3PARdata and EqualLogic became the latest storage companies filing an initial public offerings (IPO) of stock over the last week. 3PAR filed its S-1 form with the Securities and Exchange Commission (SEC) on Aug. 14 and EqualLogic on Aug. 9. 3PAR indicated with its filing that it expects to raise up to $100 million with its IPO. EqualLogic indicated profitability.
Both companies look strong, according to analysts, but they warn that strong products don't necessarily translate...
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
into Wall Street success, especially with the stock market's volatility for the remainder of this calendar year currently registering at the highest levels in two years. "They're sailing into rough waters," according to John Webster, principal IT advisor with Illuminata. "EqualLogic benefits from VMware, and we've already seen what VMware's done [with its IPO]. I would predict different results for them [than for 3PAR], just based on that."
According to Tony Asaro, senior analyst with the Enterprise Strategy Group (ESG), the struggles of another emerging storage player, Isilon Systems, following its IPO late last year could also influence the outlook for 3PAR and EqualLogic, since the companies are in the same high-tech category. (Isilon shares plunged 35% in late July after Isilon reported a net loss in the second quarter and cut its forecast.) "Because of Isilon stumbling, it's not quite the same glowing opportunity [for 3PAR and EqualLogic]."
Network Appliance (NetApp) announced earnings for the first fiscal quarter of 2008 this week, which came in at $689 million, slightly above preliminary earnings statements last week that predicted $684 million to $688 million in revenues, but still far below previous forecasts of between $745 million and $753 million. As it had hinted previously in its preliminary earnings statements, large deals with high-end enterprise accounts over $1 million dropped 27% from the January-March quarter. Sales of high-end systems, such as the FAS6000 series, were also hit hard, down 30% sequentially, as well as sales of the OnTap GX clustered file system. Petabytes (PB) shipped were also down 12% sequentially to 111 PB, the first time NetApp has seen a decrease in this category in years.
The company's CEO, Dan Warmenhoven, continues to emphasize that it's a spending slowdown among enterprise accounts that has led to these troubles for NetApp, but for the April–June quarter, none of its competitors have reported similar issues. Wall Street, however, seemed inclined to take it easy on NetApp, now that the dust has settled. Financial analysts were pleasantly surprised by the final numbers coming in over expectations and praised the company's plans to buy back $1 billion in shares.
BlueArc adds data classification, solid-state disk
BlueArc announced that it has partnered with Scentric for tighter integration between its network attached storage (NAS) systems and Scentric's data classification products. The company also announced certification with BakBone for interoperability with its NetVault Backup software, as well as a partnership with Texas Memory Systems to add solid-state disk (SSD) to its Titan NAS systems as a high-performing "Tier 0" storage partition for demanding performance environments. Finally, BlueArc also announced that Calgary, Alberta-based ACMEworks Digital Film Inc. has purchased a Titan 2000 as storage for its film capture, editing and conforming processes.
Home Shopping Network picks NTP Software
NTP Software announced that the Home Shopping Network (HSN) has selected NTP to analyze utilization trends and set policies to control unstructured data consumption within its NetApp storage environment. HSN used analytical reports in NTP's storage merger and acquisition software to predict short-term and long-term trends, and then used NTP's QFS software to set storage limits and automatically block or remove unwanted and illegal content.
Louisiana Organ Procurement Agency picks Neverfail for Exchange
Neverfail announced that the Louisiana Organ Procurement Agency (LOPA) has chosen its high-availability software for failing over Exchange servers between its headquarters in New Orleans and Shreveport, La.
Granite Telecommunications deploys file virtualization from Attune
Attune Systems announced that Granite Telecommunications LLC, the sixth largest telecommunications firm in the country, has selected Windows-based file virtualization software from Attune to deal with a tripling in its NAS storage capacity expected in the coming year. The company started using the company's Maestro Symphony Reporting, which discovered the current state of the company's files and storage volumes, and then added Maestro File Manager for its global namespace and tiered storage migration.
Emulex gains market share in FC HBAs
According to Dell'Oro Group's Q2 storage area network (SAN) Infrastructure market analysis report, Emulex has captured 40% of the total worldwide HBA market, up from 36% a year ago.
Diligent scores more funding
Diligent Technologies has closed on a $4.2 million portion of a $13.5 million Series D funding round, according to regulatory filings made this week. The company has already received more than $41 million in funding since it was started in 2002.
RenewData adds Index Engines tape discovery to services
RenewData, an electronic evidence and data migration services provider, and Index Engines announced that RenewData has added the Index Engines Offline Tape Discovery technology to its Data Migration Services. Offline Tape Discovery enables direct searching of documents stored on tape.
Postini announces new message archiving packages
Postini announced the addition of Message Discovery capabilities to address mailbox storage management, e-discovery and litigation case management for its users. The company also announced three new pricing packages for archiving services: basic, for businesses that need an online digital archive to optimize mail servers and support search; standard, for businesses that need greater control over storage pools and personal archive access for end users; and professional, for businesses that require immutable storage of message data
Buffalo adds remote access to SMB NAS box
Buffalo Technology announced that its new Web Access feature is now available with its TeraStation Live NAS devices that come in capacities of 1 TB, 2 TB and 3 TB. Web Access allows consumers to access and share digital files remotely via any Web browser interface. The product is available at estimated street prices of $699 for 1 TB, $1,299 for 2 TB and $1699 for 3 TB.
Micronet rolls out SATA II arrays
MicroNet Technology announced a new small and mid-sized business (SMB) storage array that combines multiterabyte capacity with SATA-2 bandwidth. Using the 3 Gbps throughput and Native Command Queuing features of SATA II, as well as up to 16 MB of cache, the product claims 240 megabytes per second (MBps) read performance and write performance of up to 200 MBps. Pricing starts at $599 for a 1 TB configuration with a PCI-X card.
MonoSphere adds capacity reporting for NetApp
MonoSphere announced version 3.4 of its Storage Horizon capacity management software that now includes support for NetApp Qtree, FlexVol, FlexClone and Snapshot on NetApp filers. The company has also announced support for EMC arrays in previous dot releases.
Hitachi demos 25,000 Exchange users
Hitachi (HDS) announced that it has tested its Adaptable Modular Storage (AMS) 1000 through the Microsoft Exchange Solution Reviewed Program (ESRP). During the tests, HDS demonstrated support for more than 25,000 concurrent Exchange 2007 users.
Pillar Data Systems buddies up with UPS
Pillar Data, a leading provider of enterprise storage systems, today announced UPS Supply Chain Solutions as its logistics provider for high-value component parts delivery. Pillar also has a field services partnership with Anacomp.