Things not going so well for Sun... but still makin' out
29 Oct '09 - 22:13 by benrNews is popping up that will interest those interested in the Sun/Oracle deal.
I've made peace with Jonathan Schwartz but those who haven't will no doubt love to bash on his pay. The first data I've seen in a while comes fresh from the AP: Sun CEO's pay package cut by a third in '09. According to the article, his 2008FY compensation was $11.1 Million, and it looks like 2009FY will come in at only $7 Million, information which came from the Sun Proxy filing with the SEC on Wednesday. One thing I have always wondered is what his personal driver costs... apparently he is company provided and costs over $45,000 per year (figured by the $55,000 spend on both driver and 401K match).
So, hey, even guys who make millions of dollars per year try to max out their 401K.... what does that tell ya? :)
Based on the same proxy filings, El Reg reports yet more on the compensation front. They report that Scott McNealy owns approx 2.3% of Sun. They estimate that if he excercises 3.1M in options by the end of Dec his cut will be $164.5M. Going on, El Reg reports that Jonathan has almost 1.5M options and 592K shares... so he comes away with $19.8M.
The Reg also counts up the total number of layoffs in the past 12 months at 8,000 (I assume that includes the 3,000 currently being chopped).
We got some nice news from Oracle this week by way of a FAQ: Oracle and Sun Overview and FAQ (Dated October 27, 2009). My questions regarding X86 and Solaris were included:
What are Oracle’s plans for Solaris? Oracle plans to spend more money developing Solaris than Sun does now. The industry leading capabilities of the Solaris operating system make it the leader in performance, scalability, reliability, and security – all of which are core requirements for our customers. Oracle plans to enhance our investment in Solaris to push core technologies to the next level as quickly as possible. Today there are more applications available on Solaris than any other operating system in the world. In addition, the combination of Oracle and Sun engineering teams in database and operating system open up a new set of opportunities to create exciting innovations for customers with respect to performance, operational efficiency, security, and cost of ownership. What are Oracle's plans for x86? The extremely broad and volume use of x86 makes it an important building block for servers as well as other parts of the combined Oracle and Sun portfolio. We plan to continue to engineer server and appliance products based on x86. In addition, x86 is of course a key element of both Sun and Oracle's software portfolio, with Solaris and Oracle Enterprise Linux as well as all of the software of both companies robustly sold and supported in the x86 marketplace.
So this fits perfectly in line with what we've heard to date, namely that Solaris rules and X86 is a critical offering as part of other offerings.
Finally, the Financial Times is reporting that Russian Anti-Trust is making life rough and FT perhaps foolishly plays up the headline by asking "is the deal about to unravel?" Read it for yourself but I'm not jumping to any conclusions.
Will this never end? Despite Oracle's pledged $9.50 per share, JAVA has dropped to $8.27 today, suggesting a lack of confidence. And I think most of us in the various communities have come to terms with the prospect of Oracle and are ready for things to get moving. There is a lot to suggest that Oracle is already calling the shots at Sun to various degrees, as we saw at Oracle OpenWorld recently. Besides that, at this point Sun is damaged beyond hope of repair... if this deal doesn't close soon we're all going to be in a world of hurt.
Lets get this deal done! Give the execs their money so they can retire and stop f***ing the company, and lets go kill IBM.
One point I’d like to make. Notice the very careful wording of the x86 response. They say absolutely NOTHING about continuing SOLARIS x86. They’ve left the door wide open to axe x86 Solaris and continue “Unbreakable Linux” on x86, while only supporting SPARC with Solaris.
Heck, they don’t even have to do that to stay true to their word.
” We plan to continue to engineer server and appliance
products based on x86.”
The underlying OS could be anything as long as Oracle database runs on top of it.
TimC (Email) - 30 October '09 - 01:09
> NOTHING about continuing SOLARIS x86.No word about OpenSolaris too.
shmerl - 30 October '09 - 01:27
@TimC: Solaris/X86 underlies the FISHworks appliance and has a number of other appliance uses, not to mention that Solaris is a single codebase… I see absolutely no evidence that Solaris/X86 would be cut in any way.@shmeri: OpenSolaris is certainly the current concern. It will continue in some form, the question is what form?
Lets not forget that OpenSolaris is two things: 1) the community and code, 2) the distribution.
The distro can fall into the sea for all I care… however the community and source are vitally important. I don’t know what I would do if I didn’t have access to the code and bugs database.
benr - 30 October '09 - 01:33
I agree, the time has long since past to remove Schwartz and his crew from control of Sun. As a Sun shareholder, I’m peeved by the money I lost on paper. But I want Sun as a company to make a turnaround, and closing this deal with Oracle is the best hope for that yet. At least Larry knows how to run a business (unlike Schwartz) and get stuff done.Dennis (Email) - 30 October '09 - 14:24
“So this fits perfectly in line with what we’ve heard to date, namely that Solaris rules and X86 is a critical offering as part of other offerings.”If you read “SOFTWAR an intimate portrait of Larry Ellison and Oracle”, when you get to RAC running on COMPAQ i86pc cluster page, it’ll become crystal clear what Larry plans to do with Solaris on the i86pc platform.
And mind you, this was in 2003. With Solaris running on i86pc, Larry now has that UNIX he needed in 2003, but couldn’t have back then.
UX-admin (Email) - 31 October '09 - 16:10
If you read “SOFTWAR an intimate portrait of Larry Ellison and Oracle”, when you get to RAC running on COMPAQ i86pc cluster page, it’ll become crystal clear what Larry plans to do with Solaris on the i86pc platform.fallen earth chips (Email) (URL) - 10 November '09 - 09:53
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