Exabyte to sell out
Print storyIndependent tape maker calls in bankers
Posted in Storage, 7th July 2006 15:34 GMT
Magnetic tape and drive maker Exabyte has put itself up for sale after CEO and finder Juan Rodriguez resigned.
Formed in 1985, the firm's stock has plummeted from $15 in 2004 to 10 and a half cents at close of dealing on Wall Street on Thursday. It has made losses six years running.
The board has appointed St Charles Capital to broker a way out. A press release says it would consider a sell-off or a merger.
It is thought likely that Exabyte will be a target for a second-tier storage company after its customer base. ®
A Quantitative Comparison of High Efficiency AC Vs. DC Power Distribution for Data Centers [WP 127]
Securing your Apache Web Server with a thawte Digital Certificate
Deploying High-Density Zones in a Low-Density Data Center [WP134]
Increasing Data Center Efficiency by Using Improved High Density Power Distribution [WP 128]
Extended Validation
Enterprises throw caution to the wind in 802.11n rush
Can CDP render backup redundant?
Cray, Intel, and Microsoft birth baby supercomputer
Scrap PCs smuggled, dumped in Africa, China