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Pete’s Weekly Wrap …. It’s All About Sun; But What Is Sun About? »

This week, it’s all about Sun Microsystems. It reported some gloomy financials, had a private investment fund take a big stake and suggest the company is now a software play, and lost a co-founder (the same person for the second time). Oh, it introduced some new products too, including its first storage blade (which is, errr, hardware).

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BofA/Merrill Names Kelly To Head IT For Investment Businesses »

Jim Kelly has been named to head of IT and operations for the new Global Banking, Securities and Wealth Management unit of the combined Bank of America/Merrill Lynch. He will continue to be based in Charlotte, NC.

The new division includes Bank of America’s corporate and investment bank and most of its wealth and investment-management business as well as units acquired with Merrill, and is headed by John Thain, former CEO of Merrill.

Johnston-Watt To Lead Enigmatec Spin Out For Cloud Marketplaces »

Enigmatec Corporation Founder and CTO Duncan Johnston-Watt is leaving the company at year end to establish and lead Cloudsoft Corporation, which will commercialise intellectual property acquired from Enigmatec to host Cloud-based electronic marketplaces. Engimatec will take a stake in Cloudsoft, and Johnston-Watt will continue as a non-executive director of Enigmatec. Cloudsoft will be headquartered in Edinburgh, Scotland, where Enigmatec is establishing a Centre of Excellence.

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