HP takes itself out of the market
Posted by Brenon Daly on November 22, 2011
Contact: Brenon Daly Over its two previous fiscal years, Hewlett-Packard has spent more than $20bn on a dozen acquisitions, with five of them costing the tech giant more than $1bn each. Those days are over, according to recently named CEO Meg Whitman. In her first conference call discussing quarterly financial results on Monday, Whitman told [...]
Symantec gets the better end of a ‘win-win’ deal
Posted by Brenon Daly on November 16, 2011
Contact: Brenon Daly When a marriage dissolves, it’s typically a messy process with bitter recriminations and resentments over how to divide the results of lives pooled together. Not so with Symantec’s step out of its three-and-a-half-year-old joint venture (JV) with Huawei. Selling its 49% stake in the storage and security appliance JV to its Chinese [...]
In a flash, Fusion-IO plans secondary
Posted by Brenon Daly on November 14, 2011
Contact: Brenon Daly Just eight months after first filing its IPO paperwork and a scant five months after debuting on the NYSE, Fusion-io has already indicated that there will be a lot more of its shares hitting the market in the coming days. The flash memory specialist plans to sell $100m worth of stock in [...]
CommVault going it alone
Posted by Brenon Daly on September 19, 2011
Contact: Brenon Daly Even though many of the storage companies that went public over the past half-decade have subsequently been erased from the market through M&A, don’t look for CommVault to join that list. At least that’s the official word from the top of the company. CEO Robert Hammer said during his presentation at ThinkEquity’s [...]
Fusion-io’s ‘flash-y’ and jumpy M&A currency
Posted by Brenon Daly on August 8, 2011
Contact: Brenon Daly In the same breath that it announced quarterly results for the first time, Fusion-io also announced its first-ever acquisition. The flash storage specialist reached for IO Turbine, a caching software startup that had only emerged from stealth mode earlier this summer. Our storage analyst, Henry Baltazar, points out that although IO Turbine [...]
What happened to the storage sector’s Class of 2007?
Posted by Brenon Daly on June 29, 2011
Contact: Brenon Daly Back in mid-2007, BlueArc was one of a quartet of storage vendors that put in their paperwork to go public during those go-go days on the stock market. However, if the NAS systems specialist, which recently re-filed its prospectus, does manage to see through its offering on this go-round, it will find [...]
Is anyone going to play Violin?
Posted by Brenon Daly on June 10, 2011
Contact: Brenon Daly, Henry Baltazar As Fusion-io continues to bask in the glow of its newly created billion-dollar valuation, Wall Street is already looking for the next solid-state storage specialist. Conveniently enough, Violin Memory popped up earlier this week, announcing a $40m round at a $440m valuation. (It’s pure coincidence, certainly, that Violin – headed [...]
Apple drops interest in Dropbox for iCloud
Posted by Brenon Daly on June 7, 2011
by Brenon Daly Earlier this year, rumors were flying that Apple was putting together a bid – valued at more than $500m – for cloud storage startup Dropbox. That speculation obviously didn’t go anywhere, but it looked a whole lot more credible in light of Monday’s introduction of Apple’s online storage and synching offering, iCloud. [...]
Looking past the losses at Carbonite
Posted by Brenon Daly on May 19, 2011
Contact: Brenon Daly Is Wall Street ready to buy into a company that spends $1 on advertising to bring in just $2 in bookings? That’s one of the key questions around Carbonite, a fast-growing online backup vendor that just filed for its IPO. (We looked at Carbonite’s planned offering in an in-depth report, including projecting [...]
Autonomy picks up piece of rock from Iron Mountain
Posted by Brenon Daly on May 16, 2011
Contact: Brenon Daly, Nick Patience Announcing its first acquisition in almost a year, Autonomy Corp has picked up Iron Mountain’s digital assets in a surprisingly rich purchase of a castoff business. Autonomy will pay $380m in cash for the units, which include backup and recovery, e-discovery and digital-archiving software. The transaction effectively unwinds Iron Mountain’s [...]
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