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Storage Weathers the Economic Storm

Despite plenty of economic doom and gloom, many storage vendors are weathering the current storm, as evidenced by recent solid results from 3PAR, Isilon, and Compellent.

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

Even Sun, which otherwise struggled with a tough U.S. spending climate in its fourth quarter, enjoyed a solid performance from its storage business.

Storage demand [is] healthy,” wrote Pacific Growth Equities analyst Kaushik Roy, in a note last week. “We feel Brocade’s 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.”

Analysts are currently estimating NetApp revenues of $861.6 million, and earnings of 22 cents per share, although at least one expert foresees an even more bullish performance.

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