What a crock! This disk/tape drive company just went public March 12th, and now they issued an earnings warning! Don't own any, but parts of this story are so outlandish it caught my attention.
The comment on "...near-term softness in the NOVELL market..." among other reasons for the slowdown. Tell me, how NEAR-TERM is the softness in Novell Netware as Microsoft takes increasing market share? I noticed they also have some products for the DEC ALPHA, but they don't mention that as being a problem (ahem). Finally, they mention something about their sales force QUITTING, a direct quote: "Other contributing factors include turnover in the sales force, and the subsequent time and cost required to recruit and train qualified replacement personnel."
...If I owned this stock, I'd be calling my lawyer.
Dan
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Storage Dimensions Anticipates Lower Second Quarter Results; RAIDPro Product Launch On Target
BusinessWire, Thursday, June 05, 1997 at 16:35
MILPITAS, Calif.--(BUSINESS WIRE)--June 5, 1997--Storage
Dimensions, Inc. (NASDAQ:STDM), the leading independent vendor of high-availability RAID storage systems for the PC-LAN market, today announced that it anticipates second quarter results will fall below
the Company's expectations. |
