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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (64601)	6/3/2008 1:36:28 PM
From: Mark O. Halverson	of 64865

from today's Wall Street Journal: (I assume resignation is why stock is down today, but who knows?) Sun's Global Sales Chief Resigns ASSOCIATED PRESS June 3, 2008; Page B6 The global sales chief of Sun Microsystems Inc. resigned Monday as the slumping server and software maker revealed plans to restructure its sales force to focus more on emerging markets. The Santa Clara, Calif.-based company said that Donald Grantham, Sun's executive vice president of global sales and services, resigned after nine years with the company. He will be replaced by Peter Ryan, who has been with Sun for two years and most recently was responsible for the company's Europe, Middle East and Africa markets. Mr. Grantham's resignation came as Sun announced the creation of a single sales division for emerging markets in China, India, Latin America and southern and eastern Europe. Sun has been hit especially hard by the weakening U.S. economy and what some analysts describe as a questionable strategy of essentially giving away its open-source Solaris operating system and other software in hopes of driving higher sales of its servers, storage devices and support services.

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