Sun Microsystem's quarterly profit fell 73% resulting from slumping sales to US companies and restructuring charges. Sun also announced expansion of stock buyback plan by $1bn.
Read CEO Jonathan Schwartz's blog here:
http://blogs.sun.com/jonathan/
Jonathan became SUN's CEO in 2006, succeeding previous CEO Scott McNealy, who co-founded the company in 1982.
A bit of background on SUN; it was formed in 1982, with four employees. One of its founders was Andreas Bechtolsheim, who stayed with the company till October 2008 and served as its Vice President of Technology as well as a member of its executive management team. He got an MS from CMU (Pittsburgh) in 1976. In 1984 (the topic of a great George Orwell novel) it introduced NFS technology, which it licensed free to industry. In 1988, SUN reached $1bn in revenue.
Sun has a presence across the UK. Here are links to the London CBC and the UK Headquarters in Camberley, Surrey (South-West of London (South-east of England) -> Greenwich, Dulwich, Wimbledon, Esher, Woking, Camberley).
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