Sun lay offs 3,300 amid huge losses

[Ruby Romaine]

Sun Microsystems dropped several bombs on Silicon Valley and Wall Street early Friday, announcing plans to lay off 3,300 people amid huge losses and a massive $1.95 billion settlement of Sun's long-running litigation with Microsoft.

http://www.mercurynews.com/mld/mercurynews/news/local/8339813.htm

[saigon68]

1. "We are on the Cusp of a Recovery" stated the Clueless CHMIPANZEE

Nice Cusp, more likely on the edge of Niagara Falls in a decrepit wooden barrel

[thebaghwan]

2. Drink not from that bitter cusp!!

F#@K Bush

[DavidDvorkin]

3. Sun has bigger problems than the Bush economy

They're much like DEC -- Digital Equipment Corporation -- of beloved memory. They introduced (in a commercial sense, anyway) technologies that gave them a huge boost at first, but now that everyone else has seen the advantages in those technologies and has gone into competition with Sun, they no longer have the field to themselves.

They might well wither away and get absorbed by someone else, as happened to DEC.

And Netscape, another example of a similar process.

[NeoConsSuck]

6. You're analogy doesn't apply to Netscape.

They had the misfortune of being in Microshit's crosshairs. In fact, that's what started the Justice Dept. investigation of Micro$oft.

[saigon68]

7. Swamp Water in that cusp

LOL

[bain_sidhe]

8. Uh oh. A "cusp" is a high point.

Or, to be more precise, the point at which a curve reverses direction.

So, if we're IN a "recovery" now (going up) does this mean it's now going to reverse direction? IOW, is this the *best* it's gonna get?

[mhr]

4. But Cement Head Says We Are Better Off Because He Is God's Agent

eom

[tom_paine]

5. But...but...Imperial Pravda said 308,000 jobs were created

Yeh. And I'M Leonid Brezhnev and I'm here to tell you that the stories about 6 Hour Lines for Toilet Paper are LIES...LIES made up by our enemies!

</sarcasm off>

:puke: :puke:

[neverforget]

9. One of those laid off is my nephew. However, he knew this was

coming and got another job with Sun in Portland, OR (where I live). Somehow I feel he is the one of the VERY few lucky ones who have another job lined up.

[Ruby Romaine]

10. Good for your nephew, I know so many people without jobs right now or

who've had to take lower paying jobs.