Feeds

Storage, recession and you

Shadows on growth as lay-offs hit the storage

High performance access to file storage

Drive Array and drives

3PAR has made a quarterly loss and may be seeing a slackening of demand. Privately-held Pillar does not announce its financial results but it has just laid off 30 per cent of its workforce, anticipating a recession lasting through to 2010.

Isilon also made a loss in its latest quarter but a reduced one. It gave no guidance for next quarter or for the whole year. It has quite strong cash reserves and is rebuilding its business which will incline it to be reluctant to lay people off.

Drive supplier Western Digital showed quarterly revenues of $2.1bn, up 19 per cent year on year, and net income up by 33 per cent to $211m. But CEO John Coyne said: "The deterioration in the economy has led to a slowdown in both business and consumer spending... We have seen dampening of demand in the September quarter, and expect conditions of subdued demand to continue into the fourth quarter, the industry's traditionally strongest season." The company expects no revenue growth in the fourth quarter.

According to iSuppli the NAND flash market is expected to show a 14 per cent decline in revenues this year and a 15 per cent one next year, the first annual declines in its history.

Lastly, server adapter and array switching supplier Emulex is surprisingly upbeat. Q1 fy 09 revenues were $111.m, down 5 per cent year-on-year from Q1 fy08's $117.6m, one per cent sequentially. Net income of $7.1m ($0.9/share) was down over 30 per cent from Q1 fy08's $10.2m ($0.12/share). It is expecting flat or slighly increased revenues and net income in its next quarter. That's encouraging in the sense that it doesn't expect the situation to get worse.

®

High performance access to file storage

More from The Register

next story
Seagate brings out 6TB HDD, did not need NO STEENKIN' SHINGLES
Or helium filling either, according to reports
European Court of Justice rips up Data Retention Directive
Rules 'interfering' measure to be 'invalid'
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
Bored with trading oil and gold? Why not flog some CLOUD servers?
Chicago Mercantile Exchange plans cloud spot exchange
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.