Java is often cited as being more portable than other, say compiled, languages as the executable can be run on any platform with a JVM. But code written in C can be run on any platform with a C compiler.
So, naively, there are two alternatives: make lots of different compilers for lots of different platforms and transfer source code over a network for say an applet, which is compiled client-side; or make lots of different virtual machines to run on lots of different platforms and transfer the same, executable program or applets over networks.
Why is the latter better? I can see how server-side compilation is desirable, but I feel there is more to it than this. I can appreciate that it was less work for Sun Microsystems to create JVMs for many platforms than compilers for many platforms, but this surely wasn't the major motivation.