Sun's stock has underperformed for several years. It did bounce when Jonathan Schwartz was named CEO about two years ago, but his tenure has been a great disappointment, both for investors and employees. Sun has made several expensive acquisitions including buy-outs of MySQL and StorageTek. Sun's revenue remains flat and its operations swing between tiny profits and small losses. Sun's chief scientist and head of sales recently left the company. News from JAVA comes in the form of almost daily and not useful
PR. The company has changed its ticker symbol and has done a reverse merger to move its share price into higher territory. Whatever chance Sun had to claim a major portion of the global server market is lost. IBM and Dell are in the final stages of beating Sun into the ground. Its bets on Solaris, Java, and open source software have failed. Sun's shares are off over 40% during the last year.