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To: cthd who wrote (25895)6/4/2001 12:46:13 AM
From: puborectalis  Respond to of 37746
 
Veritas expanding software to new turf
By Stephen Shankland
Staff Writer, CNET News.com
June 3, 2001, 9:00 p.m. PT
Veritas is trying to spread its software dominion from the core servers found deep within corporate networks to lesser but still important computers, the company plans to announce Monday.
Veritas sells software that keeps computing services available--or in a state of "high availability," to use the industry idiom--by making sure one computer can take over for a fallen comrade. Previously, this "failover clustering" technology has been expensive and complicated enough to restrict its use chiefly to powerful back-end database servers at companies with big budgets.

In coming months, though, the Mountain View, Calif., company will begin selling two new products, said Jonathan Martin, director of product management for high availability.

First, Veritas is extending its Cluster Server software so it will work on "application servers," less powerful computers that process information sent to and from the back-end servers. Second, the company will begin selling Cluster Server Traffic Director, "load-balancing" software that controls how jobs are shared within groups of application servers or the servers that send out Web pages.

The expanded strategy will require Veritas to get its software to work in cooperation with that of a larger group of software companies and will expose the company to new competitors such as Cisco and F5 Networks. But if the initiative is successful, it could mean a major expansion of Veritas' customer base.

Clustering is difficult. Veritas is an accepted leader in the market, but server companies including Sun Microsystems, Compaq Computer, IBM and Hewlett-Packard all have their own versions. Microsoft, too, is gradually expanding Windows' clustering features.

In addition, many companies are trying to elbow into Veritas' storage software specialty.

The new version of Cluster Server, designed to make clustering easier to set up for two-computer systems, costs $5,000 per computer and is expected in the third quarter, Martin said. The Traffic Director package is expected in the fourth quarter, but pricing hasn't yet been set.



To: cthd who wrote (25895)6/4/2001 1:05:02 AM
From: truthcommission  Respond to of 37746
 
I don't like Cramer much myself, but you can't argue with his success running his hedge fund. He had one bad year ('98) where the fund was only up 1%, but other than that his fund smoked the S + P 500, even after fund expenses. One of my friends has been invested with him for years, this is how I know. Last year they did a 35% return, not bad for a 300 million dollar fund in a bear market.