I think the point both Jobs and McNealy were making (probably tongue in cheek in both cases) is that nobody at Dell is concerned about what a "computer" ought to be. They have been phenomenally succesful at transforming parts from a variety of suppliers into computers on people's desks, but their innovation is almost entirely in different . Characterized as brash, fun-loving, and extremely energetic, McNealy enjoys creating catch phrases to explain his business philosophy ("have lunch or be lunch") and strategies ("the network is the computer"). to exit, IBM buying RedHat, Sun was the first company in 1982 shipping with TCP/IP, Scott was smart and the other founders were . April 1958 to June 1959 (289 bars) is the longest. This kind of mania rarely, if ever, works out well for investors, with charts like this best seen as a clear warning sign that equity markets are due for a major correction, which could come anytime. McNealy believes open source is screwing up Sun Microsystems Inc.'s revenue models. 'There are some sorts of things that individual companies or individuals can't handle, like national defense or the court system, or whatever. "At 10-times revenues, to give you a 10-year payback, I must pay you 100% of revenues for 10-straight years in dividends. We are currently up to 213 bars." Finally, we note that bonds appear unloved at the moment. That assumes I can get that by my shareholders. That assumes I can get that by my shareholders. What were you thinking?'' The quote is attributed to Scott McNealy, former CEO of Sun MicroSystems, after the tech crash at the turn. Scott is a Silicon Valley pioneer, most famous for co-founding Sun Microsystems in 1982. I happened to meet Scott McNealy, Sun co-founder and Chairman, a few . That assumes I can get that by my shareholders. Anyways, back then, SUN Microsystems was going to rule the world, and Scott McNealy's company was priced for perfection. " But two years ago we were selling at 10 times revenues when we were at $64. There was no Facebook, Google or Twitter. And once they got over that hump and they thought, Oh, I'm not giving up . Scott McNealy Quotes. That assumes I have zero cost of goods sold, which is very hard for a computer company. Since the founding of Sun, the company has become one of the world leaders in computing network solutions. The Sun Microsystems co-founder has reveled in running his mouth, and the list of "McNealy . At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. Transcript: Will some of those other rich technology companies follow Microsoft's lead? Nov 2, 2020 7 1 Scott McNealy, the CEO of Sun Microsystems famously quipped the following after Sun's stock had run up to $64/share before falling to under $10/share a year later during the dot com bubble. Scott McNealy, the CEO of Sun Microsystems in 2002, made an address to investors, lambasting them for the price (10x Sales) they were prepared to pay for his company: " At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. The reflections of the CEO of a large technology company of the day sums it up neatly. What were you thinking? According to Bank of America, with $3.2 trillion of assets held by private clients, allocations to bonds are at an all-time low of 17.7%. I will never forget that Scott McNealy quote after the bubble burst. So you're only here if either - like me, you were born and brought up with such a view, or else if you got serious work to do. That assumes I have zero cost of goods sold, which is very hard for a computer company. Sun Microsystems Chairman, President and CEO Scott McNealy has led Sun for more than 15 years and is currently navigating the company through a transition from a high-end server provider to an end . The year was 1999. Here are 76 Scott McNealy quotes. Founder of @Curriki, former Chairman/CEO of Sun Micro, husband, dad of 4 awesome boys. Were you thinking about them beforehand, or were they just lines that came to you in the conversation? As Sun Microsystems chief executive Scott McNealy famously said nearly 15 years ago, "You have zero privacy anyway. At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. An airhacks.fm conversation with Scott McNealy . 'What Were You Thinking?' October 26, 2017, 11:08 AM My friend Eric recently shared an iconic quote from the dotcom mania that is especially relevant to the equity market today. That assumes I can get that by my shareholders. McNealy was born on November 13, 1954 in Columbus, Indiana. Scott McNealy, co-founder and CEO of Sun Microsystems, made the now famous statement to Bloomberg in 2002: "2 years ago we were selling at 10 times revenues when we were at $64. Essay Sample Check Writing Quality. these trends, you lost a lot of money. Anyway like I say if you want the low-down on McNealy's departure and his replacement, Jonathan Schwartz, simply visit our coverage of the news here. He studied at Harvard University where he study for a degree in economics in the year 1976 after that he went to Stanford University to study MBA (Master of Business Administration) in the year of 1980. At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. "At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. He made the cut in 17 of 23 starts, including six top-25s. You don't need any transparency. "What were you thinking?" That is the rhetorical question Scott McNealy, CEO of Sun Microsystems, asked of investors paying a "ridiculous" ten times revenues for his stock at the height of the Dotcom Mania. "We probably got a little too aggressive near the end and probably open sourced too much and tried too hard to appease the community and tried too hard to share," McNealy said. Former Sun CEO is racking more frequent-flier miles now as chairman, traveling the world to meet with customers and tout Sun's virtues. Sun Microsystems is a Silicon Valley legend. We don't know what investors are thinking for today. Scott McNealy is stepping down as Sun Microsystems' CEO after 22 years at the helm. That assumes I can get that by my shareholders. 2002 interview, Sun Microsystems' CEO Scott McNealy made the following quote about his firm's valuation in 2000: "two years ago we were selling at 10 times revenue when we were at $64. Over 1,000 former Sun employees reunited . Scott McNealy, Bloomberg Businessweek, March 31, 2002 So say you bought a $100 worth of ownership stake in something as risky and volatile as a publicly-traded business. Ice hockey, perhaps. What were you thinking?" Scott McNealy, Business Week, 2002. eBay was four years old, but they were . I chose instead to assemble a few of the best Scott McNealy quotes from over the years. The Santa Clara company . Students today are raised on technology, fundamentally changing the educational environment and how students interact, learn and share. Scott McNealy Scott McNealy has done it again and again. He is married. At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. I have interviewed Scott McNealy. Ten years after it was acquired by Oracle, the company's past employees still have fond feelings for their former home and a historic reunion happened two weeks ago at the Hyatt Regency by the San Francisco airport. Thru McNealy's participative, charismatic and transformational leadership styles, Sun is sure to continue its hold in the industry. That assumes I can get that by my shareholders. He studied at Harvard University where he study. Scott McNealy was the CEO of Sun Microsystems, one of the darlings of that bubble. Admittedly, the McNealy quote requires some context for technology entrepreneurs, investors and MSPs that weren't in the market two decades ago. Sun cofounder Scott McNealy spoke with The Register's Gavin Clarke about Sun's failures, and offered Oracle's Larry Ellison some advice. McNealy: Well, you know I certainly don't pick . Copied. SCOTT MCNEALY: Well, I also think the message might have gotten a little convoluted up front that we were going to Steve talked about we're not merging .NET and the Java Enterprise System, we're not merging Windows and Solaris, we're providing interoperability. In January the four original founders of Sun -- Andreas Bechtolsheim, Bill Joy, Vinod Khosla, and Scott McNealy -- appeared publicly together for the first time in decades, at the Computer History . " That is the rhetorical question Scott McNealy, CEO of SunMicrosystems, asked of investors paying a "ridiculous" ten times revenues for his stock at the height of the Dotcom Mania. At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. At its peak his stock hit valuation of ten-times revenues. - Scott McNealy 29 de julio de 2019 Estimado inversor, Concluye el segundo trimestre del ao donde hemos visto continuidad en el movimiento alcista de las bolsas y en la motivacin del mismo. for a degree in economics in the year 1976 after that he went to Stanford University to study MBA (Master of Business Administration) in the year of 1980. It also blinded famously combative Scott McNealy to the coming Linux wars. At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. The Internet as we know it was barely five years old. Scott McNealy, Sun Microsystem's co-founder, hasn't given many interviews since his company's $7.4 billion sale to Oracle, but he agreed to spend an hour on Mixergy to talk about: . I think back with amusement to the time in 1999 when I charged into my senior boss's office after being turned down by the IT department for a new $40,000 Ultra-80 because I "traded too much already." Good times. As unpopular as that viewpoint was at the time, McNealy was . His grandfather was the head of surgery at Cook County (Ill.) Hospital and among the pioneers in the advancement . 2 Lake: You seem to come more from the business side, at least when you were at university, does that change the way you think about these things? and that it had been growing too fast to think about a . What were you thinking?" Now, Mr. McNealy gives a good quote but he's being awfully harsh because, at the same exact time that he was making this quote, Amazon .com ( AMZN 1.99% ) was trading at . Scott McNealy is chairman, president and chief executive officer of Sun Microsystems Inc., which makes server computers that run large companies' networks and Web sites. Son of Raymond McNealy and Marmaline McNealy. That assumes I can get that by my shareholders. 13 Oct 2019 6:00am, by David Cassel. (85 Quotes) a lot of money flowing both ways if we do this right. December 7, 2010. You know, I think there will be lots of little, tiny start-ups that will get absorbed into the big infrastructure players, the big enterprise players that have the global . "@ManishKhatta I keep a vivid image of Scott McNealy's "What were you thinking" quote in my head" The incredulity in his voice is amplified by the benefit of hindsight as McNealy gave the interview this quote was taken from in . MCNEALY: Absolutely. That assumes I can get that by my shareholders. He has since built an $18 billion computer giant, amassed a fortune, and become one of the industry's most vocal . What were you thinking?' - Scott McNealy, Sun Microsystems CEO, Business Week. Barely a word in that hour deviated from McNealy's insistence that Sun's future is as a systems company, and that Big Systems are precious and are difficult things to do. The result is that Sun does not have enough money to market Sun ONE to the same degree that Microsoft Corp . Mar 03, 2020 10:57AM By Adam Cochran. "At 10-times revenues, to give you a 10-year payback, I must pay you 100% of revenues for 10-straight years in dividends. He studied at Harvard University where he study for a degree in economics in the year 1976 after that he went to Stanford University to study MBA (Master of Business Administration) in the year of 1980. I happened to meet Scott McNealy, Sun co-founder and Chairman, a few weeks back at Sun's Executive Briefing Center (EBC) and so, armed with a compact voice recorder, I managed to sit down with him . Scott McNealy, Sun Microsystem's co-founder, hasn't given many interviews since his company's $7.4 billion sale to Oracle, but he agreed to spend an hour on Mixergy to talk about: . . In discussing the valuation of his own firm in April of 1999 he stated: "we were selling at 10 times revenues when we were at $64. Tech Industry Scott McNealy far from retired. I warn you though - he could never have given up his day job to become a comedian. At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. Scott McNealy and his wife Susan were married in 1994 and gave birth to their son, Maverick, the following year. You don't need any footnotes. A fifth-place finish at last year's AT&T Pebble Beach Pro-Am was his best of the . McNealy finished 68th in the FedExCup last year. Scott Mcnealy and Sun Microsystems. ABOUT. McNealy will retain the role of chairman, and described his new role as one of "chief evangelist". Lake: You seem to come more from the business side, at least when you were at university, does that change the way you think about these things? Scott McNealy, the CEO of Sun Microsystems in 2002, made an address to investors, lambasting them for the price (10x Sales) they were prepared to pay for his company: " At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. Son of Raymond McNealy and Marmaline McNealy. There was so much money flowing out of the economy that I knew someone who had it made at 55 having to start all over. I mean what were we thinking. That assumes I can get that by my shareholders. In their recent episode of the VALUE: After Hours Podcast, Taylor, Mitchell, and Carlisle discussed U.S Investors Expecting 17.5% Long-Term Returns.Over the last 10 years, sales of the S&P 500 have grown at a 2.9% clip, so that would give you a total of 33% growth over the next 10 years.Jake: This reminds me a little bit of Scott McNealy's, what were you thinking that he did about Sun . Technical muscle and a history of innovation made Sun a Silicon Valley standard-bearer. The decision to revamp the home's interior came after Scott McNealy's Palo Alto, California, property failed to attract buyers at the original $96.8million asking price or at a reduced $54.8million. Scott McNealy, co-founder and former CEO of Sun Microsystems, famously told a group of reporters, "You have zero privacy anywayGet over it!". That assumes I can get that by my shareholders. Were you thinking about them beforehand, or were they just lines that came to you in the conversation? This case study discusses the various events at Sun under McNealy's leadership. Scott McNealy, Chairman and CEO, co-founded Sun Microsystems in 1982. La situacin geopoltica no ha mejorado y los resultados 'What Were You Thinking?' - The Felder Report 'What Were You Thinking?' My friend Eric recently shared an iconic quote from the dotcom mania that is especially relevant to the equity market today. A company can have the same unchanged earnings per share (EPS) yet sentiment rerates the company to a higher earnings multiple. Now he's fighting to survive. Tesla trades at a Price-to-Sales ratio almost double where McNealy's stock was at its pinnacle. Abstract: Scott McNealy had been the CEO of Sun Microsystems, a company that he had co-founded in 1984, for 22 years. Son of Raymond McNealy and Marmaline McNealy. They include the famous quote from Scott McNealy from 2002: "2 years ago we were selling at 10 times revenues when we were at $64. That's why we have the Sherman Antitrust and monopoly laws on the books, because the government has to step in when a company is not operating under market discipline.' and more