Western Digital is to cut 2,500 jobs, or about 5 per cent of its global work force, and will reduce executive pay as a result of the global economic situation.
Citing weakening demand for its products, the hard drive maker the company now expects fiscal second-quarter sales of USD $1.7 billion to $1.8 billion, with a "consequent reduction in operating results."
Posts Tagged: storage
With 2008 fast drawing to a close biz-news.com is seeking YOUR help in choosing outstanding candidates for the titles of Man/Woman of the Year and Product/Service of the Year.
We would like you to nominate an individual and/or product/service that you feel has contributed greatly to the Storage sector over the past 12 months.
The winner will be selected from the nominations submitted by our readers – professionals and technology enthusiasts in the industry.
Pioneer has announced plans for a one terabyte (1TB) Blu-ray disc that could be on the market by 2013.
With a 400GB disc already ready for launch and a half-terabyte disc expected to follow shortly, there may be some questions about how such an abundance of storage can be used.
Flywheel energy storage systems manufacturer Pentadyne Power Corporation has promoted Claude Kalev to the position of Chief Technical Officer.
Kalev was a co-founder of Pentadyne when the company was incorporated in 1998.
But he only officially joined the company in 2002, as Vice President, Electrical Engineering.
It wasn’t THAT long ago that anything over 1GB of storage in a Flash drive was considered impressive.
Now Kingston Technology has launched its new DataTraveler 150, a 64GB USB Flash drive.
This supercedes last month’s offering – a mere 32GB – as the largest in the outfit’s entire DataTraveler line.
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Virtualization is the technology with the potential for having the most “significant impact” on enterprises over the next three years, according to Gartner.
Every year the analyst firm highlights the top 10 technologies and trends it predicts will be strategic for most organizations.
Hewlett-Packard is to spend USD $360 million in cash to buy storage virtualization company LeftHand Networks.
The company covers two areas currently receiving a lot of attention – allocating storage for virtualized servers and the using Ethernet for storage networks.
Desktop computing remains the largest market for hard drives but the young upstart – consumer electronics – is the fastest growing.
Storage.biz-news.com spoke to Daniel Mauerhofer, of storage giant Western Digital, to find out more about this evolving market.
High-Definition Storage experts, Pivot3, have announced the first public demonstration of its Serverless Computing platform at ASIS International 2008 in Atlanta, Georgia.
The new platform, which runs NVR software on the storage node rather than requiring its own dedicated server, will be demonstrated in three locations at the show at the World Congress Convention Center.