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Sbon BT misses out on pound;500m deal
Is Sun priming the company for sale June 5, 2006mdash;Sun Microsystems plans to lay off as many as 5,000 employees, sell real estate, and ldquo implify its product line in an effort to boost profits, its newly appointed CEO Jonathan Schwartz said.In a conference call with financial analysts, Schwartz, who was appointed CEO a little more than a month ago, laid out a restructuring plan that gave a broad overview of strategic direction that will rest on network computing and IT to support it, but he didnrsquo;t provide the product-by-product line impact that IT managers look for.Schwartz said Sun will be simplifying our product line and reducing duplicative RD and highl stanley cup ighted products k stanley cup ey to the companyrsquo future, such as its eight-core processor Niagara server. But he didnrsquo;t explain what research and development the company now considered duplicative or how that product line would be simplified. Similarly, in detailing its headcount reduction, Sun offered only a potential range, between 4,000 to 5,000, stanley cup deutschland or 11 percent to 13 percent of its workforce of 37,500. The company didnrsquo;t specify what areas in the company will be affected. Sun will also sell its offices in Newark, Calif., and leave some leased facilities in Sunnyvale, Calif. In total, the company is expecting annual savings between 80 million to 90 million from these changes.Schwartz, a 10-year veteran of Sun, was appointed by its board after longtime CEO and cofounder Scott Wwgk Battle of the Burgers: Burger King serves up sales growth to equal rival McDonald rsquo
Wednesday 24 September 2014 8:43 pm|Updated:Wednesday 29 May 2019 7:13 pmCheers! VAT protest drops priceshellip; for a dayBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailThousands of pubs, bars and restaurants yesterday cut their prices by 7.5 per cent as part of a campaign to cut VAT. Tax Equality Day saw 15,000 businesses reduce prices of food and drink. Jacques Borel, the man behind the campaign, has managed to stanley deutschland secure VAT cuts in sev stanley italia eral European countries.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTrending ArticlesAnthropic: UK staff get eye-watering sums at AI giantOff the menu: Dominorsquo is UKrsquo most shorted companyHiking VAT would have lsquo erious negative impactrsquo;, economists warn ReevesWhy the iPhone 17Pro is the best iPhone Applersquo made in yearsSt James Place warns self-employed to act now as digital tax deadline loomsMore from City AMBacklash grows as Reeves eyes VAT raid on cabsPoliticsHeston Blumenthal calls for VAT cut to lsquo ave British pubsrsquo;hospitalityHiking VAT would have lsquo erious negative impactrsquo;, econom botellas stanley ists warn ReevesEconomicsInstead of a taxi tax, Reeves should fix the absurd VAT systemOpinionStarmer refuses to rule out VAT risePoliticsLondonrsquo Hippodrome Casino VAT recovery hopes dashed by TribunalLegalPrivate healthcare admissions surge as calls for VAT raid |
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