No Splash for Niagra

Sun Microsystems introduced a new version of its Niagra processor. The new UltraSPARC T2 chip will be twice as fast as its predecessor. Most lawyers are not familiar with Niagra, because it is not found in PCs or laptops. Niagra technology and the UltraSPARC T2 is primarily used in computer servers that make up the bulk of Sun's revenue (47 percent). But this news was dwarfed by Sun's announcement to reduce its work force as part of a new restructuring plan, according to a regulatory filing with the Securities and Exchange Commission -- nothing like well-timed announcements to promote good technology.