Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Gus who wrote (4259)	12/17/2001 11:41:11 PM
From: stockman_scott	Read Replies (2) \| Respond to of 4808

Hitachi storage group names new CEO By Stephen Shankland CNET News.com Monday December 17 06:00 PM EST Hitachi Data Systems has named Shinjiro Iwata as its new chief executive and declared its intention to displace EMC as the top storage company by 2004. Iwata, a 29-year veteran of HDS parent company Hitachi, spent four years at HDS, where he helped to create the alliance with Hewlett-Packard that propelled the company's high-end storage systems into mainstream use. Since August 2000, he's been general manager of Hitachi's International Business Planning and Development Division. The company has aggressive plans for the future, including funds of up to $1.25 billion to invest in mergers and acquisitions within the next year. In 2002, the company's goal is more market-share expansion, a direction that likely means a continuation of the price war between HDS and its larger rival, EMC. EMC and HDS specialize in high-end storage systems that can maintain connections with many servers simultaneously, handling large numbers of transactions as information is written to and read from databases. EMC once enjoyed plump profit margins, but the slumping economy has forced it to cut prices to keep up with competition from IBM's Shark product as well as HDS' 9900 "Lightning" system sold by HP and Sun Microsystems. Compaq Computer, too, now has a competing product. EMC, unwilling to cede customers, saw its gross margin drop from 57.7 percent in the third quarter of 2000 to 30 percent in the same quarter in 2001. Two other HDS executives have been promoted to new posts in the company. Marlene Woodworth has been named executive vice president of global marketing and operations, where she will focus on expanding direct sales as well as partnerships with other sales channels. Christine Wallis now is vice president of global strategy and planning. Iwata's predecessor, Jun Naruse, has been moved back to the parent company to lead its Information Systems and Telecommunications Group. "Under my leadership the new executive team will continue to focus heavily on strategic direct sales, global alliances and technology innovation to forge ahead with our goal of becoming the No. 1 storage company by 2004," Iwata said in a statement.

To: Gus who wrote (4259)	12/18/2001 11:39:14 AM
From: J Fieb	Read Replies (3) \| Respond to of 4808

Gus, others, why did BRCD need the 500 million? To buy something? Here is a good Yahoo thought... longmired2001 12/18/01 11:26 am Msg: 68662 of 68673 Hi all. I am just over here temporarily from the MCDTA board to help fuel speculation as to why BRCD needs another $500m. There are signs everywhere that BRCD is heavily recruiting new sales and marketing people for one main reason - they are planning to go to their market directly! If it is true, it is a huge gamble as it will really piss off their big OEM customers. However, they have to find some way of taking more control of their market because MCDTA has taken plenty of high-end market share from them so far this year. The 12000 core switch was launched on the same day that MCDTA launched its new 6000 Series Director (way back on April 9th)as an attempt to dull the MCDTA initiative but it is still someway off. Could this thought be closer to the truth?