As you already know, Southeastern Asset Management Inc. have agreed (well, has ordered us would be the correct phrase...) to add two independent members to the company's board.
Attending to popular demand (mainly Anil's (the fake, I guess) demand), I'll add some comments on that decision from those people.
First of all, we at the Board of Directors are happy with the addition of those two new seats, specially Jonathan and me. As they didn't ask for a replacement, just an addition of two new seats, we won't have to fight with the rest of the members of the Board to keep our seats, so those are good news.
Second, we are not only firing people, we are also hiring, so this is a signal of recovery (and the shares are again over $4!!!).
Third, those people, although they have not experience managing a technology company, they cannot do it worse than Jonathan, so they might be a help with fresh ideas after all.
Fourth, Southeastern is not known to be a 'corporate rider', so if they decide to take more than a 20% of the company (at a very low price to say it all), it is not likely that they will dismantle the company and sell it by pieces, so this is another piece of good news for all of us who love Sun (well, we all hope that they will keep on with such a history of not being corporate riders and are not taking Sun to start being so...).
Fifth, and this is serious: I really hope they'll stop the massive layoff that Jonathan announced. As we all know, layoffs may kill innovation, and Sun is innovation. I agree this company needs restructuring, but axing almost a 20% of its workforce is not the answer, is just fresh blood to content some shareholders. As soon as I can (as soon as Ashok finishes writing it), I'll publish my ideas of the restructuring I think Sun needs.
Good night, and good luck.