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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: Sun Microsystems

Sun Microsystems stories: 23 news summaries

1 - 20 of 23 Stories | 1 2 Next >>

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interview

Legendary Hacker: It Was
'a Huge Game'

Mitnick reflects on the road from 'computer terrorist' to consultant

Jun 22, 09 12:00 PM CDT
(Newser) - Tagged a “computer terrorist,” Kevin Mitnick served jail time after eluding the FBI for 3 years; today, he’s a security consultant. The best-known hacker ever tells CNET his infiltration of firms like Motorola and Sun “was like a huge game”: “thrilling, adventurous,” and “... More »

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FBI • law enforcement • hacker • Sun Microsystems • Motorola • computer security • cybercrime • interview • Kevin Mitnick

US Gets Tough on Foreign Bribery

Royal Dutch Shell,
Sun Micro among 120 being investigated

May 26, 09 8:06 AM CDT
(Newser) - US corporations are looking over their shoulders, thanks to a Justice Department crackdown on foreign bribery, the Wall Street Journal reports. At least 120 companies are being investigated under the Foreign Corrupt Practices Act, or FCPA—a nearly-forgotten Nixon-era law dusted off in the wake of a rash of... More »

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Department of Justice • bribery • Sun Microsystems • Alcatel Lucent • Royal Dutch Shell

 Oracle Buys Sun Microsystems 


Apr 20, 09 7:20 AM CDT
(Newser) - Oracle Corp. has agreed to buy Sun Microsystems, swooping in after Sun’s talks with IBM fell apart. Oracle will pay $7.4 billion, or $9.50 a share for Sun, the Wall Street Journal reports, a 42% premium on Friday’s close. Though Sun has been losing money,... More »

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mergers and acquisitions • IBM • Sun Microsystems • Oracle • software • tech sector • Java • computer hardware

MARKET Open

 Stocks Slide Ahead of Earnings 


Apr 6, 09 8:57 AM CDT
(Newser) - Stocks turned south this morning, as a series of downgrades and bad news for the Sun/IBM deal spooked investors ahead of earnings season, the Wall Street Journal reports. The Dow dropped 92, the S&P 12. Financials sank after a veteran analyst downgraded 11 major US banks. The Nasdaq fell... More »

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stock market • Citigroup • Bank of America • Dow Jones • IBM • Sun Microsystems • Nasdaq • S&P 500 • JPMorgan Chase

(Newser) - IBM withdrew a $7 billion offer to buy Sun Microsystems this weekend after Sun's board called the bid too low, the Wall Street Journal reports. Sun also worried that IBM sought too much leeway to walk away from the deal if antitrust regulators challenged the merger, insiders say. People expected... More »

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Silicon Valley • mergers and acquisitions • IBM • Sun Microsystems

 IBM to Nab Rival Sun for $7B 

Deal would let IBM rule Unix server market

Apr 3, 09 7:11 AM CDT
(Newser) - IBM looks set to buy rival Sun Microsystems in a $7 billion deal that would make IBM king of the lucrative Unix server market, the New York Times reports. The $9.50-per-share agreement, already approved by IBM’s board, insiders say, could be announced today—though next week is more... More »

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IBM • Sun Microsystems • software • acquisition • computer servers • computer hardware

MARKET Open

 Stock Rally Screeches to Halt 


Mar 18, 09 8:42 AM CDT
(Newser) - Stocks took a turn for the worse at the open today, heading south after yesterday’s rally. The Dow fell 67 points, while the S&P declined 0.8%. The Nasdaq fell 0.5%, but component Sun Microsystems soared 65% on news IBM might acquire it. Investors are anxiously awaiting... More »

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inflation • stock market • NASDAQ • Federal Reserve • Dow Jones • Consumer Price Index • IBM • Sun Microsystems • S&P 500

 IBM Trying to Buy Sun Micro 


Mar 18, 09 7:09 AM CDT
(Newser) - IBM is in talks to buy Sun Microsystems, sources tell the Wall Street Journal, in a deal that could be completed as early as this week. IBM would likely dole out at least $6.5 billion for Sun, a premium of more than 100% on yesterday’s closing price.... More »

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mergers and acquisitions • IBM • Sun Microsystems

 Even Microsoft Is 
 Weighing Layoffs 

Need to trim costs in weak economy has software firm looking at rare cuts

Jan 15, 09 9:23 AM CST
(Newser) - Microsoft could be considering the first large-scale layoff in its history, as it looks for ways to trim costs, reports the Wall Street Journal. Up to 15,000 positions are rumored to be at risk—6% of its workforce—but insiders say the cuts, across all divisions, are likely... More »

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Yahoo • Microsoft • layoffs • Sun Microsystems • Steve Ballmer • Hewlett-Packard • recession depression

 Tech Sector Short-Circuits

Once-insulated Silicon Valley fails to outpace slowdown

Nov 15, 08 7:09 AM CST
(Newser) - A sudden slowdown has sent the tech industry into a slump so severe some are comparing it to the dot-com bust, the New York Times reports. The sector was confidently chugging along as recently as September but last month saw orders for both business and consumer tech rapidly plunge—"... More »

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technology • layoffs • Sun Microsystems • recession • tech industry • financial crisis

MARKET Open

 Stocks Sink on 
 Record Retail Plunge 

Host of negative news hurts markets

Nov 14, 08 8:46 AM CST
(Newser) - Stocks tumbled at the open today, after a raft of negative news overshadowed yesterday’s big rally. The Dow fell 128 points, while the Nasdaq and S&P shed 2% and 1.8% respectively. The Dow shot up more than 500 points yesterday, but today brought a dismal quarterly report... More »

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stock market • NASDAQ • Dow Jones • Nokia • Sun Microsystems • Freddie Mac • retail sales • S&P 500

 Sun Micro to Cut 5,000 Jobs

Software giant slashes 15-18% of workforce

Nov 14, 08 8:19 AM CST
(Newser) - Sun Microsystems intends to lay off 5,000 to 6,000 employees, amounting to 15-18% of the computer maker’s workforce. The cuts should shave about $800 million off Sun’s costs, as the company struggles to compensate for swiftly declining sales. Sun lost $1.68 billion last quarter, as... More »

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Silicon Valley • layoffs • Sun Microsystems • unemployment • tech sector • job cuts

MARKETS

 Jobs, Earnings Spur Losses

Downbeat session kicks off August

Aug 1, 08 3:25 PM CDT
(Newser) - Stocks fell today as investors absorbed a slate of poor earnings reports and glum but not awful economic reports. Crude rose $1.02 a barrel, and shares in every sector other than energy fell, MarketWatch reports. The Dow dropped 51.70 to 11,326.32, the Nasdaq shed 14.59... More »

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Toyota • Dow Jones • General Motors • Sun Microsystems • Ford • Nasdaq • Department of Labor • S&P 500 • oil prices

Sun Banks on Lasers
to Make Next Speed Leap

Using light, not wires, to connect chips could make computers 1,000 times faster

Mar 24, 08 1:49 PM CDT
(Newser) - Sun Microsystems is moving toward connecting computer chips using lasers instead of wires, a move that could make computers 1,000 times faster. The company snagged a $44 million Pentagon contract to continue work that could also mean smaller, more energy-efficient machines. It won’t be easy, though: A Sun... More »

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Pentagon • Stanford • Intel • MIT • IBM • Sun Microsystems • computer chip • computer • University of California at San Diego • lasers • silicon photonics • NEC Corporation • Luxtera • Kotura • supercomputer • Hewlett-Packard

Sun Posts Strong Profits

Services pick up the slack from core hardware divisions

Jan 24, 08 6:03 PM CST
(Newser) - Sun Microsystems today reported a profit of $260 million for the quarter ending Dec. 30, MarketWatch reports. Though total revenue was $3.62 billion, Sun’s service and sales were responsible for most of the gains, growing to $1.37 billion from $1.31 billion in the same quarter last... More »

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earnings reports • Sun Microsystems • software • emerging markets • quarterly results • computer servers

Economic Worries Propel Silicon Valley Deals

Oracle and Sun Microsystems may be only tip of the iceberg

Jan 17, 08 12:59 PM CST
(Newser) - Recent acquisitions by Sun Microsystems and Oracle could be the opening round of new Silicon Valley deal-making, the Wall Street Journal reports, as tech companies worried about a US economic slowdown seek to strengthen their positions. Smaller companies struggling to stay afloat are tempting targets; bigger fish also want to... More »

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Silicon Valley • mergers and acquisitions • IBM • Sun Microsystems • Oracle • acquisition • BEA Systems • MySQL

Sun Reveals Profit Boom, $1B MySQL Buyout

Open-source software developer latest acquisition for giant

Jan 16, 08 6:07 PM CST
(Newser) - Sun Microsystems revealed two surprises today: The computer company showed quarterly earnings that have nearly doubled from a year ago, and it said it would buy open-source software developer MySQL for $800 million in cash and $200 million in assumed options. Sun’s earnings in the second quarter—which ended... More »

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earnings reports • Sun Microsystems • open source • MySQL

Valley Tech Giants Ditch Cubicles for Open Space

Some people miss them... for a little while

Dec 4, 07 5:32 PM CST
(Newser) - Silicon Valley giants like Intel, Cisco, and Sun, are experimenting with ditching cubicles to improve productivity. Execs at the companies say that the typical office gray maze isn't ideal anymore for the modern, connected workplace. "Collaboration has been shown to spark innovation and speed product to market," says... More »

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Silicon Valley • Intel • Sun Microsystems • Cisco • cubicle

HP Earnings Spike 28%

The PC and server giant enjoys high sales, not affected by economic slump

Nov 19, 07 6:37 PM CST
(Newser) - Computer and printer giant Hewlett-Packard rode strong server, software, and PC sales to a 28% boost in fourth quarter earnings from a year ago, CNN Money reports. The company posted a net profit of $2.2 billion, with a share price of 81 cents, up from 60 cents a year... More »

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Dell • servers • Sun Microsystems • corporate earnings • Cisco • Qualcomm • computer

Sun Rises
on Dell

Deal to install Solaris OS on Dell servers should help Sun Microsystems grow

Nov 15, 07 11:09 AM CST
(Newser) - Computer seller Dell, looking to regain momentum by responding to business customer demand to offer broader, simpler technology solutions, will install the Solaris operating systems on its servers, giving a boost to longtime rival Sun Microsystem’s efforts to grow its software business, reports the New York Times.  “... More »

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Dell • IBM • Sun Microsystems • operating system • Solaris OS

1 - 20 of 23 Stories | 1 2 Next >>


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