STORAGEsearch - news
2001, July - week 2, news archive
- Venture funds in storage - in the 21st century
July 13, 2001 Infineon Technologies AG (FSE/NYSE: IFX) today
announced the sale of 52,174,000 newly-issued shares (in the form of shares or
American Depositary Shares ("ADSs")) at a price of Euro25.00 per share
and US$21.33 per ADS. The shares have been issued by Infineon from its
authorized capital in a capital increase without pre-emptive rights. No shares
were offered by any of Infineon's existing shareholders. The underwriters have
an option, exercisable prior to August 12, 2001, to purchase an additional
7,826,000 shares solely to cover over-allotments.
The offering was made in simultaneous public offerings in Germany and the United States and a private placement to international institutional investors in the rest of the world. Infineon's shares are listed on the Frankfurt Stock Exchange and its ADSs are listed on the New York Stock Exchange.
The company intends to use the net proceeds of approximately Euro1.271 billion (US$1.085 billion) resulting from the offering to fund future capital expenditures and potential acquisitions, to repay short-term debt, and for working capital and other corporate purposes. Goldman Sachs acted as the Global Coordinator for the Offering. ...Infineon Technologies profile
July 12, 2001 Reston, VA WQuinn announced that Software Magazine has named WQuinn to its 19th annual Software 500 ranking of the world's 500 largest software companies. Reporting 34.6% annual revenue growth in 2000 versus 1999, WQuinn had the third highest worldwide software sales growth rate among all of firms focused on storage management, including EMC, Legato Systems, OTG Software, StorageNetworks, and others. WQuinn also ranked in the top ten fastest growing firms located in the Dulles Technology Corridor of Northern Virginia, among companies such as WebMethods and MicroStrategy.
"Having our expansive base of over 3,500 customers in 50 countries provides WQuinn with a competitive advantage that translates into customer-driven solutions to meet today's enterprise-class storage management challenges," states Najaf Husain, WQuinn's president and CEO. "Being named the third fastest growing firm in our space is a testimony to our ability to satisfy those requirements with our proven, patented technologies." ...Software Magazine web site, ...WQuinn profile
CAMPBELL, Calif., July 12, 2001 - SAN Valley Systems, a leading provider of wire-speed IP-SAN connectivity solutions announced today that it has joined the Brocade Fabric Threads Developer Program. The Brocade Fabric Threads Developer Program is designed to provide SAN hardware and software developers with the tools and resources to successfully leverage the intelligence in Brocade SAN infrastructure to create products and applications that interoperate in Brocade-based heterogeneous storage networks. Brocade Fabric Threads Developers include leading providers of SAN hardware and software solutions that use the Brocade SAN infrastructure to facilitate interoperability in multi-vendor storage environments. ...Brocade profile, ...SAN Valley Systems profile
IRVINE, Calif. - July 12, 2001 - Quantum|ATL today announced availability of Super DLTtape(TM) drives with its M1500 enterprise-class library, a best-in-class library that leads the industry in modularity, scalability, availability and density. Super DLTtape drives build on the successful DLTtape platform, offering nearly three times the capacity and nearly twice the speed. The first version of the new technology, the SDLT 220 tape drive, offers 110 GB of native storage capacity per cartridge and an 11 MB/second sustained native data transfer rate. The SDLT 220 tape drives are available in the M1500 with Ultra2 SCSI LVD interfaces.
The modular M1500 library, introduced in February, is designed for Global 2000 and e-commerce 100 companies. Using an independent element called StackLink, cartridges can be moved from one module to another in seconds, completely transparent to the data application, so multiple modules act as a single, larger integrated library. In addition, customers can add modules on an "as-needed" basis, even while the system remains online, allowing them to scale library capacity and performance as their backup needs grow. The M1500 also has the highest volumetric efficiency in its class. Using SDLT 220 tape drives, a single M500 library can store up to 4.4 TB with performance ranging up to 158.4 GB/hour. A fully expanded library using ten modules can scale up to 44 TB and throughput demands up to 1.6 TB/hour (all specifications assume 2:1 data compression).
"Data needs have exploded in the last several years, driven by the incredible growth of the Internet," said Scott Maccabe, senior vice president of sales, marketing and service for Quantum|ATL. "Quantum is enabling companies to keep pace with this unprecedented growth by offering next-generation Super DLTtape drives with increased speed and capacity, within the same footprint, and with the same reliability customers have come to expect from Quantum|ATL."
The M1500 with Super DLTtape is available immediately, with a manufacturer's suggested list price starting at $23,240 for a single drive unit. ...Quantum|ATL profile
Austin, TXJuly 12, 2001 Crossroads Systems, Inc. (NASDAQ: CRDS) today announced a workforce reduction. In order to reduce its operating expenses, the company has eliminated approximately 10 percent of its workforce, or approximately 20 employees, through realignment and consolidation of its current organization. No software or hardware engineering positions were affected in its core router business unit.
Crossroads' President and Chief Operating Officer Larry Sanders said, "We believe that this action is a prudent cost reduction measure taken in response to the current uncertain economic and market environments. It was imperative that we lower our break-even point in order to reinforce our commitment to achieving profitability." ...Crossroads Systems profile
Editor's note:- it's hard to think of a US IT company which hasn't announced at least one round of layoffs this year, so you may ask why we still report them as news? Well, Crossroads Systems is a manufacturer in the storage switch/router market, which until recently, was still projected to be one of the fastest growing segments in a storage market, which while creaking, has still been growing. So does that mean users are going to try and save money by tweaking old technology to do new things? Yes, I think that's what happening... we're getting huge numbers of readers to our iSCSI index, and it's not due to typo's, because the SCSI page is nowhere near as popular. Since every large company has already got more (Cisco) IP routers than it knows what to do with, and masses of internet connectivity, I'm guessing that in 3 months time you're going to see market reports which say that iSCSI has accelerated faster than people expected, because users don't have to invest so much in new hardware. It's not so fast, but it will do the job. Watch this space.
Munich, Germany, Eindhoven, Netherlands and Geneva, Switzerland, July 12, 2001 - In a move aimed at accelerating the use of 'lead-free' packages and stimulating the further development of 'lead-free' technologies, Infineon Technologies, Philips Semiconductors, and STMicroelectronics Europe's three largest semiconductor manufacturers today unveiled their proposal for the world's first standard for defining and evaluating 'lead-free' semiconductor devices. The initiative shows the three companies' commitment to work towards the elimination of lead (Pb) in electronic systems to improve environmental protection, e.g. in recycling or disposal processes of electronic devices. Starting in February 2001, the three companies have developed the proposed standard, which provides a common definition of 'lead-free' and assesses factors such as solderability and reliability of alternative materials. ...Infineon Technologies profile
SAN DIEGO, Calif. - July 11, 2001 - nStor Technologies today announced a new distributor agreement with Distributed Network Services Pty. Ltd. (DNS), one of Australia's leading enterprise storage and backup integration companies. DNS will offer the NexStor family of Fibre Channel and SCSI storage systems to vertical industries in the Australian market, including telecommunications, pre-press, financial, education, and video editing.
"In our comparison testing, we found that the NexStor storage solutions offered the same features and capabilities of an EMC system for a significantly lower cost," said Jon Maratos, Managing Director, DNS. "NexStor also outperformed Compaq's systems in several key areas. Loaded with features that contribute to ease of implementation, full redundancy, high density, and high scalability, the NexStor storage solutions truly represent a value-laden offering to the markets we serve. In addition, the levels of service and support from nStor have been exceptional. We have been working with nStor for over 12 months already, and it is great to finally sign a formal agreement with them."
"This agreement with DNS is one of several recent advances nStor has made in the Asia Pacific region," said Fahim Ahmed, Director of Asian Operations, nStor Technologies. "We have been rapidly expanding our indirect sales channels in this area. The addition of DNS as a distributor should successfully proliferate the presence of NexStor solutions in the key Australian market." ...DNS web site, ...nStor profile
Mountain View, CA, July 11, 2001- Legato Systems, Inc. (NASDAQ: LGTO) today announced that it has signed a definitive agreement to acquire, through a $12.5 million all-cash transaction, privately-held SCH Technologies, headquartered in Cincinnati, Ohio. The acquisition has been approved by the boards of directors of each company. Legato expects the transaction to close next week, subject to various conditions.
"Legato and SCH Technologies products and sales channels are highly complementary," said David B. Wright, CEO and chairman of the board of Legato Systems, Inc. "These newly combined resources and talents will allow us to reach new customers and to expand the technologies currently offered to our customers." ...Legato Systems profile
AUSTIN, Texas - July 10, 2001 - Lane15 Software, a leading developer of InfiniBand Management software, today announced Mike Fitzpatrick as chief financial officer (CFO). In this role, Fitzpatrick is responsible for the finance and administrative functions of Lane15, including budgeting, accounting, auditing and purchasing. He reports to Alisa Nessler, president and CEO of Lane15.
"Mike is a valuable addition to the Lane15 senior management team," said Alisa Nessler, president and CEO of Lane 15 Software. "His experience with venture funding, initial public offerings and secondary stock offerings made him the ideal candidate to help us build a solid financial foundation for the company."
Fitzpatrick brings more than 20 years of finance experience to Lane15 Software. Previously, he has served as the CFO for several companies including ibooks.com, an Internet start-up company; Collective Technologies, a $55 million computer professional services firm; TechWorks, a $120 million computer peripheral company; and Frame Technology, a computer software company. At Frame Technology, Fitzpatrick successfully managed the company's initial public offering. ...Lane15 Software profile
MILPITAS, Calif., July 10, 2001 - Eastman Kodak Company and LSI Logic Corporation today announced an agreement to promote new capabilities that will enable photo-sharing through television sets using DVD players. The agreement, originally signed by LSI Logic's recently acquired C-Cube® Microsystems, a leader in integrated processors for the DVD market, will allow consumers to view their digital pictures from a Kodak Picture CD directly on their TV - without ever touching a computer.
Together, Kodak and LSI Logic will offer consumers yet another way to further enhance the way they use and share their pictures, bringing the benefits of digital photography to the mass marketplace. Through this agreement, the companies will offer the Kodak Picture CD service to consumers via DVD players and devices that carry the "Kodak Picture CD Compatibility Mark." Consumers will be able to simply place a Kodak Picture CD in their DVD player and instantly view their pictures on a television set in their living room.
"This technology is a key step toward bringing digital photography services to the family room, where most people want to view their pictures," said Dan Palumbo, president Consumer Imaging and senior vice president, Kodak. "The combination of Kodak's comprehensive digital imaging products and services, and LSI Logic's integrated digital video solutions promises to expand the benefits of digital photography and services and broaden Kodak's reach to the consumer electronic market."
Kodak and LSI Logic's initiative will be the latest move in the infoimaging industry, which is driven by the convergence of images and information technology. ...Eastman Kodak profile, ...LSI Logic Corporation profile
SAN DIEGO, July 10, 2001 - Zzyzx Peripherals, Inc today announced the successful achievement of a Grade A, Class II shock certification in accordance with MIL-STD-901D for its RuggedRAID FC fibre channel storage array and ruggedized high availability SAN solution. Working in a joint effort with SPAWAR and Science Applications International Corporation's (SAIC) Information Systems Integration Division in Sterling, VA, Zzyzx has developed a SAN centered on its innovative RuggedRAID FC for a program sponsored by the NAVSEA Undersea Warfare Center Division, Newport RI. In addition, Zzyzx' ruggedized SAN solution includes industry leading networking and software components from Qlogic Corporation and VERITAS Software Corporation and is backed with a comprehensive warranty and support package that ensures interoperability and full life cycle support.
"Our RuggedRAID development efforts have been focused on bringing best-of-breed technologies found in commercial applications to government agencies with a high availability requirement," said Chris Paradis, director of channel sales at Zzyzx. "By combining our expertise in Fibre Channel storage systems and our commitment to their ruggedization, we have been able to provide a level of fault tolerance not usually associated with military or industrial-grade configurations."
Zzyzx RuggedRAID FC The RuggedRAID FC is a COTS full Fibre Channel based RAID system designed for use in the harsh computing environments found in military and industrial applications. ...Zzyzx profile
LIGHTWATER, UK 10th July, 2001 MaxOptix Corporation today announced that it has been chosen as the preferred vendor of Linear Tape Open (LTO) tape libraries and loaders by NCE Computer Group (Europe) Ltd, a premier global supplier of hardware, software, services and integrated solutions for network management. NCE will resell the full line of MaxOptix LTO-based solutions throughout the UK. NCE's adoption of MaxOptix LTO product line represents a move away from automated solutions offering older tape technologies with limited growth paths to a high-performance, ultra-capacity technology designed to handle the massive data loads of today's storage-burdened IT enterprises. ...Maxoptix profile, ...NCE Computer Group profile
Bothell, WA, and Lawrence, MA, July 10, 2001 - Vixel Corporation and RAID, Inc. today announced a partnership under which RAID, Inc. will integrate and sell Vixel's full line of switch and hub products with their high availability storage solutions. In addition, RAID, Inc. will qualify Vixel's new 9000 Series 2 Gigabit per second Fibre Channel switches for inclusion into their cache of customized storage solutions.
RAID, Inc.'s base of customers includes some of the largest corporate, educational and government entities spanning all 50 states and Canada. RAID's unique approach to providing dedicated solutions sales and services teams focusing on the needs of these three sectors has built client relationships with organizations such as PeopleSoft, Oracle, John Hopkins University, Allied Signal, the US Air Force, NASA, Yale and GTE.
"This new relationship with RAID, Inc. underscores the performance and value proposition associated with Vixel's products," said Beth White, vice president of marketing for Vixel Corporation. "RAID's Xanadu SAN and Cobra Family solutions exemplify the application of SAN technology at its best. We're looking forward to integrating our advanced interconnect products into their storage solutions and contributing to their ongoing success."
"We are excited to enter into a partnership with Vixel. The partnership addresses the importance of fulfilling our constant search for partners who will provide us with an exemplary product that meets our stringent "best of breed" criteria," said Jim Walls, vice president of operations for RAID, Inc. "Vixel's advanced interconnect products are impressive and will definitely impact our future success." ...RAID profile, ...Vixel profile
LUMBERTON, NJ, JULY 10, 2001 - INRANGE Technologies (Nasdaq: INRG) announced today that in less than one year after its initial public offering (IPO) the company has been listed in the Russell 3000 Index, a financial indicator which ranks the largest companies in the U.S. stock market by market capitalization. A technology solutions provider to Global 2000 businesses for more than 30 years, INRANGE completed its IPO on September 21, 2000. Focusing its product development on one of Information Technology's hottest market sectors - storage networking - and riding the strength of its IN-VSN brand of Open Storage Networking solutions, the company has recorded, consecutively, its best ever third, fourth, and first quarter revenues.
"The most recent Russell Index rankings validate the success we have achieved since our IPO," stated INRANGE CEO Greg Grodhaus. "Our pledge is to build upon this momentum and continue to create value at every opportunity for our customers, partners, and shareholders alike."
The Frank Russell Company rebalances its 21 U.S. stock indexes annually. Its indexes are recognized for providing the truest reflection of stock market activity and performance. ...INRANGE Technologies profile
Editor's notes:- INRANGE also got a mention in our Fastest growing storage companies list earlier this year, and gets a few mentions in our Acquired companies directory - because they have acquired a lot of other storage companies.
Boulder, CO - July 9, 2001 - Ecrix Corporation today announced it will be a supplier for the Intel® Business Advantage Portal. This B2B e-marketplace provides Ecrix Corporation efficient access to approximately 10,000 Intel Product Dealers in North America. Intel created the Intel Business Advantage Portal to make it easier for Intel Product Dealers to offer their customers more complete PC and server solutions and achieve cost efficiencies.
"We are very excited to work with Intel. This will bring our tape storage solutions to the growing number of Intel Product Dealers," stated Bill Almon, Jr., vice president of sales and marketing for Ecrix Corporation. "The VXA-1 tape drive gives Intel's Product Dealers a strong price-performance advantage as well as the flexibility of multiple interfaces, including IDE/ATAPI and SCSI, for today's mixed computing environments. VXA-1 also offers a strong future roadmap unlike DDS/DAT tape drives, which are at the end of their lifecycle."
The Intel Business Advantage Portal offers discounts on components and solutions such as software, hardware, peripherals, Internet access, and e-Commerce services, and displays suppliers' offers in an e-marketplace. By participating, Intel Product Dealers are able to receive rebates and commissions on the e-Business suppliers' services and product offerings they sell to their customers. ...Ecrix profile, ...Intel profile
BOULDER, CO, July 9, 2001 - Exabyte Corporation announced today the availability of its EZ17-A autoloader with AIT-2, bringing the ease and convenience of simple, affordable, unattended backup to entry-level storage applications.
"By reducing the amount of manual intervention required in standard, single-drive backup applications, the EZ17-A provides the highest capacity, most affordable entry-level AIT backup solution," said Peri Grover, director of product marketing for libraries at Exabyte. "It allows network administrators and IT professionals to dedicate costly resources to more productive activities, while the EZ17-A completes daily, weekly and monthly backups reliably and without expensive and fallible human intervention."
The EZ17-A's seven-cartridge capacity allows for a full week of unattended backup. Occupying just five units of rack height and less than one cubic foot, the autoloader is compact enough to be easily stored on a desktop, on top of a server or in a data center rack. A removable cartridge magazine makes it easy to load, unload and transport data cartridges. An easy-to-use menu guides users through setup, configuration, diagnostic and status activities. Exabyte is the first company to bring a high-capacity AIT autoloader to market, providing users with an automated storage solution which offers a 70% lower cost per GB than standalone tape drives.
The EZ17-A accommodates one AIT-2 tape drive and seven cartridges, and has a native capacity of 350 GB (910 GB compressed*) and native data throughput of 21.6 GB/hour (56 GB/hour compressed). With a list price of $6899, the EZ17-A brings users AIT-2 automation at half the cost of other AIT libraries. General availability is scheduled for the end of July 2001. ...Exabyte profile
July 09, 2001 - Milpitas, CA - DISC, INC. (NASDAQ Symbol: DCSR) today announced it has signed a definitive agreement to acquire all of the outstanding shares of NSM Storage GmbH, a manufacturer of CD and DVD library systems. Under the terms of the purchase agreement, DISC will acquire all of the outstanding shares of NSM in exchange for up to 1.2 million shares of DISC common stock. The formal closing of the acquisition will occur in approximately four to six weeks, upon the fulfillment of certain conditions precedent set forth in the purchase agreement. The acquisition will be accounted for as a purchase. NSM will become a wholly owned subsidiary of DISC and will continue to serve their existing markets from its existing facilities in Bingen, Germany.
This transaction aims to enhance a mutually held strategy of DISC and NSM to deliver storage solutions for a fraction of the total cost of RAID and to provide enterprise storage solutions for today's enterprise networks for less than 2 cents per megabyte. J. Richard Ellis will continue to serve as President and CEO of DISC. Wilfried Beckmann, managing director of NSM, will remain managing director of NSM, and will become a Vice-President of DISC.
The merger of DISC and NSM will give their combined customers a line of NearLine storage products encompassing both the DVD-RAM and Magneto-Optical storage technologies. Historically, NSM has focused on the CD and DVD library market and DISC has focused on the larger capacity, high-end Magneto-Optical market. In addition to an expanded product offering, the combined company will have manufacturing, sales and customer service in the United States and the European Community, the two geographic markets that account for 85% of all IT purchases worldwide. NSM will continue to serve the market needs of the European Community, and DISC will serve the needs of the North American market. As a combined entity, NSM and DISC will also expand their existing relationships in the international marketplace outside Europe and North America. ...DISC profile
PHOENIX, AZ. July 9, 2001 - Adtron Corporation adds DAT (Digital Audio Tape) emulation to its full line of SCSI interfaced storage products. The solid-state Adtron DAT emulation technology operates with their SCSI PC Card drives and Flash drives to provide true form-fit-function drop-in replacement for SCSI DAT drives. Adtron's streaming data SCSI command set delivers consistent system operation and can be factory configured to meet system specific operating parameters. The target applications for this product use DAT drives in environments where shock, vibration, temperature, rotational motion, and long term operation cause tape-based systems to fail. These applications include airborne surveillance, telecommunications controllers, pipeline inspection tools, and data recorders.
Alan Fitzgerald, President of Adtron stated, "One telecommunications equipment manufacturer recently converted to all solid-state storage because the disk drive was the least reliable component in their system, and the DAT was the next least reliable component."
The SCSI DAT emulation operates as both removable and fixed, with capacities ranging from 64 Mbytes to 14.3 Gbytes in commercial (0 to 60 ºC) and enhanced (-25 to +75 ºC) temperature ranges. These products have been qualified under MIL-STD-810F for jet aircraft and helicopters and other applications that must operate in high shock and vibration environments. Additional characteristics include easy firmware upgrade for the addition of new features, 0 dB sonar signature for submarine systems, low power and 5 VDC only operation for mobile applications. The DAT emulation is a no-cost option when ordered with the purchase of a specific Adtron storage system. Like the other disk emulation packages, DAT emulation is supported through the standard Adtron annual support and upgrade program. ...Adtron profile
LOWELL, MASS., July 9, 2001 The North American storage service provider (SSP) market will grow from $176 million in 2000 to over $6 billion in 2004, according to Dataquest Inc., a unit of Gartner, Inc. The SSP industry was bracing for even stronger growth, but the recent failures of many dot-com companies, among other factors, has lowered expectations.
"Many SSPs viewed dot-com organizations as among the most likely candidates for storage utility services because they frequently came to market with little or no infrastructure and even less IT talent," said Adam Couture, senior analyst for Gartner Dataquest's IT services worldwide group. "Although the adoption rate of outsourced storage services and storage utility has slowed, this market still has a very large opportunity," said Couture. "Driven by customer requirements, investor demands, new technologies and an uncertain economy, SSPs are refocusing their strategies and offerings to adjust to the new realities of delivering outsourced storage services."
The market will also be impacted by SSP saturation. Competitors have quickly jumped into this market. While a raft of new providers should mean more sales, a good number of them are going to fail which could spook potential customers. With the large number of new SSPs, there has been an early commoditization of the market, which has meant lower prices for storage utility services. Most early penetration of the storage utility market will take place at Internet data centers, colocation centers, such as Exodus and Level3, and hosting data centers, such as Digex and Interia. In 2000, storage utility penetration of corporate data centers was $32 million, and it is not expected to exceed $1 billion until 2003. By contrast, storage service revenue generated through Internet data centers is expected to climb to more than $800 million by 2002.
"The reason for the disparity is that e-commerce and e-business customers hosted at Internet data centers will embrace the storage utility model before corporate data centers," said Couture. "Also, SSP offerings from telecos are anticipated to begin making a strong contribution to Internet data center revenue. By contrast, much of the growth at corporate data centers will be driven by storage management services on client-owned storage hardware." ...GartnerGroup profile
Sunnyvale, Calif. - July 9, 2001 - Oak Technology, Inc. announced today that it has acquired Accel Technology Ltd., an Osaka, Japan-based design engineering firm that focuses on turnkey CD-RW, and DVD Recordable drives for PC and consumer use. Oak has used Accel's design services since Accel was founded in 1995. The acquisition expands Oak's global design capabilities for optical storage and allows Oak to more quickly introduce turnkey products to the PC and consumer markets.
Under the terms of the acquisition, Oak will purchase all outstanding shares of Accel Technology Co. Ltd. Accel will become a wholly owned subsidiary of Oak technology and will be integrated into Oak's Optical Storage Group (OSG). Accel will continue to operate under the Accel Technology name, retain its existing customers, and be guided by Accel president Masaharu Morishima, who will become vice president of the Accel Technology Division within OSG.
"This acquisition is part of our ongoing initiative to maintain our leadership position in the CD-RW drive controller market, as we expand into other optical storage markets, including DVD recordable solutions," said Young Sohn, president and CEO of Oak Technology. "The acquisition allows us to compete more effectively in turnkey market segments and to better service our current and future customer base by building a global network of design centers. Accel's turnkey designs will enable us to ramp more quickly in the DVD recordable segment and participate in the important Japanese DVD player market through Accel's established customer base. The addition of Accel's experienced optical storage design team to our Optical Storage Group will also be a strategic advantage as we continue to develop new CD-RW and DVD recordable solutions for the PC and consumer markets."
Oak's Optical Storage Controller Technology Oak, founded in 1987, has established a leadership position in the optical storage segment. The Company is recognized as one of the leading suppliers of optical storage controllers, having sold more than 130 million optical storage controllers to date. The Company's recent product development efforts in the area have focused on emerging segments, such as CD-RW and Combo drives as well as DVD recordable solutions. ...Oak Technology profile
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