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Sun CEO: "Sun Continues to Lead the Open Source Innovation Revolution"
"We continue to invest in the future created by open alternatives to proprietary technologies, best exemplified by...MySQL"

Digg This!

'The world is moving to open source innovation, and Sun continues to lead that revolution,' said Jonathan Schwartz yesterday, as Sun reported its Q3 fiscal 2008 results. 'We continue to invest in the future created by open alternatives to proprietary technologies, best exemplified by the acquisition of MySQL,' Schwartz added.

"The U.S. economy presented Sun with significant challenges in the third quarter, masking our progress in developing nations and economies across the world," Schwartz continued. "With double digit year-over-year growth in India and Brazil, and triple digit billings year-over-year growth in our energy efficient, Solaris-based Chip Multi-Threading (CMT) systems, Sun made considerable progress during the quarter."

Net loss for the third quarter of fiscal 2008 on a GAAP basis was $34M, or ($0.04) per share, as compared with net income of $67M, or $0.07 per share, for the third quarter of fiscal 2007.

Sschwartz reported year-over-year revenue growth in 12 out of its 16 sales geographies during the third quarter, with double-digit revenue growth in key international markets across EMEA, Asia Pacific and the International Americas.

In this quarter Sun closed of two significant acquisitions: MySQL, the world's most popular open source database provider, and innotek, whose VirtualBox products provide free desktop virtualization.

About Enterprise Open Source News Desk
Enterprise Open Source News Desk trawls the fast-growing world of Professional Open Source for business-relevant items of news, opinion, and insight.

ENTERPRISE OPEN SOURCE MAGAZINE LATEST STORIES . . .
Open Source Penetration and Use in SOA Deployments
Open source has made significant inroads into middleware deployments in the enterprise. More and more, open source is being used to deliver the benefits of SOA and open source to the enterprise. There are many custom Enterprise Service Bus deployments waiting to be upgraded to a simple
JavaOne 2008: Uncommon Java Bugs
Any large Java source base can have insidious and subtle bugs. Every experienced Java programmer knows that finding and fixing these bugs can be difficult and costly. Fortunately, there are a large number of free open source Java tools available that can be used to find and fix defects
OpenOffice 3.0 Goes to Public Beta
OpenOffice.org is publicly beta testing OpenOffice 3.0, which is not recommended for production use. General release is expected in September. Aside from cosmetics, it will support the upcoming OpenDocument Format 1.2 and is capable of opening Office 2007 and 2008 for Mac OS X files.
JavaOne 2008: Sun Challenges Linux
Sun's mule train has finally pulled into Indiana after three years on the road. Indiana is the Linux-friendly Fedora-like OpenSolaris project meant to move the Solaris-shy Linux community off Linux and on to Solaris tempted by Solaris widgetry like the highly scalable, rollback-easy, 1
MySQL Backs Off Closed Source Plan
MySQL has backed off a plan to charge for some encryption and compression backup widgetry in the next version of the database - and, heavens, NOT OPEN SOURCE THE STUFF, an idea it trotted a few weeks ago and predictably caught hell for. Sun, which bought MySQL for a billion dollars, a
Application Security for Open Source - The New Frontier
Hybrid applications made up of proprietary, open source and third-party components are the result of today's fast-paced and complex software development landscape. Applications developed within the last five years - whether internal or external - are at least 50% open source software (
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