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Storage Clips: Sun posts Q1 loss

Sun posted a net loss of $174 million for the first quarter of 2005; Kom Networks upgrades compliance software; DataDirect wins lab contact.

KOM Networks upgrades compliance software
Storage management and archiving software company KOM Networks announced today the latest release of its flagship KOMworx software -- KOMworx Compliance Edition (CE). KOMworx CE updates the software with features such as simplified storage management, enhanced data protection, the use of eWORM technology for archiving and automated data migration and file replication.

DataDirect to power world's fastest computer Performance storage vendor DataDirect Networks has delivered its Silicon...

Storage Appliances (S2A) to the Department of Energy's Lawrence Livermore National Laboratory, enabling the U.S. national lab to build a scientific simulation environment for its BlueGene/L massively-parallel computer -- also known as the world's fastest computer. The BlueGene/L is used for solving scientific problems, including molecular modeling and quantum molecular dynamics. DataDirect now has eight S2A storage systems in the top 20 supercomputer sites.

Sun posts Q1 loss
Sun Microsystems posted a net loss for the first quarter of fiscal 2005 of $174 million, or $0.05 per share, as compared with a net loss of $286 million, or $0.09 per share, for the first quarter of fiscal 2004. This loss includes a charge of $108 million for previously announced workforce and real estate restructuring, an $82 million charge related to litigation settlement, a $4 million loss on equity investments, and a $7 million benefit for related tax effects. Excluding these amounts, net income for the quarter on a non-GAAP basis would have been $13 million. Revenue for the first quarter grew to $2.628 billion, an increase of 3.6% as compared with $2.536 billion for the first quarter of fiscal 2004. Total gross margin as a percent of revenue was 39.8%, a decrease of 0.3 percentage points as compared with the first quarter of fiscal 2004.

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