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Moreover, Sun also said the settlement satisfies the objectives the company was pursuing in the European Union actions pending against Microsoft.
Read "EU Hits Microsoft With Record Fine."
Also Friday, Sun said it will cut 3,300 jobs and take a $475 million charge. And the company said it will spread the charge over several quarters, including $200 million in its third quarter. In addition, Sun said that it has promoted Jonathan Schwartz, who had been Suns executive vice president for software, to president and chief operating officer. The COO position had been vacant since Ed Zander, now the chairman and chief executive of Motorola Inc., left Sun in 2002.
Check out eWEEKs interview with Schwartz.
Jonathan Zuck, president of the Washington-based Association for Competitive Technology (ACT), which has been critical of Suns lawsuits, said: "The tech industry is happy to have the uncertainty of this case behind us, and we hope this will be a catalyst for a settlement to the ongoing European case. The resolution of Suns issues before the European Commission should pave the way to a reasonable settlement of that ongoing litigation. As a result of the settlement, Sun will finally end its holdout and participate in the communications protocol licensing program that was instituted by the U.S. settlement. We hope Suns participation will spur others that have held back from licensing for political reasons to join the program as well. This is a major achievement for these tech industry leaders, and we hope the end of this litigation leads to more competition and innovation across the industry."
Check out eWEEK.coms Windows Center at http://windows.eweek.com for Microsoft and Windows news, views and analysis.
Be sure to add our eWEEK.com Windows news feed to your RSS newsreader or My Yahoo page:
Read "EU Hits Microsoft With Record Fine."
Check out eWEEKs interview with Schwartz.
Jonathan Zuck, president of the Washington-based Association for Competitive Technology (ACT), which has been critical of Suns lawsuits, said: "The tech industry is happy to have the uncertainty of this case behind us, and we hope this will be a catalyst for a settlement to the ongoing European case. The resolution of Suns issues before the European Commission should pave the way to a reasonable settlement of that ongoing litigation. As a result of the settlement, Sun will finally end its holdout and participate in the communications protocol licensing program that was instituted by the U.S. settlement. We hope Suns participation will spur others that have held back from licensing for political reasons to join the program as well. This is a major achievement for these tech industry leaders, and we hope the end of this litigation leads to more competition and innovation across the industry."
Check out eWEEK.coms Windows Center at http://windows.eweek.com for Microsoft and Windows news, views and analysis. Be sure to add our eWEEK.com Windows news feed to your RSS newsreader or My Yahoo page:
