According to the JVM spec (section 4.6), the access_flags on static initializers
are ignored. However, the java.io.ObjectStreamClass.computeSerialVersionUID
method in JDK1.1.8-K (and earlier) treats <clinit> as a regular method, and so
incorporates its modifiers into the SHA-1 computation.

Java 2 assumes that the modifiers are STATIC. Consequently, any class whose
<clinit> access flags are not equal to STATIC will have serialVersionUID computed
differently on JDK1.1.x than on Java 2. (For instance, a customer has produced
a class file with access_flags equal to STATIC+PUBLIC.)

The two releases should compute the same value for the same class file. According
to the spec, the access flags in question are ignored, so Java 2 is correct to
ignore them and JDK1.1.x is in error for not doing so.