By ndouglas, 8:10 PM on Mon Apr 24 2006, 94 views (Edit, to draft, Top, Slurp)

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Stick a fork in him, he's done. As everyone expected, Sun Microsystems founder Scott McNealy took the Bill Gates escape route today, relinquishing his CEO spot but staying as chairman. Meanwhile, Sun reports yet another red quarter just as President Jon Schwartz takes over Scott's job. Lucky Jon.

Analysts took the chance to gently honor the Sun founder:

"McNealy was a hero in the late '90s, but he's a goat today.''

"This goes to show how unhappy folks were with Scott,'' Enderle said. "This is a company that's damaged property.''

So Scott's not headed to any other C-level spots soon. But the way Scott talks, he'd have a great career in PR. And he's finally free to blog.

Sun Founder McNealy to Step Down as Losses Mount [Bloomberg]
Earlier: Sun's Scott McNealy joins the So Out Club [Valleywag]