New Sun CEO starts by giving it away
In his first major public move as Sun Microsystems' CEO, Jonathan Schwartz has announced at the JavaOne Conference in San Francisco that the company will "open source" its popular Java software. At Slashdot, the online hub of the open-source faithful, the long-awaited news touched off a torrent of commentary, with reactions varying from pleased to skeptical and indifferent. While Java represented a small fraction of Sun's overall revenues, VNUNet says that Schwartz is hoping the decision will build market momentum for the beleaguered company by winning support in the developer community. As with other open-source software vendors, Sun is also hoping that revenues from services and support will replace any lost software-licensing revenues. But Wall Street is likely to view that prospect with some skepticism.
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.