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

To: stockman_scott who wrote (4260)	12/18/2001 3:59:45 PM
From: Gus	Respond to of 4808

"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. This is funny. Last August, HDS publicly stated that it was going to increase sales by 50% every six months on its way to becoming the number 2 storage player by the end of 2002, or in 16 months. That, of course, didn't pan out as HDS was forced to ratchet down its projections a few months later. Despite this, the new HDS CEO is now declaring that it is going to become the top storage player by the end of 2004, or about 3 years from now. Its virtualization product is not even expected to hit the market until early 2003 at the earliest! .....We are looking to increase our revenues by more than 50% every six months. Last year we topped 50% growth and this year we should do the same..... ......We admit that we've got some way to go before we are the same sort of size as EMC, but we plan to be number two in storage by the end of 2002....... it-analysis.com .....HDS is the last of the five largest suppliers of SAN storage arrays to reveal its virtualization plans publicly. EMC Corp, Compaq Computer Corp, Hewlett-Packard Co and IBM Corp have already done so. HDS now faces an extended sprint to catch up with its rivals, which apart from IBM are either shipping virtualization technology or have promised to do so by the end of next year at the latest. Until HDS ships its own products, which it says will not happen for another 18 to 24 months, the company will rely on third-party virtualization suppliers..... cbronline.com Additionally, the combined HDS/Hitachi currently has 11% of the overall external storage market, 3% of the SAN market, 2% of the NAS market and less than 1% of the Storage Software market. Clearly, HDS/Hitachi is expecting EMC, IBM and Compaq -- which control 68% of the fastest growing storage market (NIS) -- to throw rose petals in front of it on its way to becoming number 2 by the end of 2002 and number 1 by the end of 2004. If the Big 3 refuse to cooperate then I suppose that HDS' loyal OEMS (Sun and HWP) will be there to pick up the slack.<g>