Sun CEO Schwartz bullish about company's future

Sun chief executive Jonathan Schwartz has said he is optimistic about the future of his company and of IT itself, despite the current difficult economic climate.

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Sun chief executive Jonathan Schwartz has said he is optimistic about the future of his company and of IT itself, despite the current difficult economic climate.

In the first of a planned series of three or four blog entries on Sun's future, Schwartz said the company will have announcements this year pertaining to open source storage; networking; OEM partners on Solaris, MySQL, and Java; cloud offerings; and startup programmes.

"Sun is privileged to have an exceptionally strong balance sheet, over $3 billion in cash, and a nearly two-decade history of generating positive cash flow," Schwartz wrote in his blog. "We've also got a set of technologies and people that continue to play an ever more vital role in the economy.

“Sun's products help companies grow and help them consolidate, and they help governments stimulate the economy, as well. From building bridges to automating health care, government stimulus will undoubtedly drive technology investment, and we're well positioned to participate globally."

He continued, "Which is all to say, I'm neither worried about the role information technology will play in the economy, nor am I worried about the relevance of Sun's offerings. I'm not worried about the future, I'm focused on its arrival date."

Schwartz also said he has customers who have been struggling and those who have been succeeding.

"Let me start by joining the chorus of those worried about the global economy. I am routinely talking to customers now partially owned by governments, whose share prices have declined 95 percent or more, whose balance sheets and basic business models are under extraordinary duress.

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