5:35 PM -- Mellanox inched closer to becoming the first storage company to go public in 2007 late Tuesday, when it set a target range for its IPO price of $12 to $14 per share.
It will likely have plenty of company by time the year is out.
The InfiniBand chip firm will likely price its shares and become a public company around the first week of February. And judging from the 2006 storage IPOs of Riverbed, CommVault, Double-Take, and Isilon, Mellanox will likely clock in near the high end of its range. (See Double-Take, Isilon Go Public, CommVault Swims in Public Pool, and Riverbed Comes Out at $9.75.)
Riverbed and Isilon had IPO prices above their target range, while CommVault and Double-Take hit the high end of their targets. If Mellanox hits $14, it would beat the IPO price of all but CommVault, which opened at $14.50.
But the firm Mellanox most wants to emulate is Riverbed, which opened at $9.75 in late September and hit a closing price of $32.47 today -- making its shares the highest priced of the new storage IPOs.
Bob Friday, Chief AI Officer for Juniper Networks, explains how the advanced technology is transforming operations.
Contact center leaders from 8x8, Awaken Intelligence, and 360insight discuss the importance of agent experience.
AI may force enterprises to rewire parts of their data centers so they are fully optimized to run such workloads. The question is do you use Ethernet or InfiniBand?
