This comes after years of speculation, which has mounted since the fabled Silicon Valley server company seemed to run out of gas. We had to pinch ourselves, but there it is right on the Internet: Sun changes its management bio web page to put Jonathan schwartz in number one position as pres & ceo, with Scott Mcnealy demoted to second place as chairman.

Update: The Merc’s story Wednesday about Schwartz, and how he does not plan to cut jobs as deeply as some on Wall Street are calling for.

Update II: The Merc’s original story Tuesday about the stepping down.

Update III: Our colleague Langberg on how McNealy lost credibility.

Update IV: Here’s a video of a noteworthy retrospective event, held in Mountain View in January by the four founders of Sun.

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