Sun rises with new Java standard, Cobalt deal

 

latest developments

Sun makes strategic moves in two of its hottest areas. After years of struggle, it settles on a Java standard for cell phones and handhelds. Also, it scoops up Cobalt for $2 billion in stock.

Sun serves up Java on mobile phones update After years of programming, evangelism and corporate wrangling, Sun Microsystems and its business partners create a standard for putting Java software into cell phones. Sun scoops up Cobalt for $2 billion in stock update The company buys Cobalt Networks in a $2 billion stock transaction, a move that Sun says will accelerate its entry into the server appliance market. Thin is in for server fashion perspective Deutsche Banc Alex. Brown analyst Phil Rueppel sees nothing stopping the current trend toward low-cost thin servers. previous coverage Sun CEO's compensation takes a huge leap Chief executive Scott McNealy recieves a salary and compensation package that could be worth up to $68.6 million, according to regulatory documents.