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Storage Shines Amidst the Gloom

All the talk of economic doom and gloom has done little to dampen the enthusiasm of the storage zealots on the Byte and Switch message boards, who urged us to consider the recent financials of vendors such as Isilon and 3PAR.

Sure, some vendors, namely Quantum and Sun, are not having the easiest time of it at the moment. But there are plenty of signs that, overall, storage is performing admirably in a tough spending climate.

NetApp and Brocade, for example, are expected to give the sector a boost with strong results tomorrow, following in the footsteps of storage bellwethers EMC, HP, and IBM.

"Storage demand [is] healthy," wrote Pacific Growth Equities analyst Kaushik Roy, in a note last week. "We feel Brocades fundamentals are strong at this time. EMC, QLogic, IBM, LSI [and] HDS all reported strong results and we expect NetApp to beat revenue and EPS for July quarter."

These bullish sentiments were echoed by Citigroup analyst Paul Mansky.

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