Storage News Digest: 08-Jan-03
Okapi Moves To Accelerate Data Backups ... Hitachi Puts 4GB on a One-Inch CompactFlash Disk ... Maxtor CEO Resigns to Lead Selectron ... EMC Sees Loss, Says Revenue to Beat Expectations.
Enterprise StorageOkapi Moves To Accelerate Data Backups Okapi Software plans to unveil a new disk-to-disk backup appliance that allows data to be quickly backed up at hard drive speed for eventual storage to tape. The new device, the ipXcelerator, will come with up to eight Maxtor Serial-ATA hard drives for a maximum of 1.6 Tbytes of raw capacity in a 2U rack-mount space. The ipXcelerator includes two Gbit Ethernet ports that allow multiple servers to back up data to the appliance at the same time. When used as part of an iSCSI storage network, data is backed up faster than it would be in normal NAS environments, the company said.
Personal StorageHitachi Puts 4GB on a One-Inch CompactFlash Disk Hitachi Global Storage Technologies announced plans to squeeze four gigabytes of data onto the 1-inch Microdrive, the worlds smallest hard disk drive. Hitachi drastically increased the tracks per inch to accommodate the Microdrives areal density of more than 60 billion bits of data per square inch. The 4GB Microdrive is designed to the CompactFlash Type II industry standard, and is expected to be available in the Fall of 2003.Read the press release on: EE Times
Storage BusinessMaxtor CEO Resigns to Lead Selectron Hard drive maker Maxtor announced Monday that its chief executive, Mike Cannon, is stepping down to take over as CEO at manufacturing giant Solectron. The resignation is effective immediately, according to the company. Paul Tufano, Maxtors current chief operating and financial officer, has been named acting president and CEO. Cannon will remain as a member of Maxtors board of directors. Read the full story on: CNET News.com EMC Sees Loss, Says Revenue to Beat ExpectationsEMC Corp. on Monday said fourth-quarter revenue will beat analyst expectations and that it sees a loss of 2 cents to 4 cents per share, including a restructuring charge. The data storage companys Chief Executive Officer Joe Tucci said in a statement that customer spending was better than anticipated in the fourth quarter and that its low-end storage systems had seen strong demand. EMC said that it sees revenue of $1.47 billion, above analyst expectations for earnings of $1.276 billion, according to Thomson First Call.Read the full story on: Reuters