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	<title>Brian Herman's blog &#187; bailout</title>
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		<title>Brian Herman's blog &#187; bailout</title>
		<link>http://brianherman.wordpress.com</link>
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		<title>Why the Big-3 fail &#8211; why Sun won&#8217;t</title>
		<link>http://brianherman.wordpress.com/2008/12/02/why-the-big-3-fail-why-sun-wont/</link>
		<comments>http://brianherman.wordpress.com/2008/12/02/why-the-big-3-fail-why-sun-wont/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 05:00:37 +0000</pubDate>
		<dc:creator>brianherman</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[SMI]]></category>
		<category><![CDATA[Sun]]></category>

		<guid isPermaLink="false">http://brianherman.wordpress.com/?p=124</guid>
		<description><![CDATA[In the last several weeks we&#8217;ve heard plenty about the Big-3 US automakers, how they are failing, and why they think they need government bailout monies.  There have been some well thought out articles detailing why we should let them fail, arguing that only through the protections of bankruptcy law can they truly get out from under [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=brianherman.wordpress.com&blog=3412538&post=124&subd=brianherman&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>In the last several weeks we&#8217;ve heard plenty about the Big-3 US automakers, how they are failing, and why they think they need government bailout monies.  There have been some well thought out articles detailing why we should let them fail, arguing that only through the protections of bankruptcy law can they truly get out from under the burdens that have made them fail.  </p>
<p><a title="Big3win" href="http://www.businessweek.com/magazine/content/08_48/b4110000545461.htm?chan=rss_topStories_ssi_5" target="_blank">Jack and Suzy Welch&#8217;s thoughts</a> are good, but I think former POTUS candidate Mitt Romney really nails it in <a title="Big3win" href="http://www.nytimes.com/2008/11/19/opinion/19romney.html?_r=2&amp;em=&amp;adxnnl=1&amp;adxnnlx=1228279986-z7o54uzwQ+9cBpAjLgj0+Q" target="_blank">his assessment for the New York Times</a></p>
<p>I <em>love</em> this section from Mitt, and the last sentence in particular.  That&#8217;s everything that&#8217;s RIGHT about Sun over the last 5 years:</p>
<blockquote><p>Investments must be made for the future. No more focus on quarterly earnings or the kind of short-term stock appreciation that means quick riches for executives with options. Manage with an eye on cash flow, balance sheets and long-term appreciation. Invest in truly competitive products and innovative technologies — especially fuel-saving designs — that may not arrive for years. <em><strong>Starving research and development is like eating the seed corn</strong></em>.</p></blockquote>
<p> </p>
<p>Sun has done the right thing here and just need it to start paying off!  We have such great products now, way ahead of our competitors who didn&#8217;t invest in R&amp;D after the dot-com bubble burst.  This is our time.  I just hope our Volume Drives Value, community based strategy catches on before it&#8217;s too late!</p>
<p>Go Sun Go!</p>
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