Innovation Loves a Crisis

I thought I'd share a note I sent earlier in the week to Sun's leaders - about the turmoil we're seeing in the markets, and how I want our team focusing their efforts. _______________________________________________________________________________ Begin forwarded message: From: Jonathan Schwartz Date: September 30, 2008 12:02:29 AM PDT To: All Sun Subject: Headlines, Financial Crisis, etc. You can't have missed today's headlines - the American Congress failed to pass a critical bill authorizing the Treasury to put a floor under the US banking sector. The market swooned, and politicians in the US, and across the world, are bickering over the right long term answer - jump in and take action to save the troubled institutions, or step aside and let the market sort it out. Several more banks/insurers were shuttered or bailed out today - I'm confident we haven't seen the last of these collapses and rescues. And I know there are questions about "how does this affect Sun?" Well, I believe almost all our core customers will be affected - not just the banks, but the telcos, hospitals, media companies, construction firms, airlines, governments, startups, you name it. Every customer that depends upon credit as a means of financing their business - whether it's a university or a Fortune 100 transportation company - is going to be under severe stress. It's also going to create a huge opportunity - if we're on offens...

Date: October, 02 2008
Url: http://blogs.sun.com/jonathan/entry/innovation_loves_a_crisis

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