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The storage division is now worth twenty per cent less than it was a decade ago.
But he says management is cutting costs and the stock price fails to reflect Seagate's acquisition of Control Data's data storage division.
EMC was also blindsided by a price war initiated by Hitachi Data Systems, a unit of Hitachi Ltd., the deep-pocketed Japanese company, and joined by I.B.M.'s data storage division.
But if Millipede proves commercially viable, it probably won't be built by IBM, because IBM sold its storage division in 2002 as part of an effort to shed low-margin businesses.
But if Millipede proves commercially viable, it probably wont be built by IBM, because IBM sold its storage division in 2002 as part of an effort to shed low-margin businesses.
Lithium-ion batteries already meet many of the specific needs of large-scale utility customers, offering a reliable product from stable providers, says John Zahurancik, president of the energy storage division of AES, a power project developer increasingly focused on battery systems.
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Despite the precipitous decline in Sun's market value, no other company has expressed interest in a buyout until recently, very possibly a result of the complexity of integrating the company's interconnected server, software and storage divisions.
By then, according to Bob Scranton, who is vice president of technology for IBM's storage-systems division, storage density will have reached about 70-100 gigabytes per square inch, compared with about 1 gigabyte per square inch today.
The former storage technology division of IBM is now part of a joint venture with Hitachi".
On the other hand, the information storage services division grew by 4% year-on-year to $4.2 billion through the first three quarters.
The acquisition was run out of the Data and Storage Platform division at Microsoft, with an intention to integrate the Datallegro application into Microsoft SQL Server and the data application suite.
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