Feeds

Cost cutting pays off for Adaptec

Hails Dell design win

  • alert
  • submit to reddit

Intelligent flash storage arrays

Restructuring is beginning to bear fruit for Adaptec, the dominant player in the RAID controller market. In an upbeat statement accompanying Q3 results, CFO Andy Brown said the company's cost cutting had "proceeded more rapidly than we originally expected". The company notes strong demand for bus adaptor products, and it is particularly pleased with a major design win for its new 64-bit product courtesy of a contract from Dell to fit the AAC-364 64-bit RAID adapter into new PowerEdge servers and PowerVault storage systems during the quarter Adaptec is also touting its ownership of the de facto software standard for CD-RW on the desktop. It says it will leverage this market leading position into the DVD market. Revenue for Q3 was $183.9 million and net income and $26.7 million. Strip out the contributions from the Peripheral Technology Solutions group (PTS), sold in parts to STMicroelectronics and Texas Instruments, and net revenues were $159.6 million in Q3, 17.9 per cent down from $194.4 million in Q3, 1998. Net income was $29.2 million, down 13 per cent from $33.6 million excluding unusual charges and a change in accounting principle a year ago. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.