Jonathan Schwartz, CEO of Sun Microsystems (Nasdaq: SUNW) has just announced that they will be changing their stock symbol to JAVA. I don’t normally bother with any news of the financial sort on this blog, but this change is a bit interesting and is stirring a lot of speculation.
If, like me, you’re wondering if the ticker change somehow presages an exit from the bare-knuckles server business…
As a software company, Sun would have different but more profitable battles to fight, which means more resources for improving Solaris and working with Google, among other things. In short: there’s opportunity here, even if seizing the opportunity would require an extreme makeover of the company.
You can read the original article, Sun Seeks A Java Jolt, written by Tim Beyers on the Motley Fool Advisor site.