Schwartz's first big bet is to embrace open source
Posted: Wed Feb 05, 2025 4:53 am
In 2000, Sun had made a net profit of 1.85 billion dollars. The following year, this dropped to 927 million dollars, and in 2002, losses of 628 million dollars had already been registered. In 2003, the loss reached 2.4 billion dollars.
The only thing that continues to grow is Java, so McNealy assumes that Sun's future lies in software and services. He steps aside and makes way for the man who has worked his way up the corporate ladder to become COO. In 2006, Jonathan Schwartz is named CEO.
In November, just six months uae consumer email list after his appointment, Sun released all of Java's code, which adopted the GPLv2 license. But Schwartz's openness goes beyond the code. He frequently posts announcements and relevant data on his corporate blog and encourages employees to do the same.
Unfortunately, in an era where large companies are more accustomed to paying for licenses than for services, the fact that the most popular programming platform in the industry is open source does not help generate revenue. Strike one.
Despite this, the company posted positive profits in 2007. But at the end of the year, the mortgage crisis broke out, leaving the financial sector, which accounted for a third of Sun's revenues, in serious condition. Strike two.
The only thing that continues to grow is Java, so McNealy assumes that Sun's future lies in software and services. He steps aside and makes way for the man who has worked his way up the corporate ladder to become COO. In 2006, Jonathan Schwartz is named CEO.
In November, just six months uae consumer email list after his appointment, Sun released all of Java's code, which adopted the GPLv2 license. But Schwartz's openness goes beyond the code. He frequently posts announcements and relevant data on his corporate blog and encourages employees to do the same.
Unfortunately, in an era where large companies are more accustomed to paying for licenses than for services, the fact that the most popular programming platform in the industry is open source does not help generate revenue. Strike one.
Despite this, the company posted positive profits in 2007. But at the end of the year, the mortgage crisis broke out, leaving the financial sector, which accounted for a third of Sun's revenues, in serious condition. Strike two.