100 lines
4.6 KiB
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100 lines
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From fork-admin@xent.com Sat Sep 21 10:43:20 2002
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From: "Mr. FoRK" <fork_list@hotmail.com>
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To: <fork@spamassassin.taint.org>
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Subject: Sun Nabs Storage Startup - buys Pirus Networks
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Date: Fri, 20 Sep 2002 22:43:14 -0700
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Related to the MS acquisition of XDegrees?
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==
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http://www.internetnews.com/infra/article.php/1466271
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Sun Nabs Storage Startup
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By Clint Boulton
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Amid the flurry of news at its own SunNetwork 2002 conference in San
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Francisco, Sun Microsystems Thursday said it has agreed to purchase data
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storage concern Pirus Networks for an undisclosed amount of stock.
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The Palo Alto, Calif. networking firm bought the Acton, Mass.-based startup
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with a keen eye for the startup's switching (define) devices and
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virtualization technology. Used as part of a storage area network (define),
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virtualization is the pooling of storage from many network storage devices
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into what appears to the operating system to be a single storage device that
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is managed from a central console.
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Though major vendors make similar technology, Pirus competes with the likes
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of Rhapsody Networks and Confluence Networks. Sun plucked Pirus after
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scouting some 65 companies.
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Mark Lovington, vice president of marketing for Pirus, told internetnews.com
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that Pirus and Sun have been in discussion for a while about a possible
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acquisition. Pirus, he said, succeeded in a goal it shares with a lot of
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storage startups -- to be acquired by one of the major systems vendors, such
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as Sun IBM, HP, Hitachi.
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"This is a huge opportunity for Pirus in a storage market dominated by 6,7
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or 8 system-level players," Lovington said. "Sun sees this acquisition as a
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critical element to their N1 initiative. The synergies were quite obvious."
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N1 is Sun's hopeful tour de force in distributed computing (define)
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architecture, which involves multiple, remote computers that each have a
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role in a computation problem or information processing. N1 is being styled
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as the answer for companies looking to manage groups of computers and
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networks as a single system -- at a lower cost and with greater flexibility.
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While lagging behind other, more entrenched players, Sun is gaining ground
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in the storage market with its Sun StorEdge Complete Storage Solutions,
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according to a new report by IDC. John McArthur, group vice president of
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IDC's Storage program, said Sun Microsystems and IBM posted the largest
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increases in total storage revenue over Q1 2002, with 32% and 11% gains,
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respectively. As of Q2, Sun held a 9 percent market share, with revenues of
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$411 million.
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Sun's acquisition of Pirus is expected to close in the second quarter of
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Sun's 2003 fiscal year, which ends December 29, 2002.
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