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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (14151)	4/23/2002 8:59:27 AM
From: JakeStraw	Read Replies (2) \| Respond to of 17183

IBM to Introduce Storage Software Systems in 2003 Reuters Technology By Caroline Humer biz.yahoo.com New York (Reuters) - International Business Machines Corp. (NYSE:IBM) on Tuesday said its next generation of data storage software systems, including its long-awaited system code-named ``Storage Tank,'' will go on sale in 2003. Armonk, New York-based IBM, which has grabbed market share from data storage maker EMC Corp. (NYSE:EMC) with its ``Shark'' storage machine, first announced plans for a new type of storage management system at the end of 2000. Increased demand for storage software comes in part as companies have begun moving their data onto networks so that the information can be shared. ``There is a new bottleneck that becomes obvious as you start to move storage to the network: How do I manage all of that storage, how do I make it transparent, and then obviously how do I make it less costly?'' Linda Sanford, the head of IBM's storage group, said in an interview. With corporate technology spending dollars expected by many analysts to decrease in 2002 from 2001, data storage software is seen as a sweet spot because of its relatively lofty profit margins. In addition to No. 1 computer maker IBM, EMC and Hitachi Ltd. (6501.T) are working on storage management software that will enable companies to manage data that is stored on machines made by their competitors. IBM said last week that it had agreed on a broad alliance with Hitachi to develop data-storage products to communicate with the machines and software of other companies. The so-called open storage movement is seen as the next phase of competition for the industry. IBM's Sanford said the company will incorporate standards set by an industry group into the systems and that the company's virtualization software will be based on Linux, an open source operating system for which the code in the public domain. IBM's virtualization software allows companies to make better use of data by increasing access to it and by improving storage utilization, IBM said, while Storage Tank will enable users to access, save, share and manage files on storage networks. The system will be launched with its xSeries computer servers for corporations, which are based on Intel Corp. (NasdaqNM:INTC) microprocessors.