StorageTek profit down on acquisition charge Storage Technology Corp. (StorageTek) announced its second quarter 2005 net income fell $31.2 million, or 29 cents per share, from $35.6 million, or 32 cents, the year before. The loss reflects a pretax adjustment of approximately $5.2 million for costs related to the proposed merger with Sun Microsystems Inc. Revenue for the second quarter of 2005 was $549.3 million compared to $516.6 million for the second quarter of 2004. Total tape revenue was up 13% compared to the same period last year, and up 14% from the first quarter. On June 2, 2005, Sun and StorageTek announced that they entered into a definitive agreement under which Sun will acquire StorageTek for $4.1 billion in cash. The proposed merger remains subject to clearance under the European Union merger control regulation and approval by StorageTek stockholders at a special meeting of stockholders scheduled for Aug. 30, 2005, in New York City.
IBM exec leaves amid reorganization John Joyce, a 30-year veteran of IBM, who once served as its chief financial officer,
HP to resell Spare Backup Hewlett-Packard Co. (HP) announced today that it intends to resell Spare Backup Inc.'s online automated backup service through its Web site as early as next month. Two months of free service will also be provided as a special promotion to customers who purchase selected hardware and peripherals through the HP site. The Spare Backup service backs up individual desktop and notebook computers and normally costs $15.99 a month. HP will offer discounted plans of six-months, one-year and two-years prepaid service. All of the Spare Backup service plans include up to 5 GBs of secure, remote storage.
Intransa wins IP SAN patent Intransa Inc. has been issued a U.S. Patent for Distributed iSCSI and SCSI targets, a key element in its IP SAN network products. Intransa's U.S. Patent (#6915354) describes its method and apparatus for distributing iSCSI and SCSI targets. The patent includes 35 claims, including the initiator's role in the distribution and order of the SCSI commands, and target storage processors as proxies.
Fastora, NorthSeas team up on e-mail E-mail archiving vendor NorthSeas Advanced Messaging Technology has announced a new partnership with NAS maker Fastora. The deal will integrate NorthSeas' Guard E/N appliance into Fastora's NAS appliances.
Princeton Softech offers secure database archiving Princeton Softech released new software today for information governance. The new Archive for DB2 and Relational Tools Release 5.4 is compatible with IBM TotalStorage DR550 for long-term retention of data. Additional product enhancements optimize batch performance and facilitate the discovery of archived data.
AppIQ adds customers AppIQ Inc. has posted its sixth consecutive quarter of revenue growth in its second fiscal quarter ending June 30, 2005, the company said today. Revenue increased 85% over Q2 2004, and the storage software firm added 70 new customers, bringing its worldwide customer base to 250.
Montilio adds channel partners Montilio has added Condre Storage Inc. of Eden Prairie, Minn. and SST Group of San Jose, Calif. to its list of channel partners for its RapidFile a plug-in PCI card for servers. Both integrators target resellers and end users in markets like financial services and health care and configure an overall storage architecture for their clients.
Kashya signs new APAC partner Kashya Inc. has signed a deal with Asia-Pacific integrator Pacific Advantage to resell its KBX5000 data replication appliance. Kashya already has deals with several Asian companies, including Netcom, Systex, Beijing SOUL and Beijing Data Store.
Charter to resell EVault Charter Business, a unit of Charter Communications Inc., will resell EVault Inc.'s online backup and recovery service, the companies announced today. Charter will offer the service as Charter Business VaultWorks to its small and midsized business customers beginning immediately.
Western Digital releases new SATA drives Western Digital Corp. introduced SATA hard drives for servers and NAS. The WD Caviar RE2 (RAID Edition) 400 GB hard drives are rated at 1.2 million hours mean time between failures, use Native Command Queuing , a 16 MB cache and 8.7 milliseconds average seek time. The Caviar RE2 is supported with a five-year warranty.
LSI Logic ships more SAS LSI Logic Corp. announced that its SAS1068 and MegaRAID serial-attached SCSI (SAS) adapters, Software RAID-5 and Raid on motherboard products have been sent to Fujitsu Siemens Computers to be included in next-generation Primergy server platforms. The company has also shipped SAS components to HP.