Feeds

Compellent IPO a driving force?

What goes up must...

Remote control for virtualized desktops

The storage biz has once again birthed a surprisingly successful IPO — but how will adolescence treat it?

SAN specialist Compellent made the public leap earlier this week, offering shares at $13.50 under the symbol CML. From there, shares leaped to $24 at closing, almost double the initial price. Honeymoon trading didn't last, however, with share prices today hovering at $18.60. It's a rough world out there.

The company lies in the thick of a crowded marketplace. There's the big name storage vendors such as EMC, Dell, IBM, HP and Hitachi. Upstarts like 3Par, Data Domain, Lefthand Networks, EqualLogic and Netezza are jockeying for position as well.

Compellent says it stakes a claim by offering SMBs a lower cost solution to big name storage companies and vending SAN boxes that combine both FIbre Channel and iSCSI.

Revenues more than doubled from $9.5m in the first half of 2006 compared to $20.8m in the first half of 2007, but the company has yet to turn a profit.

According to SEC filings, Compellent intends to use about $10m of the proceeds for sales and marketing. About $5m will head for the R&D department and the rest goes to working capital and general corporate use.

Compellent joins other smaller storage companies such as Data Domain and Netezza, which have already jumped on a recent IPO bandwagon. ®

Remote control for virtualized desktops

More from The Register

next story
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
NASA launches new climate model at SC14
75 days of supercomputing later ...
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
DEATH by COMMENTS: WordPress XSS vuln is BIGGEST for YEARS
Trio of XSS turns attackers into admins
Cloud unicorns are extinct so DiData cloud mess was YOUR fault
Applications need to be built to handle TITSUP incidents
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?