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The powerful tape technology can address data security with tape encryption as well as long term data protection.
Discover what disk and tape really cost -- and which solution provides lower total cost of ownership and optimizes energy use for your organization
The Clipper Group explores the truth behind the myths of tape, digging into the misconceptions in the disk vs. tape debate.
Over two thirds of disk-only users look to add tape back into storage infrastructure according to recent survey.
Positive earnings news this week from vendors including Symantec, Adobe and Comcast, along with macroeconomic news, continued to buoy spirits of IT investors at the tail end of a better-than-expected earnings season for technology.
SAP results for the first calendar quarter, announced Wednesday, were under expectations but had a silver lining. A slower rollout for its Business ByDesign product for small businesses, plus a weak dollar, led income to drop to €242 million, or US$372 million, a 22 percent decline in income from last year. Weakness of the dollar against the euro hurt, since the German company generates much of its sales in the U.S. But the company's cost picture is looking good: It raised its operating margin forecast for the year to between 28.5 percent and 29 percent, compared to 27.3 percent in 2007.
Some analysts stressed the positive aspects of the report. Ovum analyst Warren Wilson noted that revenue growth, though below expectations, was nevertheless in the double digits, and the company continues to gain share.
"SAP also claimed another quarter of market-share gains, its ninth in a row, and held 32.6 percent of the core enterprise applications market in the year that ended March 31, 2008, up from 28.2% a year ago," Wilson said in an e-mail. "We don't quarrel with the overall trend, or with the overall strength of SAP's financial results, especially given the 'headwind' of a falling U.S. dollar and economic slowdown."
In a generally up market on Thursday, SAP closed at $50.71, up by $0.48.
Also reporting on Wednesday, Symantec posted earnings of $309 million, a 50 percent leap up from last year and better than analyst expectations. The company highlighted a strong batch of recent security offerings and also pointed to the fact that more than 50 percent of sales come from high-growth markets outside of the U.S.
However, even some U.S.-centric companies had positive news. Comcast on Thursday reported that revenue rose 10 percent to $7.9 billion, fueled by high-speed Internet market gains. Profit declined by 12.5 percent to $732 million, but last year's quarter was boosted by an extraordinary gain related to the transfer of cable systems to Time Warner.
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