Feeds

Calluna hits first ever profitable month

So much good news, a rights issue could be on the cards

  • alert
  • submit to reddit

Reducing security risks from open source software

Too early for Calluna's long-suffering shareholders to crack open the champagne, but a jar or two may be in order to celebrated the first ever profitable month recorded by the niche hard drive developer. Scottish-based Calluna blames the operating profit achieved in October on rising sales. It did even better in November, the company says. And following a "successful demonstration" of PC Bodyguard, the brand name for its hardware-based firewall Hardwall at Comdex, the company trumpets its first significant orders for the product. How significant and who's buying, Calluna's not saying. The good news accompanies a huge leap in sales for the half yearlies to 30 September 1998 -- up 268 per cent to £10.8 million (1997: £2.9 million). Pre-tax losses remain at a stubborn £2.7 million (1997: £2.765 million). The company ended the period with £1.3 million in cash. Significantly increased sales of the CT520 Type III disk drive account for the turnover increase. It has a forward order book of 55,000 units for the line. Calluna also looks to have overcome earlier production problems, with the "successful transfer" of production to more cost-effective single disk design. It has scheduled early 1999 for initial manufacturing for its new Type II 5mm (ultra slim) disk drive. And it reports an "enthusiastic" response to engineering samples from potential high volume manufacturers. So much good news and all in one day... is this company softening up the market for a rights issue? ®

Eight steps to building an HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today IS F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.