management

But We'll Make it up in Volume

May 2, 2008 6:44:34.329

Spotted in Cafe au Lait Java News and Resources

Sun announced financial results for the third quarter of their fiscal year that ended in March, and they weren't pretty. Sun lost $34 million, 4 cents per share. Total revenue was $3.266 billion, down down half a percentage point from the same quarter last year.

I think Sun shareholders ought to start asking questions. Like, say - "WTF were you thinking, spending $1B on a database company with $60M in annual revenues and no profits?"

Questions like that might force Schwartz to stop yelling "open source" and start pondering an actual business model. I won't hold my breath though...

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