Riverbed posts profit, but stock slips

News Analysis

Riverbed posts profit, but stock slips

SearchStorage.com Staff
Weekly compilation of storage news:

Riverbed stock slips
Riverbed reported its quarterly results this week, showing a 157% increase in sales to $63.3 million from last year and had revenue of $2.8 million, compared to a loss of $3.1 million in the third quarter a year ago. However, that wasn't enough to satisfy investors. CIBC analyst Ittai Kidron sent out a note saying that the performance wasn't "good enough" because Riverbed has a track record of beating expectations, according to an AP report. Following Kidron's analysis, the stock plummeted more than 25% in one day, dropping $12.10 to $35.93. As of Friday morning it was trading at $32.66.

Elsewhere, EMC stock hit a six-year high of $24.61 after it reported a 74% profit for the quarter.

Riverbed also announced that that Bank of Korea has deployed its Steelhead WAFS appliances.

This week's news
Riverbed adds disaster recovery features to WAFS

Brocade prepares Backbone for its data center fabric

IBM refreshes storage arrays, adds file virtualization

EMC's Coviello: 'Security vendors do not sell fear'

Clustered storage vendor Isilon hot-swaps CEOs

IBM acquires SRM player NovusCG

Vanderbilt hospital fights archive growth with grid

EMC's Tucci vows to keep up with new features

Sun countersues NetApp over ZFS

BlueArc reports overseas customers
BlueArc announced new customers in Australia and India this week. Photon VFX, an Australian visual effects studio, has deployed a Titan 2000 NAS system. The company purchased the Titan to store data for its animation work on Animalia, an upcoming television series to air on the BBC and PBS. In a separate release, BlueArc announced that a Mumbai, India-based visual effects studio, Redchillies.vfx, also installed a Titan 2000 in a new post-production facility. Finally, BlueArc and Expand Networks separately announced a new partnership that will market BlueArc's storage boxes with Expand's WAN optimization appliances.

University of Florida picks Xiotech
Xiotech Corp. announced that the University of Florida Jacksonville Physicians Inc. (UFJPI) has purchased its Magnitude 3D 3000 SAN system to store all of its data, including a new VMware deployment, electronic medical records and scanned copies of paper financial records. UFJPI handles support operations, patient billing and scheduling for the University of Florida's clinics.

StoneFly adds entry-level, high availability IP SAN products
StoneFly has launched two new IP SANs, as well as upgrades to its existing products. The Integrated Storage Concentrator (ISC) 801 is a new entry-level system, including setup wizards, replication and centralized storage management, with support for eight drives and up to 4 TB of storage. The HSC-1601 replaces the HSC-1420, and supports 10 Gigabit Ethernet (10 GigE) and clustering. The HSC-1601 supports16 disks in capacities ranging from 150 GB to 1 TB. StoneFly also added quad-core processors across its product line, along with support for 1 TB drives and 10,000 rpm 150 GB SATA drives. The ISC-801 is available now and priced starting at $13,000 for 4 TB. The HSC-1601 is available now starting at $20,000 for a 2.4 TB system.

Overland adds compression
Overland has added hardware-based compression to its new REO 9100c, boosting its capacity up to 114 TB, over the 66 TB of raw capacity possible before. The new system can hold up to 32 virtual tape drives, 512 virtual cartridges and six library partitions. The 9100c now is available from Overland partners for a starting MSRP of $63,343.

Tandberg ships VXA with Mac OS X support
Tandberg announced the availability of two new products for Mac OS X, the VXA-320 Firewire/USB Tape Drive and the StorageLoader VXA-320 Firewire, designed for the Mac OS X operating system, are now available and include backup and recovery software for Mac Xserve and Xserve RAID devices. Both products are now through the Apple Store and Tandberg distributors. Estimated prices for the VXA-320 FW drive and StorageLoader VXA-320 are $1,199 and $2,170 respectively.

Western Digital embeds Memeo
Consumer data management software maker Memeo's AutoBackup and AutoSync software will be packaged in Western Digital's My Book hard drives and Passport Portable Drives external storage devices. The software backs up and synchronizes files. Depending on the drive, the devices come with either a 30-day trial version of Memeo AutoBackup (PC/Mac-compatible) and AutoSync (PC-compatible) or a full version of Western Digital Anywhere Backup (PC/Mac-compatible).

C2C adds SharePoint archiving
C2C announced version 3 of the architecture for its email archiving software, Archive One, which separates application agents from the main archiving system, allowing users to mix and match plug-in modules for application support. Also new with this announcement is support for SharePoint Manager; more applications are to follow, the company says.

Pivot3 supports 1 TB drives
Pivot3, a new iSCSI startup marketing distributed RAID, announced the availability of release 2.2, a new version of its RAIGE storage system. The new version will support 1 TB hard drives, increasing video capture capacity by 60% over the previously available configurations.

Bitmicro claims 416 GB on 2.5-inch SATA flash disk drive
Bitmicro debuted the E-Disk Altima E2A3 SATA solid-state flash drive. This 2.5-inch, flash-based solid-state SATA drive is capable of storing up to 416 GB of data, the company claims and sustaining transfer rates of up to 100 MBps. Volume shipments are expected to begin by the second quarter of 2008.

Autonomy Zantaz imports XML standard
Zantaz, an Autonomy company, will support an XML standard developed by the Electronic Discovery Reference Model (EDRM) Program in its email archiving system. Zantaz was also a participant in the drafting of the standard.

Sepaton joins Green Grid
Sepaton announced it has joined The Green Grid, a consortium of IT vendors working on lowering the consumption of power in data centers. The Grid claims 102 members, including Hewlett-Packard (HP), IBM, Intel, Advanced Micro Devices (AMD), Dell, VMware, Microsoft and Sun.


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