Wednesday, September 17, 2003

Business 2.0 - Magazine Article - The Rodney Dangerfield of Technology

Business 2.0 - Magazine Article - The Rodney Dangerfield of Technology "Revenues are down. The stock's in the cellar. Competition is brutal. Yet Sun Microsystems CEO Scott McNealy is developing some impressive technology, and he thinks his company deserves a little more respect."
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[McNealy:] "I don't know how long it will take. The good news is, we've got $5.7 billion in the bank. We've gone 35 straight quarters with positive cash flows. We've got a $130 billion installed base out there, and 35 percent of our revenues are recurring. We've got an intellectual property portfolio that will knock your socks off, including the SPARC microprocessor, the Solaris OS, and Java. And we've got a management philosophy that solves our problems with R&D, not headcount. I like our position. We made mistakes and lost our strategic courage. Now we're back to the same old focus on high-quality products, execution, the customer, and open interfaces. Yes, we're going through a rough patch. But we've always been the Rodney Dangerfield of IT."
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