Goldman Sachs: Adds to Its NAS But NetApp Still Ahead in Midrange
Goldman Sachs also sees the price/performance issue for EMC new
"midrange" NAS versus Symmetrix. EMC pushes off release, wonder
if the performance is so horrible versus NTAP's 840 that they
are scrambling in engineering?
As usual, this is off Yahoo, due your own due-diligence, your
mileage may vary, etc...
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see: messages.yahoo.com
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goldman saks
by: carrnakk
11/3/00 11:40 am
Msg: 40740 of 40752
Goldman comments on EMC and NTAP
by: storage_bull (38/M/Chicago, IL) 11/3/00 9:41 am
Msg: 79162 of 79195
Looks like EMC will be delaying their 'NTAP Killer'product release until December...
We continue to believe that NetApp's filers have technological advantages
compared with new midrange products from EMC and others on a feature-by-
feature basis. These include a mature tightly integrated operating system
and file system and a broad software portfolio including Snapshot based
copying.
GS GS GS GS GS GS GS GS GS GS GS GS GS GS GS GS GS GS GS GS GS GS GS GS
Goldman, Sachs & Co. Investment Research
EMC`s Acq of CrosStor Adds to Its NAS But NetApp Still Ahead in Midrange
***************************************************************************
* EMC's acquisition of a private storage networking software company *
* called CrosStor adds marginally to its NAS capabilities. We understand *
* that EMC was already planning to license CrosStor's file system for its *
* upcoming midrange NAS products. Buying the company outright enables EMC*
* to more tightly integrate hardware and software, which is important for *
* creating easy-to-use appliances. Nevertheless, we continue to believe *
* that NetApp's products have technology advantages on a feature by *
* feature basis over EMC's upcoming products as well as recently *
* introduced products by other systems vendors. The $300M acquisition, to*
* be paid in stock and accounted for as a pooling has no financial impact.*
***************************************************************************
EMC announced the acquisition of a private storage networking software
company called CrosStor for $300 million in stock, to be accounted for as a
pooling of interest. CrosStor has 100 employees, of which roughly 75% are
software engineers, and less than $1M in revenue. While this has no
financial impact on EMC, our thoughts on the acquisition are as follows:
--CrosStor has been working on a file system that we understand EMC is
licensing for its upcoming midrange NAS products. CrosStor had been
talking to Data General even prior to its acquisition by EMC. We do not
expect the acquisition to impact the timing of EMC's midrange NAS intro,
which we still expect to be in the early to mid December timeframe.
--Buying CrosStor allows EMC to better integrate hardware and software, an
important element in creating easy-to-use appliances. This will take some
time to accomplish.
--We continue to believe that NetApp's filers have technological advantages
compared with new midrange products from EMC and others on a feature-by-
feature basis. These include a mature tightly integrated operating system
and file system and a broad software portfolio including Snapshot based
copying.
--EMC must protect the pricing of its high-end Celerra NAS. EMC must
balance the price/performance characteristics between its upcoming midrange
NAS products and its high-end Celerra. This should prevent EMC from
pricing the midrange products too aggressively to gain share. |
