QLogic Corp. announced that it has entered into a definitive agreement with Marvell to divest its hard drive and tape drive controller businesses for $225 million (80% stock, 20% cash), with the deal expected to close within 60 days. QLogic said the business has been impacted by inconsistent demand from Hitachi Data Systems Inc., which was mired in product quality issues in late 2004 and through the first half of 2005. In addition, a technology transition at Fujitsu had also challenged investor perception of the stability of QLogic's hard drive controller business.
Separately, the company announced a $350 million stock repurchase authorization for the next two years. After repurchasing $55 million of common stock in the June quarter, the company completed its previous $200 million authorization.
DataCore, emBoot partner on iSCSI DataCore Software and emBoot Inc. announced a combined solution that enables administrators to use DataCore's SANmelody and SANsymphony software and emBoot's netBoot/i software to allow Windows servers to remotely boot off an iSCSI IP SAN using any standard Ethernet network interface card -- eliminating the requirement for local, internal disk drives.
Brocade improves SAN school Brocade Communications Systems Inc. announced enhancements to its Certified SAN Manager curriculum to address technology advances in storage networking.
Xiotech touts customer wins Xiotech Corp. claims it has landed over 100 new customers in the past few months for its Magnitude 3D family of storage arrays. Xiotech's new customers include: Argosy Gaming, Capital Metropolitan Transportation Authority, Despatch Industries, McKinstry, Minneapolis Community and Technical College, Ozarks Technical Community College, Saint Paul Public Schools, Southern Motor Carriers, Tishman Realty and Construction Co., USAID Development Information Services, Vestcom, Wireless Generation and WorkflowOne.
Maxtor to integrate Mediabolic software Maxtor Corp. announced it will integrate Mediabolic Inc.'s Media Server software into the Maxtor Shared Storage Plus, a consumer/small office, home office-targeted NAS device.
In a related announcement, Maxtor unveiled the new Shared Storage Plus, a three-in-one network drive that provides shared storage, data backup and media streaming. When connected to a home network, the Maxtor Shared Storage Plus drive acts as a media server for digital entertainment, providing the ability to stream photo, music and video files to multiple, connected entertainment devices throughout the network.