Brocade reports earnings Brocade released financial results for its third quarter this week, reporting revenues of $327.5 million,
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A bright spot for the company was its file area network (FAN) business, which it reported was up 17% year over year and has been adding 50 to 100 new customers each quarter. The average deal size for its file virtualization products also increased 20% in the last quarter. Brocade attributed the decrease in its earnings to a decline of average selling price (ASP) "in the low single digits," due to high-end switch users deferring purchases until Brocade comes out with a merged director product with McData. The company also "continued to shed low-margin revenue" based on products it acquired with McData.
Brocade's revenues for the quarter decreased 5% from $345.3 million reported in the second quarter of fiscal year 2007 and increased 73% from $188.9 million reported in the third quarter of fiscal year 2006. Profit for the company was down 56% to $10.7 million, from $24.5 million a year earlier, because of $4.06 million in expenses related to the acquisition of McData and $18 million in legal fees, including some related to "a certain former employee," i.e., former CEO Greg Reyes. Brocade officials did not specify how much of the $18 million was spent because of Reyes.
Rival Cisco reported record revenues for the same quarter this month, but attributed most of its revenue increases to nonstorage networking products, including Ethernet routers for Web content delivery. "Our market share position remains unchanged," Klayko said. The company's stock fell 32 cents to $6.96 prior to the company's announcement at 4 p.m., but was back up to $7.05 before the bell Friday.
Crosswalk closes doors
An outgoing phone message at the headquarters of Crosswalk alerted callers this week that the company has ceased all operations as of July 18, according to multiple industry reports. The company, founded in 2004 by McData founder Jack McDonnell, originally started as an storage resource management (SRM) player and had switched its focus to clustered network attached storage (NAS) and grid storage as of last year.
Infortrend qualifies 1 TB drives
Infortrend announced that the Hitachi Global Storage Technologies 1 terabyte (TB) SATA Ultrastar A7K1000 hard drive has successfully completed qualification testing for use with Infortrend's latest EonStor RAID subsystems.
Toshiba readies 320 GB mobile drive Toshiba Storage Device Division (SDD) announced that it will ship the world's first 320 GB 2.5-inch laptop drive as part of a new line of 5,400 rpm notebook drives before the end of the year. The company also added a 200 GB 7,200 rpm product.
ExaGrid reports law firm customer ExaGrid Systems announced that international law firm Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has selected the ExaGrid system for disk-based backup. Based in Boston, Mintz Levin is a law firm of more than 450 attorneys. The firm chose ExaGrid for use with Exchange, a document management system and litigation support software. Previously, the firm had been using tape.
BTMU Capital picks NTP software NTP Software announced that BTMU Capital Corp., a financial services organization, has elected NTP Software's QFS to control the quantity of end-user data and content of files stored in its Windows environment.
Iron Mountain opens data center in Canada Iron Mountain Digital announced it is rolling out its Connected and LiveVault online backup and archiving services in Canada with the opening of a new data center at a colocation facility in Toronto, which will be mirrored to a secondary colocation facility in Montreal. Iron Mountain Digital has approximately 14,000 customers, most of them in the US and UK, 10,000 of which are made up of SMBs and 4,000 are made up of enterprise corporate customers.
DataDirect Networks touts HPC users DataDirect Networks announced it now provides storage for 53 of the top 100 fastest machines in the world, according to a recent list of the top 500 high-performance computing (HPC) sites in the world. DataDirect said its HPC customers include BlueGene/L, a National Nuclear Security Administration system at Lawrence Livermore National Laboratory, Oak Ridge National Laboratory, Sandia National Laboratories, the New York Center for Computational Science, CEA and the U.S. Army Research Laboratory.
Sepaton reports growth Sepaton announced it now has over 800 customers with over 30 petabytes (PB) of data stored on its virtual tape libraries (VTL), a 160% increase in the number of customers from this time last year. New customers include the Federal Reserve Bank, the University of Kansas Hospital Authority, the Lawrence Livermore National Laboratory, Loyola Marymount University, LSI Corp., Panasonic Automotive Systems and the U.S. Environmental Protection Agency (EPA).
Sun releases autoloaders Sun announced two new tape autoloaders, the SL24 and SL48. The SL24 is a half-height or desktop device with a 12-slot magazine with one or two drives for LTO-2 and one drive for LTO-3 and LTO-4. The SL48 is a 4U device that offers up to four drives with LTO-2 and up to two LTO-3 or LTO-4 drives. No pricing information was available.
Moonwalk reports wins Australian hierarachical storage management (HSM) software startup Moonwalk Inc. announced that it has closed deals in the last quarter with several Australian government agencies, opened an international office in the U.K. and the launch of an aggressive channel partner program in the U.S. The company, which first announced its presence in the U.S. in March, and so far has two U.S. end users to report.
SCSI Trade Association completes SAS plugfest The SCSI Trade Association (STA), an industry association established to support and promote SCSI technology, announced today that the seventh SAS plugfest was held July 23-27, 2007, at the University of New Hampshire InterOperability Laboratory (UNH-IOL). The plugfest focused on zoning and interoperability with SATA. Participating companies included Adaptec, Emulex, Fujitsu, Intel and LSI.
Vendors certify each other Plasmon announced that Kazeon has certified its UDO optical archive appliance with Kazeon's Information Server (IS) product line. QLogic announced that its SANbox 9000 director and SANbox 5600 stackable switch are now certified with IBM's SAN Volume Controller (SVC). Finally, BlueArc announced that its Titan NAS systems are now certified for use with Symantec's NetBackup.