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Technology Stocks
StorageNetworks, Inc. (STOR)
An SI Board Since March 2000
Posts SubjectMarks Bans Symbol
187 29 0 STOR
Emcee:  Glenn Petersen Type:  Unmoderated
Web site: storagenetworks.com

From the S-1:

We are the leading data storage services provider. We are building the first global data storage network, allowing our customers to connect their computer systems, or ``plug in', to our network to store and access their data in much the same way they obtain and use electricity or telephone service. We believe that our data storage utility model provides our customers increased availability, security, functionality and control over their data, at a price they could not replicate internally. We are building and expanding a dedicated fiber optic network which connects our Storage Point of Presence, or S-POP, data centers in major metropolitan areas. Each S-POP data center is a storage facility containing disk and tape storage systems. Our metropolitan storage networks are connected to each other and to a central monitoring and control center through long distance fiber optic connections. This combination of long distance fiber networks and metropolitan storage networks creates our Global Data Storage Network, which we call our GDSN.

Our Global Data Storage Network currently includes over 20 S-POP data centers in 11 metropolitan areas in the United States and one in London. We expect to have more than 50 S-POP data centers in operation in the United States and selected international locations by the end of 2000. The majority of our S-POP data centers are located at web hosting facilities operated by companies such as AT&T Web Hosting Services, Exodus Communications, GlobalCenter and Level 3 Communications. We are focused exclusively on storage, and more than 150 of our approximately 350 employees are storage experts who assist businesses in designing and implementing their data storage strategies. Our customers include established enterprises and Internet-based businesses that require large volumes of data storage capacity in a wide range of industries, including financial services, communications, energy and natural resources, health and education.
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187Lights out for the thread. The initial distribution was for $1.6529 and the shaGlenn Petersen-1/20/2004
186Glenn, thx for the rehash. A sad story nonetheless. At least itS a good textbookCrossy-8/1/2003
185I bought this POS at $8 and watched it go to $24 in like 2 or 3 weeks, only to nim a survivor-8/1/2003
184Crossy, The liquidation was inevitable. I have not traded the stock for about Glenn Petersen-8/1/2003
183Glenn, finally unlocking value - I always had STOR as an arbitrage play in my poCrossy-8/1/2003
182<b>StorageNetworks to liquidate, fires most workers</b> Thursday JuGlenn Petersen-7/31/2003
181Glenn, I like this. Good way to unlock the value here. It's trading below caCrossy-3/9/2003
180<b>StorageNetworks hires investment bankers Waltham firm looks at optionsGlenn Petersen-3/6/2003
179Nicholas, there's another Dutch Insurance/Bank co. called ABN-Amro - ING is Crossy-3/2/2003
178Thanks for responses to both stor and sman, Crossy. I've followed you for quNicholas P. Acquaviva Jr.-3/2/2003
177Nick, I still have my STOR position due to the fact that they are trading below Crossy-3/2/2003
176Crossy, Your expected "much improved financial condition, GAAP profitabiliNicholas P. Acquaviva Jr.-3/2/2003
175KG4, re: averagig down funny I almost never do it. The problem is that you oftenCrossy-1/16/2003
174On alot of stocks, averaging down actually paid off...many stocks I bought for $im a survivor-1/16/2003
173KG, understand your feelings. Always good to set MENTAL stop losses on Nasdaq stCrossy-1/15/2003
172I bought this......company at I think $7 a share last year....watched it go to $im a survivor-1/15/2003
171re: NasaqNM: STOR $1.37 - Breakout on increasing value I added STOR (StorageNeCrossy-1/14/2003
170<b>StorageNetworks replaces CEO, plans to fire about half its staff</b&Glenn Petersen-1/9/2003
169STOR has an EBITDA positive quarter: biz.yahoo.com Thursday April 18, 7:22 am Glenn Petersen-4/18/2002
168>>Sounds like the bottom line is: STOR was wrong about the need for their phoenix-3/27/2002
167These dramatic shifts in business strategy always bode ill for companies. SoundsRupert-3/27/2002
166Data-storage firms' shift to software alters industry boston.com By Ross KGlenn Petersen-3/25/2002
165The Morningstar is valid, but you apparently you are right about the "Reuteorangefluffycat-3/13/2002
164This was a lie-scam..They will be profitable in 2nd 1/2 2002. There will be law Venkie-2/26/2002
163Virtual death of a formerly nifty trading stock Morningstar gunning for themorangefluffycat-2/22/2002
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