T
t.cruise
The following is from USA TODAY. It's good that Sun and Microsoft have
settled. The monetary award is secondary to the fact that Microsoft is now
willing to pay Sun licensing fees, which would mean to me that we can
benefit with MS Java Machine again, and that Windows can again ship with
Java. And, no more, "Where can I get Java?" posts, or having to download
it. I think we will benefit.
--
T.C.
t__cruise@[NoSpam]hotmail.com
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1.6B reasons help Sun kiss and make up with Microsoft
SAN JOSE, Calif. (AP) - Struggling server maker Sun Microsystems (SUNW)
reached a sweeping, $1.6 billion settlement with Microsoft (MSFT) and said
it plans to cooperate with its longtime nemesis, a company it had branded an
unrepentant monopolist.
The surprise agreement was accompanied by an announcement by Sun that it is
cutting 3,300 jobs and that its net loss for the fiscal third quarter will
be wider than expected. The cuts represent 9% of its total workforce of more
than 35,000.
The "broad cooperating agreement" with Microsoft ends Sun's $1 billion
private antitrust suit against the software giant. Sun's complaints also
sparked the investigation that led to the European Union's recent record
fine against Microsoft.
"This agreement launches a new relationship between Sun and Microsoft - a
significant step forward that allows for cooperation while preserving
customer choice," said Scott McNealy, Sun's chief executive.
As part of the deal, Microsoft will pay Sun $700 million to resolve the
antitrust case, which was scheduled to go to trial in January 2006, and $900
million to resolve patent issues. Sun and Microsoft also will pay royalties
for each others' technologies.
"Our companies will continue to compete hard, but this agreement creates a
new basis for cooperation that will benefit the customers of both
companies," said Steve Ballmer, Microsoft's chief executive.
Sun, once a shining star of Silicon Valley, also said it expects revenue for
the quarter ended March 28 to be approximately $2.65 billion. Net loss will
be between $750 million and $810 million, or 23 cents to 25 cents a share.
Analysts polled by Thomson First Call were projecting a loss of 3 cents a
share on revenue of $2.85 billion.
Sun also named software head Jonathan Schwartz as its president and chief
operating officer, effective immediately. McNealy has been under pressure to
name a replacement for Ed Zander, who stepped down as chief operating
officer more than a year ago.
settled. The monetary award is secondary to the fact that Microsoft is now
willing to pay Sun licensing fees, which would mean to me that we can
benefit with MS Java Machine again, and that Windows can again ship with
Java. And, no more, "Where can I get Java?" posts, or having to download
it. I think we will benefit.
--
T.C.
t__cruise@[NoSpam]hotmail.com
Remove [NoSpam] to reply
1.6B reasons help Sun kiss and make up with Microsoft
SAN JOSE, Calif. (AP) - Struggling server maker Sun Microsystems (SUNW)
reached a sweeping, $1.6 billion settlement with Microsoft (MSFT) and said
it plans to cooperate with its longtime nemesis, a company it had branded an
unrepentant monopolist.
The surprise agreement was accompanied by an announcement by Sun that it is
cutting 3,300 jobs and that its net loss for the fiscal third quarter will
be wider than expected. The cuts represent 9% of its total workforce of more
than 35,000.
The "broad cooperating agreement" with Microsoft ends Sun's $1 billion
private antitrust suit against the software giant. Sun's complaints also
sparked the investigation that led to the European Union's recent record
fine against Microsoft.
"This agreement launches a new relationship between Sun and Microsoft - a
significant step forward that allows for cooperation while preserving
customer choice," said Scott McNealy, Sun's chief executive.
As part of the deal, Microsoft will pay Sun $700 million to resolve the
antitrust case, which was scheduled to go to trial in January 2006, and $900
million to resolve patent issues. Sun and Microsoft also will pay royalties
for each others' technologies.
"Our companies will continue to compete hard, but this agreement creates a
new basis for cooperation that will benefit the customers of both
companies," said Steve Ballmer, Microsoft's chief executive.
Sun, once a shining star of Silicon Valley, also said it expects revenue for
the quarter ended March 28 to be approximately $2.65 billion. Net loss will
be between $750 million and $810 million, or 23 cents to 25 cents a share.
Analysts polled by Thomson First Call were projecting a loss of 3 cents a
share on revenue of $2.85 billion.
Sun also named software head Jonathan Schwartz as its president and chief
operating officer, effective immediately. McNealy has been under pressure to
name a replacement for Ed Zander, who stepped down as chief operating
officer more than a year ago.