Exabyte Looks to Future
Exabyte Corp. is leaving behind its operational problems and rebounding into a new era.With a new entry-level autoloader launched last week and plans for larger-scale tape efficiencies, Exabyte Corp. is leaving behind its operational problems and rebounding into a new era. In addition to widespread technical support complaints from users beginning last year, the Boulder, Colo., company was delisted from Nasdaq in January. "When I joined the company in June of last year, it was a classic turnaround situation. We were a company that had not made money in four and a half years and burned through basically all its cash," said CEO and President Tom Ward.
Now, Exabyteamong several storage companies founded by former officials of Storage Technology (StorageTek) Corp., where Ward workedis finding solutions to customers problems and its own as well. That begins with the new VXA-2 PacketLoader 1x10 autoloader, which will ship Nov. 17 for $2,500, officials said. It has a raw compressed capacity of 1.6 terabytes, which is adequate for small businesses, enterprise departments or remote offices. The PacketLoader will ship through resellers, which may bundle it with third-party backup software, officials said.