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Sun Sinking, Ponytail Blogging

 IT Industry  No Responses »
May 082008
 
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Every age, it seems, must have its Nero.

The indifferent figure callously fiddling while Rome is burning all around him.

We see one such Nero-esque figure in the ponytailed Jonathan Schwartz, CEO of the struggling IT company Sun Microsystems.

Sun’s fortunes have taken a massive beating after the dot com bust. Wave after wave of layoffs has roiled the company, revenues have fallen, profits have collapsed and the share price has sunk deep into the sewer.



And our ponytailed Sun CEO Jonathan Schwartz, protege of former CEO Scott McNealy, is blogging – yes, wasting his highly paid CEO time blogging – as the Sun ship slowly sinks into a quagmire.

Sun’s stock is now trading near its 52-week low. And Ponytail is blogging.

Sun’s server revenues are declining (for Q4, 2007, according to IDC). And Ponytail Continue reading »

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 Posted by at 7:06 am  Tagged with:

Sameer Gandhi Bolts to Accel Partners

 Diaspora, IT Industry  No Responses »
May 082008
 
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Sameer Gandhi of Sequoia Capital has joined Accel Partners as partner in their Palo Alto office.

At Accel, Sameer will help develop companies in the consumer Internet and software segments.

At Sequoia Capital, Sameer had been a partner leading several investments including Barracuda Networks, eHarmony, Gracenote (acquired by Sony), Marketlive and Sourcefire (FIRE) among others during his decade-long stint at the firm.

Sameer previously worked as a technology banker at Broadview and a sales engineer at Oracle.

Sameer holds an MBA from Stanford University and a BSEE and MSEE from MIT.

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 Posted by at 12:26 am
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