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In mid-2004, Sun closed their Newark, California, factory and consolidated all manufacturing to Hillsboro, Oregon and Linlithgow, Scotland. A year later, it had reached below $10 (a tenth of what it was in 1990), but it eventually bounced back to $20. It continued to fall, faster than many other technology companies. In December 2001, the stock fell to the 1998, pre-bubble level of about $100.
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Several quarters of steep losses led to executive departures, rounds of layoffs, and other cost cutting. Sales in Sun's important hardware division went into free-fall as customers closed shop and auctioned high-end servers. Some of this was because of genuine demand, but much was from web start-up companies anticipating business that would never happen. It also began spending much more, hiring workers and building itself out. In the dot-com bubble, Sun began making much more money, and its shares rose dramatically. The initial version of the logo was orange and had the sides oriented horizontally and vertically, but it was subsequently rotated to stand on one corner and re-colored purple, and later blue. Sun's logo, which features four interleaved copies of the word sun in the form of a rotationally symmetric ambigram, was designed by professor Vaughan Pratt, also of Stanford. The symbol was changed in 2007 to JAVA Sun stated that the brand awareness associated with its Java platform better represented the company's current strategy. Sun's initial public offering was in 1986 under the stock symbol SUNW, for Sun Workstations (later Sun Worldwide). It licensed the computer design to other manufacturers, which typically used it to build Multibus-based systems running Unix from UniSoft. Sun was profitable from its first quarter in July 1982.īy 1983 Sun was known for producing 68k-based systems with high-quality graphics that were the only computers other than DEC's VAX to run 4.2BSD. The Sun name is derived from the initials of the Stanford University Network.
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Bill Joy of Berkeley, a primary developer of the Berkeley Software Distribution (BSD), joined soon after and is counted as one of the original founders. On February 24, 1982, Scott McNealy, Andy Bechtolsheim, and Vinod Khosla, all Stanford graduate students, founded Sun Microsystems. He built the first examples from spare parts obtained from Stanford's Department of Computer Science and Silicon Valley supply houses. It was designed around the Motorola 68000 processor with an advanced memory management unit (MMU) to support the Unix operating system with virtual memory support. Bechtolsheim originally designed the SUN workstation for the Stanford University Network communications project as a personal CAD workstation. The initial design for what became Sun's first Unix workstation, the Sun-1, was conceived by Andy Bechtolsheim when he was a graduate student at Stanford University in Palo Alto, California. Original Sun Microsystems logo, as used on the nameplate of the Sun-1 workstationįrom 1996 until 2010/acquisition by Oracle Corporation
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