Sun Microsystems names Jonathan Schwartz as new chief executive
Sun Microsystems has named Jonathan Schwartz as its first new chief executive in 22 years. Scott McNealy the outgoing head of the company and Schwartz said Sun's strategy will remain the same even after the former steps down.

Sun's stock has been stagnating for years as the company has struggled with inconsistent profitability and revenue growth. However Schwartz has promised to change that.

Company officials said this is because Jonathan is more likely to cut costs in a way that Sun needs. Analysts said the company needs to cut selling administrative and general costs.

Schwartz says he will diminish the investments that don't make sense anymore though there may not be a major layoff. He says he preferred to direct attention not toward cost cuts but rather to revenue growth as a way to profitability. "We are going to be just as focused on that latter part of the equation as we are on the former," Schwartz said.
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Microsoft launches new browser
London: Microsoft is planning to release the final version of Internet Explorer 7 in the second half of this year before the release of Windows Vista. The latest IE7 beta version is touted as an improved version in how it deals with certain banking and news Web sites.

Microsoft chairman Bill Gates' team of developers is looking for feedback on the new browser from ordinary computer users, as well as other Web developers. The team believes that the IE7--even at this beta stage--is a significant improvement on the former one.

This is Microsoft's third beta of Internet Explorer 7 and the company plans to release more to the general public.
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