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 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. It also blinded famously combative Scott McNealy to the coming Linux wars. The reflections of the CEO of a large technology company of the day sums it up neatly. That assumes I can get that by my shareholders. 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. Say what you like about Scott McNealy, but one adjective you'll never find attached to his name is shy. — Scott 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. Thru McNealy's participative, charismatic and transformational leadership styles, Sun is sure to continue its hold in the industry. That assumes zero expenses, which is . 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? That assumes I have zero cost of goods sold, which is very hard for a computer company. As Sun Microsystems chief executive Scott McNealy famously said nearly 15 years ago, "You have zero privacy anyway. More than 75 people--including a number of women--who have wound up as chief executives at technology companies trace their managerial . 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. Since the founding of Sun, the company has become one of the world leaders in computing network solutions. I mean what were we thinking. 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. I warn you though - he could never have given up his day job to become a comedian. Scott McNeely was. jessefelder January 6, 2021 " What were you thinking? " …But two years ago we were selling at 10 times revenues when we were at $64. " 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. 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. eBay was four years old, but they were . Sun cofounder Scott McNealy spoke with The Register's Gavin Clarke about Sun's failures, and offered Oracle's Larry Ellison some advice. That assumes I have zero cost of goods sold, which is very hard for a computer company. Ice hockey, perhaps. Sun Microsystems is a Silicon Valley legend. A fifth-place finish at last year's AT&T Pebble Beach Pro-Am was his best of the . but rumors circulating last week that his hour had finally come were denied by Sun and McNealy. Now he's fighting to survive. Scott: Unfortunately, they were all, my most famous . That assumes I can get that by my shareholders. - Scott McNealy 29 de julio de 2019 Estimado inversor, Concluye el segundo trimestre del año donde hemos visto continuidad en el movimiento alcista de las bolsas y en la motivación del mismo. Sun Microsystems founder and Chairman talks about open source and the unification of Unix A company can have the same unchanged earnings per share (EPS) yet sentiment rerates the company to a higher earnings multiple. 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. 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. Scott is a Silicon Valley pioneer, most famous for co-founding Sun Microsystems in 1982. Students today are raised on technology, fundamentally changing the educational environment and how students interact, learn and share. Scott: Unfortunately, they were all, my most famous . . At the same time, stock holdings are at an all-time high of 65.2%. You don't need any transparency. 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 assumes I can get that by my shareholders. 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 . That assumes I can get that by my shareholders. Son of Raymond McNealy and Marmaline McNealy. The Santa Clara company . I have interviewed Scott McNealy. 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 . 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. 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: . There was no Facebook, Google or Twitter. I chose instead to assemble a few of the best Scott McNealy quotes from over the years. Were you thinking about them beforehand, or were they just lines that came to you in the conversation? 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 . McNealy: Well, you know I certainly don't pick . 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. That assumes I have zero cost of goods sold, which is very hard for a computer company. 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 . . McNealy: Well, you know I certainly don't pick . As unpopular as that viewpoint was at the time, McNealy was . What were you thinking?". Scott G. McNealy co-founded Sun Microsystems Inc. in 1982 at age 27. That same riskiness and volatility applies to privately-owned businesses as well but because you don't see the price moves every minute, you don't feel it as much. McNealy finished 68th in the FedExCup last year. Scott Mcnealy and Sun Microsystems. You don't need any footnotes. A bull market sees stock market prices trade on lofty multiples and a bear market will see bad news heavily affect stocks. 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 . 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. December 7, 2010. The result is that Sun does not have enough money to market Sun ONE to the same degree that Microsoft Corp . At its peak his stock hit valuation of ten-times revenues. In the second part of a two-part question and answer session, Sun Microsystems Inc. Chairman and CEO Scott McNealy explains his company's controversial nondisclosure agreement policy and provides . An airhacks.fm conversation with Scott McNealy . Scott McNealy and his wife Susan were married in 1994 and gave birth to their son, Maverick, the following year. That assumes I can get that by my shareholders. "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. What were you thinking?'' The quote is attributed to Scott McNealy, former CEO of Sun MicroSystems, after the tech crash at the turn. 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. Tech Industry Scott McNealy far from retired. Copied. '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. Anyways, back then, SUN Microsystems was going to rule the world, and Scott McNealy's company was priced for perfection. 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. That assumes I can get that by my shareholders. 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. The back story: During the 1990s Sun Microsystems was a dominant provider of high-end workstations and servers, and the company's Java . McNealy will retain the role of chairman, and described his new role as one of "chief evangelist". 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. MCNEALY: Absolutely. these trends, you lost a lot of money. What were you thinking?' - Scott McNealy, Sun Microsystems CEO, Business Week. "@ManishKhatta I keep a vivid image of Scott McNealy's "What were you thinking" quote in my head" Scott McNealy Quotes. Scott McNealy, co-founder and former CEO of Sun Microsystems, famously told a group of reporters, "You have zero privacy anyway…Get over it!". This quote from CEO Scott McNealy is classic: 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. being nervous and unprepared as speaker - people would like to hear what do you think as a speaker, "you don't have privacy, get over it", Steve . Continued focus on eliminating barriers to education by leveraging technology and the network will help . 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. About McNealy McNealy was born on November 13, 1954 in Columbus, Indiana. 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 following is from a 1999 Bloomberg interview with Scott McNealy, then CEO of Sun Microsystems, explaining what investors paying 10x Price-to-Sales for his company meant. April 1958 to June 1959 (289 bars) is the longest. There were lots of cheap stocks in 2000. That assumes I can get that by my shareholders. Sun Microsystems founder and chairman talks about his current role and what keeps him and Andy Bechtolsheim engaged at Sun. Transcript: Will some of those other rich technology companies follow Microsoft's lead? You don't need any footnotes. "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. We don't know what investors are thinking for today. (85 Quotes) a lot of money flowing both ways if we do this right. The incredulity in his voice is amplified by the benefit of hindsight as McNealy gave the interview this quote was taken from in . 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. '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. The one-ness permeated every answer. 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. McNealy was explaining ex-ante how irrational the financial euphoria of the late 1990's was when he said: …2 years ago we were selling at 10 times revenues when we were at $64. McNealy was born on November 13, 1954 in Columbus, Indiana. '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. He made the cut in 17 of 23 starts, including six top-25s. McNealy was explaining ex-ante how irrational the financial euphoria of the late 1990's was when he said: …2 years ago we were selling at 10 times revenues when we were at $64. This case study discusses the various events at Sun under McNealy's leadership. Admittedly, the McNealy quote requires some context for technology entrepreneurs, investors and MSPs that weren't in the market two decades ago. The year was 1999. Now pretty much everything is ridiculous, because econ professors have price-fixed the price of money at a level where you have to speculate or you die. He is married. Essay Sample Check Writing Quality. I happened to meet Scott McNealy, Sun co-founder and Chairman, a few . 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. Tesla trades at a Price-to-Sales ratio almost double where McNealy's stock was at its pinnacle. To make decisions, you have to first outline the problem, and if you hire really great people, they're going to know more about the problem they're dealing with than you ever will."-Scott McNealy. That assumes I can get that by my shareholders. Scott McNealy, Chairman and CEO, co-founded Sun Microsystems in 1982. About McNealy McNealy was born on November 13, 1954 in Columbus, Indiana. ABOUT. 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 . His grandfather was the head of surgery at Cook County (Ill.) Hospital and among the pioneers in the advancement . MCNEALY: Well, I think Jonathan would probably totally agree that the farther you get away from the U.S. and the farther you get away from the most developed countries, the better chance you have . Mar 03, 2020 10:57AM By Adam Cochran. He studied at Harvard University where he study. In April 2006, he announced his decision to step down in favor of Sun's president and COO Jonathan Schwartz. 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. Technical muscle and a history of innovation made Sun a Silicon Valley standard-bearer. Former Sun CEO is racking more frequent-flier miles now as chairman, traveling the world to meet with customers and tout Sun's virtues. Love taxpayers, capitalism, personal responsibility. That assumes I can get that by my shareholders. Abstract: Scott McNealy had been the CEO of Sun Microsystems, a company that he had co-founded in 1984, for 22 years. 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. 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. 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. 2 Scott McNealy is stepping down as Sun Microsystems' CEO after 22 years at the helm. 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: . Get over it.". We are currently up to 213 bars." Finally, we note that bonds appear unloved at the moment. 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. to exit, IBM buying RedHat, Sun was the first company in 1982 shipping with TCP/IP, Scott was smart and the other founders were . I will never forget that Scott McNealy quote after the bubble burst. Founder of @Curriki, former Chairman/CEO of Sun Micro, husband, dad of 4 awesome boys. 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. He has since built an $18 billion computer giant, amassed a fortune, and become one of the industry's most vocal . "At 10-times revenues, to give you a 10-year payback, I must pay you 100% of revenues for 10-straight years in dividends. Son of Raymond McNealy and Marmaline McNealy. The following is from a 1999 Bloomberg interview with Scott McNealy, then CEO of Sun Microsystems, explaining what investors paying 10x Price-to-Sales for his company meant. McNealy was explaining ex-ante how irrational the financial euphoria of the late 1990s was when he said: …2 years ago we were selling at 10 times revenues when we were at $64. 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 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. The Internet as we know it was barely five years old. 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? 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? Over 1,000 former Sun employees reunited . The Sun Microsystems co-founder has reveled in running his mouth, and the list of "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. McNealy believes open source is screwing up Sun Microsystems Inc.'s revenue models. Scott McNealy enjoyed this honest day's work, a virtue instilled in him as a child. 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. 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%. Son of Raymond McNealy and Marmaline McNealy. What were you thinking? Scott McNealy Scott McNealy has done it again and again. Here are 76 Scott McNealy quotes. La situación geopolítica no ha mejorado y los resultados "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. What were you thinking?" Scott McNealy, Business Week, 2002. 13 Oct 2019 6:00am, by David Cassel. 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… And once they got over that hump and they thought, Oh, I'm not giving up . That assumes I can get that by my shareholders. Scott McNealy was the CEO of Sun Microsystems, one of the darlings of that bubble. 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"). What were you thinking?" Why Scott McNealy's Words Matter. 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. and that it had been growing too fast to think about a . That assumes I can get that by my shareholders.