Investors say: Yeah! McNealy's gone, and quickly come to their senses

by Tom Sanders

25 Apr 2006

Sun Microsystems' stock price celebrated McNealy's departure for about 1 hour this morning before it dropped back to it pre-shake up level.

Sun needed some new leadership, but the brief spike demonstrated that investors realized his departure won't result in an instant turnaround.

The fact remains that Sun is struggling to reach profitability. And it might have a nice product technology portfolio, but great technology doesn't always translate into great revenues.

Sun is actually living proof of that. It's up to Schwatz to proof that he can break out of that cycle.

tags: sun microsystems, scott mcnealy, jonathan schwartz

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