Moving and Storage Business News

The News Review:

- HP Plans Storage for Small Biz
- SEC Wants Details of Executive Pay
- UPDATE 1-Symantec shares slip as Merrill Lynch cuts ahead of results.
- TAMG Buses Arrive in Cameroon

HP Plans Storage for Small Biz
Enterprise Storage Forum – Jul 25, 2006
These types of “all-in-one” functionality are a big deal for SMBs, which typically don’t have the level of expertise on their often barebones IT staffs to set up complex storage networks, HP said. Why is HP focusing its energy on such machines?
Young said customers have asked HP for such an inclusive networked storage device that can expand depending on data needs, is easy to manage and integrates with existing infrastructure. She said that while the storage market for SMBs is growing dramatically, some 60 percent to 70 percent of small companies are still not moving to networked storage. Rather, they are sticking with direct-attached storage (. html>DAS) because it is easier to implement and understand… , company wants to maintain its lofty position in the SMB storage niche, where it competes with IBM, EMC and Network Appliance, among others. While HP has traditionally been a force to be reckoned with in the SMB market, the company got dinged two years ago around this time after announcing that its third-quarter storage sales plummeted 15 percent from the previous year’s quarter. The following year, HP CEO Mark Hurd joined the company and has been steadily taking steps to streamline HP divisions and boost accountability to return to greater profitability. Time will tell on all of these maneuvers. But so far, so good. In May, HP reported an 8 percent increase in StorageWorks sales in the second quarter from the same period in 2005. Article courtesy of.

SEC Wants Details of Executive Pay
San Francisco Chronicle – Jul 25, 2006
They’re also writing new rules on disclosure of the dating of stock options as controversy widens over suspect timing. The Securities and Exchange Commission is voting at a public meeting Wednesday to adopt the biggest changes in rules governing disclosure of executive compensation since 1992. Public companies for the first time will be required to furnish tables in annual filings showing the total yearly compensation for their chief executive officers, chief financial officers and the next three highest-paid executives. The plan, designed to enhance corporate transparency and address an issue that has angered company shareholders and the public, comes as the controversy builds over timing of options grants… was charged with fraud. Reyes and another former executive of the maker of data storage devices, Stephanie Jensen, also face civil charges lodged by the SEC. Their attorneys have said that their clients are innocent. A central allegation in the government’s case involves backdating of options awards. The authorities also allege that Reyes and Jensen regularly backdated minutes of meetings of the company’s board so that it appeared that the compensation committee granted options on dates that Brocade’s share price was relatively low. In fact, the authorities allege, no such meetings occurred on those dates.

UPDATE 1-Symantec shares slip as Merrill Lynch cuts ahead of results.
Free with registration – America's Intelligence Wire – AccessMyLibrary.com – Jul 25, 2006
(25-JUL-06) The America’s Intelligence Wire. ‘s shares eased on Tuesday, moving lower a day in advance of the company’s quarterly results and after an analyst downgra.

TAMG Buses Arrive in Cameroon
CCNMatthews – CCNMatthews (press release) – Jul 25, 2006
The buses, 17 urban buses and 11 rural buses, arrived in very good condition after their ocean voyage. Only one bus required minor repair.