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2006 Top 10: On the Hot Seat: Page 4 of 5

  • No. 4: BakBone

    A bunch of storage companies have had to restate their earnings for a variety of reasons over the past few years, but BakBone has set the standard for futility. BakBone has gone 31 months since it revealed it must restate earnings, got delisted by the Toronto Stock Exchange last May, and actually found new accounting irregularities in June. Things have gotten so bad that CEO Jim Johnson has quit putting out periodic updates promising a quick resolution to the problem. Meanwhile, BakBone's product team has made frequent updates and tried to stay technologically relevant. But it's hard to see BakBone become more than a niche player in a market that includes giants Symantec, EMC, and IBM, and newly public CommVault.

  • See BakBone Reviews Its Accounting
  • See Academic Joins Cryptomathic
  • See BakBone Takes Aim

    No. 3: Sun Microsystems

    It's been 15 months since Sun closed its $4.1 billion acquisition of StorageTek, and it has yet to deliver a cohesive storage strategy or convinced people they're serious about storage. Following a year of executive turmoil that saw changes at the top of the company as well as throughout the storage division, David Yen is charged with figuring things out in 2007. He's got his work cut out for him trying to tap in to whatever innovative spirit remains since the STK acquisition and reviving the vendor's core business of server. How about planting a flag in the virtualization space?

  • See Sun Storage Chief: We're Not for Sale
  • See Sun Names Storage Boss
  • See Sun Takes Action Amidst Concerns

    No. 2: Overland Storage