Wall Street is now recommending business strategy:
Steve Milunovich sends a letter to Sun telling them they should 'accept being a successful niche company in mission critical computing'.
Umm. Look: this is seriously uncool.
Companies need independence from the sordid and stupid
short-term obsession with growth and profitability Wall Street has developed.
Investors need better representation in the firms that they invest in, and this is one possible mechanism. But in this case, the interests of the agent (short-term profits and growth) are hugely different
from the interest of the principals (sustained competitive advantage).
If you're interested in short-term profits and growth, maybe you should consider why the creation of real economic value is always
a dominating strategy.
That said, Sun is in real trouble. Here's a great summary and some history.