Stories by Lucas Mearian

EMC reports third-quarter loss, more layoffs

Data storage giant EMC Corp. Wednesday reported a loss of almost US$1 billion in its third quarter, the company's first loss in almost a dozen years. EMC officials blamed the loss, at least in part, on the Sept. 11 terrorist attacks.

Wal-Mart taps IBM for mainframe/storage project

Wal-Mart Stores Inc. will be rolling out a multimillion-dollar mainframe consolidation and storage expansion project using IBM Corp. systems that analysts say is a boon in Big Blue's struggle against storage market leader EMC Corp. and others.

Vendors test IP-based storage technologies

Two groups of vendors have set up separate transcontinental and global storage networks based on emerging IP-based data-transport standards. But the storage-over-IP technologies still aren't expected to be robust enough for enterprise uses for at least another year, say analysts.

Nasdaq CIO leaves for Capital One job

Nasdaq Stock Market CIO Gregor Bailar is leaving to head up Capital One Financial Corp.'s IT department, where a business executive vice president and a technology executive had been sharing the CIO role for the past year and a half.

Analysts split on EMC layoffs, third-quarter loss

Analyst reaction was mixed to EMC's announcement yesterday that it expects a third-quarter loss and a second round of layoffs by the end of this year, with at least one analyst saying the company has lost it vision.

Feds build SANs to handle growing user demand

Two ongoing projects by federal agencies underscore the need in the public and private sectors for building storage-area networks (SAN) because of increasing demands from end users and customers to access information.

US ATTACK: Y2k plans aided in recovery

The US$5 billion that Wall Street spent to address the Y2k problem is now paying off with last week's terrorist attack on New York's financial district, IT managers said. But there have been other issues, from communications to personnel management, that in many cases were never considered in past disaster planning, experts said.

EMC keeps focus on high-end Symmetrix

Data storage market leader EMC Corp. last week announced three new Symmetrix disk arrays, saying they offer users twice the raw storage capacity and 16 times the number of mainframe Escon connections supported by the company's existing devices.

US ATTACK: The toll on Wall Street

Financial services firms face spending billions of dollars to replace IT equipment and software in the wake of the terrorist attack on New York's World Trade Center last week, said industry experts. But customer and business-critical data appear to have been saved by robust automated remote data-backup technologies and effective disaster-prevention strategies.

EMC keeps focus on high-end Symmetrix

Data storage market leader EMC Corp. last week announced three new Symmetrix disk arrays, saying they offer users twice the raw storage capacity and 16 times the number of mainframe Escon connections supported by the company's existing devices.

US ATTACK: The toll of terror on Wall Street

Financial services firms may have to spend billions of dollars to replace IT equipment and software in the wake of this week's terrorist attack on New York's World Trade Center, said industry experts. But customer and business-critical data appear to have been saved by robust automated remote data-backup technologies and effective disaster-prevention strategies.