Sun Microsystems is slimming down again
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Branko Brkic
Branko BrkicBrkic is the founder and editor of The Daily Maverick.
He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.
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- 22 Oct 2009 09:14 (South Africa)
Sun Microsystems announced on Tuesday that it will cut 3,000 jobs, roughly 10% of its workforce. How the mighty have fallen! Once omnipotent über-competitor to the likes of Microsoft, IBM and HP, Sun is bracing itself to be swallowed by Larry Ellison’s Oracle. While its market cap reached $190 billion in August 2000, it is today languishing on $6.79 billion, which is even less than the $7.4 billion that Oracle itself committed. As the takeover is being examined by anti-trust regulators in Europe over database software concerns (the deal has already been approved by US authorities), Sun has time to trim its operations. And they’re doing so with gusto.
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Branko Brkic
Branko Brkic
Brkic is the founder and editor of The Daily Maverick.
He has edited magazines on business and politics, technology, and wildlife. He has also published fiction and non-fiction books, most of them in Serbian. Though he has never pretended to be a reporter, his wide knowledge of politics (especially in America), combined with his experiences in a disintegrating Yugoslavia, gives him an unusual outlook on events in South Africa.Despite the vowel-poor surname, he tells anyone who asks that he hails from Hyde Park, Johannesburg, having spent most of his adult life in South Africa.
Recent columns: