Symantec Corp. said it will contest a claim by the Internal Revenue Service (IRS) that it owes $1 billion, most of it related to the Veritas acquisition for more than $10 billion last July. In a regulatory filing, Symantec said that it received a notice of deficiency from the IRS claiming it owes $900 million in back taxes, as well as interest and penalties, based on an audit of Veritas. Symantec said it plans to file a petition to the tax court protesting the assessment. The news was still bad for Symantec on the stock market, where its shares have dropped 40% since the announcement of the Veritas acquisition in December 2004; shares fell a further 2.6% based on the IRS news.
Mimosa links up with Centera
E-mail archiving maker Mimosa Systems Inc. announced it will promote the combination of its NearPoint for Microsoft Exchange, with its new Compliance Storage Option and the EMC Centera Compliance Edition Plus. The joint product will be targeted to highly regulated customers in the financial and healthcare industries.
EMC climbs in Mountain Hot Tub
EMC announced that Mountain Hot Tub of Bozeman, Mont., used its EMC Retrospect backup and recovery software to avert disaster during a hardware failure. Excalibur, a systems integration firm, used Retrospect to restore Mountain Hot Tub's sales, accounting and customer information after a RAID server failed and RAID metadata was lost.
Nanochip develops removable storage chips
Nanochip Inc., announced that it has secured $10 million of a $15 million Series C financing round, which will fund its development of a new class of ultra-highcapacity removable storage chips. These new chips -- with bit densities enabling the storage of tens of gigabytes per chip -- use a nano probe array technology that goes far beyond the expected limits of conventional lithography used in present semiconductor memory chips.
Incentra acquires NST
Business continuance/disaster recovery services provider Incentra Solutions Inc. announced that it has acquired, for a combination of cash, an unsecured promissory note and common stock, privately held NST Inc. of Lombard, Ill. NST provides storage, networking and security systems integration, and professional services in the greater Chicago area. NST will operate as a wholly owned subsidiary of Incentra Solutions and continue to be managed by its president, Joseph Graziano, who will report directly to Incentra Solutions president and chief operating officer, Shawn O'Grady. NST will continue to be based in Lombard.
Incentra has opened seven new markets in the past five quarters, including Seattle; Portland, Ore.; Boise, Idaho; San Diego; Orange County, Calif.; Las Vegas; and Chicago. The company also expects to increase its sales and engineering head count in London, the Bay Area of California, Denver and Dallas.
LTO4 will be encrypted, developers say
HP, IBM and Quantum, the three technology provider companies for the Linear Tape-Open (LTO) program, announced plans to include encryption capabilities in LTO Ultrium generation 4 specifications, slated for release later this year.
In addition to the planned encryption capabilities, the LTO Ultrium generation 4 roadmap calls for cartridge capacity to reach up to 1.6 terabytes and data transfer rates of up to 240 megabytes per second (assuming 2:1 data compression).
Analysts say WANs on the rise
Medium and large organizations continue to become more and more geographically dispersed due to acquisitions, entry into new markets, and the use of lower cost locations and adoptions of WAN technologies are up, according to Infonetics Research. Infonetics said the WAN optimization appliance market increased 49% worldwide in 2005 to $236 million, and unit shipments increased 39%. Infonetics forecasts double-digit annual growth at least through 2009, with annual unit shipments almost tripling and revenue more than doubling.
Seagate releases Cheetah
Seagate Technology announced the availability of its Cheetah 15K.5 hard drive, the latest generation of Seagate's flagship enterprise product line. The drive is available with up to 300 GB capacity and is now shipping to OEM customers. The Cheetah 15K.5 will be launched to the distribution channel later this quarter.
Unitrends updates bare-metal product
Unitrends announced it is adding additional features to its Rapid Recovery System. Among the enhancements announced today are increased capabilities to Unitrends' Hot BareMetal software, which will now allow Linux users to capture an image of the entire OS at any point in time, without having to first shut down the server application. Also included is the ability to conduct a Windows-based BareMetal recovery to heterogeneous hardware.
Neterion introduces I/O virtualization
Neterion announced the availability of its Hyperframe product, a 10-Gigabit Ethernet (GigE) I/O virtualization architecture that allows the replacement of multiple 1 GigE interfaces with a single 10-GigE adapter and balances bandwidth across system components.