Storage News Digest: 22-Jan-03
Veritas Refreshes Backup Exec ... Vitesse Chips Target Low-Cost Serial ATA Drive Arrays ... Aatek Expects to Ship 10 Million Optical Drive Pick-Up Heads This Year ... Santa Brought a Lot of Disk Drives.
Enterprise StorageInterview: Veritas Refreshes Backup Exec Veritas this week is expected to launch Backup Exec 9.0, a new version of the software makers venerable and profitable backup product. Meanwhile, the company has also been driving its strategy forward with the acquisitions last year of Precise Software and Jareva Technologies to help expand its management play further into the data center. In an interview with IDG News Service, Veritas Chairman, President, and Chief Executive Officer Gary Bloom detailed his vision, which includes Linux and his companys goal to beat out the likes of Sun, HP, and IBM in the virtualization race as a couple of hot areas in 2003.
Personal StorageAatek Expects to Ship 10 Million Optical Drive Pick-Up Heads This Year Acute Applied Technologies (Aatek), the first Taiwanese optical pick-up head (PUH) maker, expects to ship 10 million units and post a profit this year after years of losses, according to a company executive. According to Aateks own estimates, worldwide DVD optical drive sales will grow 40% this year to 60 million to 70 million units from 50 million units last year and Aatek will capture around 14-16% of the market this year. Read the full story on: DigiTimes
Storage BusinessSanta Brought a Lot of Disk Drives Four storage system makers this month have said they would beat fourth-quarter estimates. EMC said sales would surpass analysts expectations by 18%, networking gear maker McDATA said its revenues were running 20% higher than expected, and StorageTek boosted earnings projections by 25% for the quarter. And on Jan. 9, drivemaker Seagate Technology Holdings posted a 60% profits gain, to $198 million, on sales up 6% in its first quarter as a public company. However, while spending in storage is often a leading indicator for the whole tech sector, it doesnt look as if the fourth-quarter bonanza signals a turn. "One good month does not make a trend," says Dave Roberson, president of Hitachi Data Systems Corp. Read the full story on: BusinessWeek Online