Sun Microsystems
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Founded in February 1982, today Sun Microsystems is a leading provider of industrial strength hardware, software and services with more than 35,700 employees worldwide and revenues of $12.5 billion in fiscal 2002 (Investor 2003). Sun is currently ranked 112 on the Fortune 500 index and its current stock price as of June 27, 2003 was $15.72 (Investor 2003).The Sun vision is: “Everyone and everything connected to the network” (About 2003). The mission statement at Sun is: “Solve complex network computing problems for governments, enterprises, and service providers” (About 2003). The company’s main strategy is to enable customers to create breakaway business strategies by using Sun network computing products, solutions and services. A key goal is creating the best networking products in the world and selling them to elite organizations. Generic strategy is differentiation and growth is the investment strategy. Another key goal is making networks serve elite clients better than competitors. Policies embrace corporate diversity and standards of business conduct that underscore Sun’s “commitment to integrity in every facet of our business and in our relationship with our stakeholders” (About 2003). Supplier diversity is also a policy at Sun that bases the selection of suppliers who leverage technology to get the job done. The following individuals represent the Board of Directors at Sun
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rve its elite customers. Sun’s information systems are designed in a manner similar to what it offers clients, mission-critical computing systems on which they operate all elements of their businesses.
Key financial data for Sun Microsoft, Inc. is shown in the table below:
Year
2002
Change
2001
Change
2000
Computer Systems and Network Storage Products
$8,574
(39.6)%
$14,196
10.6%
$12,841
Other products
$519
(36.6)%
$819
41.2%
$580
Products net revenue
$9,093
(39.4)%
$15,015
11.9%
$13,421
Percentage of total net revenues
$72.8%
(9.5)pts
82.3%
(3.1)pts
85.4%
Services net revenue
$3,403
5.2%
$3,235
40.7%
$2,300
Percentage of total net revenues
27.2%
9.5pts
17.7%
3.1pts
14.6%
Total net revenues
$12,496
(31.5)%
$18,250
16.1%
$15,721
(Supplier 2003)
There are some key financial ratios for Sun Microsystems, Inc. which are very good indicators of company success and performance. Return on Assets is 14%, Return on Equity is 24% and Equity as a percentage of Total Assets = 61.5% (About 2003). Sun is financially very strong considerin
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Some common words found in the essay are:
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Approximate Word count = 1686
Approximate Pages = 7 (250 words per page)
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