Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

First Union Initiates SAN Coverage: Page 2 of 2

Out of all her picks, Gross is most wary of Network Appliance. “Its dominance of the NAS market is vulnerable to rapidly increasing competition." The Byte and Switch venture capital survey found 12 startups all chasing this space
(see Venture Capital Survey).

“The overall growing demand for storage products and the high return on investment afforded by storage area networks is good news for all these companies,” says Gross.

The news seemed to please the market, as five out of six of the companies ended the day up against the previous day of trading. Network Appliance closed up 9% at 12.48; Brocade up 2.91% at 32.91; McData up 3.31% at 18.75; and StorageNetworks topped the lot, up 15.10% at 6.25. EMC was the only one that didn’t move, staying at $19.72.

— Jo Maitland, Senior Editor, Byte and Switch http://www.byteandswitch.com

Movers and shakers from more than 100 companies – including Brocade and Network Appliance – will be speaking at StorageNet, Byte and Switch’s annual conference, being held in New York City, October 2-5, 2001. Check it out
at
StorageNet2001