• Never Mind That $1.7 Billion Loss, Jonathan Schwartz Has A New Plan To Save Sun

    Erick Schonfeld

    Erick Schonfeld is a technology journalist and the executive producer of DEMO. He is also a partner at bMuse, a product incubator in New York City. Schonfeld is the former Editor in Chief of TechCrunch. At TechCrunch, he oversaw the editorial content of the site, helped to program the Disrupt conferences and CrunchUps, produced TCTV shows, and wrote daily... → Learn More

    Thursday, October 30th, 2008

    Never mind that Sun Microsystems just announced a $1.7 billion loss for its most recent quarter (mostly due to write downs of pricey acquisitions like the $4.1 billion it spent on StorageTek). Never mind that its market cap is only $4 billion, despite having three times as much annual revenues and $2 billion in cash. Never mind that co-founder Andy Bechtolsheim, who returned to help save the company, is now interested in other things.

    CEO Jonathan Schwartz has a new plan to get the company back on track. All I’m going to say is that it involves open-source. Schwartz lays it out in the exclusive video interview above, which he conducted a couple weeks ago with TechCrunchIT editor Steve Gillmor. Okay, the interview is with Schwartz’s puppet. But it is an exclusive interview.

    (Props to the Puppetman).

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