Feeds

Dot Hill scores four more years with HP

Trying to avoid Sun stroke

Internet Security Threat Report 2014

Hewlett-Packard seems pleased with its OEM arrangement with storage manufacturer Dot Hill.

Pleased enough that HP is extending the gig from one to five years and opening the possibility of reaching further into Dot Hill's hardware portfolio.

The new agreement covers a more expansive treaty for providing RAID storage arrays to HP's various lines, rather than specifically for the StorageWorks 9000 Virtual Library System as before.

Dot Hill seems to be betting on the affection, and has offered HP a five-year warrant to purchase 1,602,489 shares, or roughly 3.5 per cent of outstanding Dot Hill stock, at $2.40 per share. It's now also anticipating more revenue as a result of the agreement. Dot Hill raised its fourth quarter revenue expectations to $50m-$52m from its previous $44m-$48m forecast.

That won't bump the RAID firm into profitability, however. Dot Hill still expects a fourth-quarter loss of 10 cents to 15 cents a share.

Dot Hill making sweet with HP appears to be a necessary step to diversify its OEM channels beyond Sun Microsystems. The company's coffers long depended on Sun as an OEM buyer of low-end Fibre Channel SAN and SATA systems. ®

Beginner's guide to SSL certificates

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
'Urika': Cray unveils new 1,500-core big data crunching monster
6TB of DRAM, 38TB of SSD flash and 120TB of disk storage
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
SDI wars: WTF is software defined infrastructure?
This time we play for ALL the marbles
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
Oracle hires former SAP exec for cloudy push
'We know Larry said cloud was gibberish, and insane, and idiotic, but...'
Symantec backs out of Backup Exec: Plans to can appliance in Jan
Will still provide support to existing customers
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.