Yes. Not so much particular qualities of Java, but that for several critical years in the 90s they focused on Java as if it was going to save them (to the point of changing their stock symbol) and ignored glaring fundamental flaws in their business model.
After the recent high-profile scandals Sun ought to be flogging SunRays to the UK govt. like hotcakes. That alone could save them, and I'll take Sun over EDS any day of the week for my taxes thankyou very much.