The Register®

Biting the hand that feeds IT

Exabyte to sell out

Independent tape maker calls in bankers

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. ®

Free report. "Comparing Data Center Batteries, Flywheels, and Ultracapacitors: What is the best energy storage for you?"

Don’t Miss

Warning GoEnterprises throw caution to the wind in 802.11n rush

Standards bodies far behind the WLAN adoption curve

Warning: two wayCan CDP render backup redundant?

Comment My brain is mush

Chip DieCray, Intel, and Microsoft birth baby supercomputer

Gigaflops for mom and pop shops

Recycle signScrap PCs smuggled, dumped in Africa, China

Charity calls on UK.gov to WEEEd out rogue traders