McNealy steps down as Sun CEO

Scott McNealy has stepped down as CEO of Sun Microsystems, after 22 years. He will be replaced by President, Jonathan Schwartz.

Sun’s stock has long been bumping along at the $3 – 4 dollar level for the last few years, and I hope Schwartz has what it takes to bring the company back to profitability. For a company that has done so much for software development in terms of creating Java and being a steward for it’s evolution, it’s about time they starting reaping the rewards of their efforts.

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