Chris Preimesberger

This week’s IT earnings reports, as covered daily by eWEEK staff and affiliated news services, indicate a huge disparity in the performance of companies in the high-tech business world at the moment.A “chosen few” are doing very well, thank you, while a vast majority of enterprises are feeling the pinch and are scrambling to cut […]

Quantum, one of the few data storage companies that competes in the disk and tape hardware and software sectors, Jan. 29 reported its third-quarter fiscal year earnings. Like the results of many U.S. companies, Quantum’s numbers weren’t very pretty, but there were some positive points nonetheless.The company reported a GAAP operating loss of $334 million […]

Enterprise data center and server consolidation projects generally are not being postponed or permanently shelved due to fallout from the worldwide recession-that’s according to the results of a survey of IT decision-makers conducted by Ziff Davis Enterprise, publisher of eWEEK.In fact, survey respondents in both categories reported data center consolidation and server consolidation projects are […]

Data storage juggernaut EMC posted record revenue in its Q4 2008 earnings report Jan. 27, but a long financial hitting streak — a source of pride for the company for more than five years — has been broken.The world’s largest data storage infrastructure company reported record fourth-quarter revenue of $4.02 billion, an increase of 8 […]

CommVault launched Jan. 26 a new version of its Simpana data management software package that includes a whopping 140 new features plus the industry’s first embedded global deduplication module.Simpana 8’s ability to automate the data deduplication function anywhere in an enterprise’s IT system-starting with the data file entering the system and ending when it finds […]

Gone are the days of the 80 percent revenue growth it experienced earlier in the decade, but virtualization kingpin VMware continues to produce handsome profits and beat analyst revenue estimates despite a sluggish economy.VMware, as the world market leader in virtualization software used in desktop computers and data center servers, announced its financial results for […]

The global technology sector, which most analysts and industry observers believed would be be relatively resistant to recessionary forces, has officially joined the glut of industries in starting mass layoffs after disclosing sinking sales and profits.Tens of thousands of lost jobs were hitting people and companies where it hurts this week. Microsoft announced it would […]

San Francisco-based social networking Web site Digg.com, which has about 75 employees, announced Jan. 22 that it, too, is feeling the current economic pressures and will trim its workforce by about 10 percent. CEO Jay Adelson explained in his blog that the company will start focusing on advertising sales and will be hiring a new […]

Just in from Sean Brooks: “Autonomy just announced its intent to acquire Interwoven, a global leading provider of content management solutions for $775 Million. The combination brings together Interwoven’s products which improve human interactions with information with Autonomy’s technology that will allow people to know what those human interactions mean. The combination of these two […]

Legal search services provider Autonomy said Jan. 22 that it will acquire Web content management vendor Interwoven for $775 million.The transaction will be funded by an underwritten placing of ordinary shares, a new revolving credit facility, and a portion of Interwoven’s and Autonomy’s cash reserves, Autonomy said. The final price worked out to $16.20 a […]