most of those acquisitions have been seriously mismanaged by Mr. Schwartz staff.
Key executives and bright employees are fleeing now and have been for years. When employees post their answer to what's the best reason for working at Sun, the #1 answer is "becuase I can work from home". The #2 answer is "good work/life balance". Wake up BoD. That means "I can stay home. I don't have to work hard. And nobody knows and nobody cares". Acquaintances who work at Sun confirm this.
CEO Schwartz is reducing Sun to the laughingstock of the industry. Sun management was recently cited as the #1 worst in American companies.
His strategy (if you can call it a strategy) of giving away Sun product for free is working: Sun stock will soon be free too. You need a new senior management team. You don't have one right now and haven't for years. As another poster said, you have a bunch of Schwartz-chosen yesmen pretending to run a big broken company. The opposing views to CEO Schwartz have been silenced or driven out of the company. Many are working for the competition and very glad to be out of Sun.
After more than four years of futility under first COO Schwartz and then CEO Schwartz, it is time for the BoD to bring in some professionals.
DO YOUR JOB! Jul 02 12:33 AM