STORAGEsearch - news
2001, September week 3b, news archive
- The 10 biggest storage companies in 2003
|Hoboken, N.J., September 21, 2001 - In response to
the recent World Trade Center and Pentagon tragedies, NSI Software, a
leading developer of data replication technologies and services, activated its
Data Protection Support Center for New York City and Washington, D.C. customers
who were affected. Data protection experts are available 24x7 to help
customers access their mission-critical data and begin rebuilding their data
protection infrastructures so America's businesses can continue to grow and
thrive. For assistance, NSI Software's New York City and Washington, D.C.
NSI Software's certified data protection consultants are continuing to work 24x7 with customers affected by the September 11th tragedy, including many large financial institutions that use NSI Software's product to replicate data to off-site locations. NSI Software is focused on supporting customers' data protection efforts, conducting damage assessments and beginning the rebuilding process. ...NSI Software profile
SUNNYVALE, Calif., September 20, 2001 - SST (Silicon Storage Technology, Inc., NASDAQ: SSTI)today announced that its Board of Directors has authorized a stock repurchase program under which SST may repurchase up to an aggregate of $15 million of its common stock. Under the program beginning immediately, the repurchases may be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market. The repurchases will be funded from available working capital.
"I continue to have confidence in SST and our ability to develop quality product in support of our customers and target markets," said Bing Yeh, president and CEO. "We are comfortable with our ability to effect this repurchase program while maintaining appropriate levels of financial resources for research and development and other operating activities. We believe that this repurchase program is a wise investment and is in the best interest of our shareholders." ...Silicon Storage Technology profile
September 20 - 2001 - A consortium of data storage companies has announced it will be offering free data recovery services to businesses affected by the attacks on September 11th. Companies can request assistance, regardless of brands of hardware or software used, through a single 800 number (1-800-859-8559) or the web at www.recoverNYdata.com. The consortium is comprised of many companies in the storage industry including Overland Data, Exabyte, Qualstar, Quantum Tape and Quantum|ATL. The consortium is offering a range of products and services including loaner hardware and software, hotline support and equipment repair.
The events of September 11th have been etched upon the minds and hearts of people throughout the world. All of the consortium members wish to extend their deepest sympathies to those who lost loved ones, family members or friends at the site of these tragic attacks.
This group of storage vendors has years of experience in recovering lost data from a variety of storage media. Its members are very resourceful at diagnosing and repairing problems and getting companies back up and running. The consortium is very happy to extend their services to any of the companies affected by last week's events. A toll-free phone number has been established and technical support personnel stand ready to provide assistance, loaner equipment and services as needed.
See also:- Data recovery services
Editor's comments:- it's heartwarming to see how many computer companies have reacted to this tragedy and offered money, free equipment and services. If any more companies want to let our readers know what they're doing just email me a release with the details.
Hopkinton, Mass. - September 20, 2001 - EMC Corporation (NYSE:EMC) today announced it has acquired Luminate Software Corporation, a privately held software company based in Redwood City, California, in a cash transaction valued at approximately $50 million. Luminate develops performance monitoring software for storage-intensive applications and operating environments. Luminate is the seventh software acquisition EMC has made in the last 20 months.
In another release today, EMC commented on its fiscal third quarter outlook and its plan to reduce operating expenses. Joe Tucci, EMC's President and CEO, said, "EMC's position as the information storage market leader is extremely strong, but the current economic environment for technology expenditures is worsening globally. It is now clear that further weakening of the economy is causing major cutbacks in many of the industries served by EMC. The business world is simply covered in a blanket of hesitation. At this point in time, it is highly unlikely that EMC will break even in our fiscal third quarter. At our current expense run rate, breaking even would require approximately $1.8 billion in revenue this quarter."
Tucci said, "In response to this continuing economic deterioration, we are taking actions to reduce our overall operating costs. EMC's cost reduction efforts will be sweeping in scope, encompassing our workforce, real estate, certain inventories, and other areas." EMC expects to take a third-quarter charge in an amount still to be determined. EMC's worldwide workforce is expected to total approximately 21,000 by year-end, down from the current employee base of approximately 23,400. "This reduction will be especially difficult, as the employees who will leave are highly qualified, dedicated people," said Tucci. "The information storage industry will continue to be a strong, long-term growth industry, and EMC will continue to lead it. The employees impacted by this reduction will be treated fairly, and when the global economy finally turns around and we are able to resume our growth, we sincerely hope to be able to welcome some of the people who leave back into EMC with open arms."
Editor's comments:- it's possible that even if we didn't have the negative factors of the recession and war against terrorism operating on the economy today, that EMC would start to lose market share anyway, even in a growing IT market. $2Billion has been invested during the last 24 months into storage start-ups, many of which want to grab a slice of EMC's cake, and those new companies wouldn't be doing their jobs right, if EMC emerged unscathed. Also there are more than 200 established RAID companies, which have been nibbling away at EMC's potential customer base. The effect of any of these companies individually may be small, but if you add them together, the cumulative effect is significant. When the recession ends, EMC will find that its relative market position has worsened. But it will still be one of the top 10 storage companies for years.
September 20, 2001 - Ecrix Corporation is once again attending the Stockage 2001 Forum, at the Paris exhibition grounds, Porte de Versailles (Hall 7.1) from 25 - 27 September this year. The tape manufacturer, whose solutions are equally popular among the Mac user community, had also confirmed it would attend the Apple Expo until it was recently cancelled due to the events in the US. Product Marketing Director Mélissa Price and Bruno Stagnitto, head of Southern European Sales, will be present at Stockage 2001 exclusively to update visitors on the latest Ecrix news, including the recently announced merger with Exabyte, a major player on the mid-range storage market, the latest OEM agreement with Compaq for VXA-1 tape drives and a new VXA automated product announcement. The event also provides Ecrix the opportunity to update press on product developments with Ecrix's next-generation product, the VXA-2.
The family of Ecrix VXA products demonstrated at Stockage 2001 includes:
See also:- STORAGE trade shows & events
CARLSBAD, Calif.-Sept. 19, 2001-Dot Hill Systems Corp. today unveiled its new SANnet Axis, a family of innovative, self-contained appliances that add affordable intelligence to existing storage and network infrastructures. The result is an accelerated ROI, superior utilization of resources, simplified storage management, greater sharing of storage, IP network access to information, and secure information protection.SANnet Axis is a family of products available in several task-optimized models. These products are very compact, requiring just 1U of rack space once installed. SANnet Axis is designed for use in continuous computing environments, so it includes no moving parts other than redundant cooling fans and a CD-ROM drive for software updates.
As the first Dot Hill product offering that combines comprehensive advanced data center functionality with appliance-level simplicity, the SANnet Axis simplifies complex storage practices with its rich SRM suite, powerful logical volume manager (LVM) and advanced storage routing features. SANnet Axis' capabilities - such as point-in-time images, storage volume copies, real-time mirroring, serverless backup, remote replication and disaster recovery - introduce new information protection and business continuance alternatives to existing storage pools from any storage vendor including EMC, Sun, Compaq, and Hitachi Data Systems.
According to Jim Lambert, Dot Hill's chief executive officer, "SANnet Axis represents a new, expanded business direction for Dot Hill which complements the company's existing line of SANnet storage solutions. The move to develop innovative appliances such as SANnet Axis is a direct response to customers who prefer to leverage, rather than replace, their existing storage infrastructures to support new enterprise applications.''
In development for nearly a year, the SANnet Axis has been at beta sites for the past two months. Dot Hill works directly with beta site customers such as CASPUR, a prominent research consortium in Italy and Interactive Telesis, a voice services provider operating a state-of-the-art hosting facility in San Diego.
Every SANnet Axis provides a rich set of standard features, including SRM, LVM, virtualization, storage-to-IP network routing, point-in-time volume imaging ("snapshots''), a Web-enabled GUI and strong client-server security. All functions are performed directly by SANnet Axis - requiring no special assistance from storage, networks or servers - to preserve application performance. Several advanced SANnet Axis features are available as options. These include disaster recovery, remote replication, real-time mirroring, serverless backup, high availability clustering, volume copies, file services, NAS and more. All SANnet Axis features are factory installed and available for activation and deployment when the user needs them. Plus, SANnet Axis supports a risk-free trial period, so the options may be tested before purchase.
Seattle, WASH., Sept. 19, 2001 - YottaYotta announced today it has completed an impressive round of investments totaling $26-million with funds from key international players in storage, networking and software infrastructure. Investors in this round include:
"YottaYotta is very pleased to complete this financing with such high caliber investors given the current investment climate. We believe this is further confirmation of YottaYotta's disruptive technology and the confluence of storage and networks. YottaYotta's technology enables companies to be fully operational in real time from any location within the enterprise. These funds will further ramp our marketing and development efforts as YottaYotta approaches our upcoming product launch," said Steve Mattioli, President and CEO of YottaYotta. ...YottaYotta profile
Editor's comments:- we have been asked by readers to compile a directory of VC's who have invested in the storage market, because we already have this data scattered around our web site. It's coming, and will be a new index page on the site soon.
Aldermaston, September 19, 2001 Auspex Systems, Inc. this week released a free 61-page report designed to help enterprises plan their data storage strategies. Available for download at the above link, the second edition of the company's Storage Architecture Guide provides in-depth technical and business benefits discussions of the differences between Direct Attached Storage (DAS), Network Attached Storage (NAS) and Storage Area Networks (SAN). The report also covers the latest issues in enterprise data storage. Topics new to this edition include:
Editor's comment:- Over 14,000 readers saw a truncated html version of the original report which appeared on the STORAGEsearch web site last year by permission of Auspex Systems. We're talking to them about doing something similar with the new version, but it will take a couple of weeks. If you're in a hurry, you can go to the Auspex web site now and sign up to access the full pdf.
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