Moving and Storage Business News

The News Review:

- U-Store-It Trust Announces Departures of Chairman of the Board Robert…
- HPCCP Has Been On BUYINS.NET Naked Short List For 13 Consecutive…
- 3PAR Attempts to Solve Storage Overprovisioning

U-Store-It Trust Announces Departures of Chairman of the Board Robert…
sys-con.com – Feb 20, 2007
Amsdell, the Chairman of the Board of Trustees (the “Board”)of U-Store-It Trust (the “Company”), retired from the Board effective as ofFebruary 13, 2007. The Company is conducting an inquiry into actions by Mr. Amsdell and Todd C. Amsdell, President of U-Store-It Development LLC, asubsidiary of the Company, that the Company considers to be in violation oftheir employee non-solicitation obligations and in violation of their dutyto act, in their positions with the Company, in the best interests of theCompany and its shareholders. Amsdell’s resignation had beenrequested by the members of the Board (with the exception of Barry L…
About U-Store-It TrustU-Store-It Trust is a self-administered and self-managed real estateinvestment trust focused on the ownership, operation, acquisition anddevelopment of self-storage facilities in the United States. The Company’sself-storage facilities are designed to offer affordable, easily-accessibleand secure storage space for residential and commercial customers. According to the 2006 Self-Storage Almanac, U-Store-It Trust is one of thetop five owners and operators of self-storage facilities in the UnitedStates. Non-GAAP Performance MeasurementsFFO is a widely used performance measure for real estate companies and isprovided here as a supplemental measure of operating performance. TheCompany calculates FFO in accordance with the best practices describedin the April 2002 National Policy Bulletin of the National Association ofReal Estate Investment Trusts (the “White Paper”). The White Paper definesFFO as net income (computed in accordance with GAAP), excluding gains (orlosses) from sales of property, plus depreciation and amortization, andafter adjustments for unconsolidated partnerships and joint ventures.

HPCCP Has Been On BUYINS.NET Naked Short List For 13 Consecutive…
Free with registration – M2 Presswire – AccessMyLibrary.com – Feb 20, 2007
net, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: Huntington Preferred Capital Inc (NASDAQ: HPCCP). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities.

3PAR Attempts to Solve Storage Overprovisioning
Enterprise IT Planet – Feb 20, 2007
With a price starting at $65,000, it has 2 3PAR Controller nodes, up to 12 FC and 4 iSCSI ports and up to 63 TB of capacity. He believes that it cuts storage administration by 90 percent as the administrator can respond instantly to demand. Self-configuration features enable the provisioning of storage in 15 seconds with no pre-planning. Fast RAID 5 features, for example, are enabled by a special. html>ASIC and a massively parallel architecture that allows for RAID 5 where only RAID 1 was appropriate before. This translates into 66 to 88 percent less disk capacity being needed for data protection…
Market UptakeMarket acceptance for 3PAR arrays has been rapid. The company has achieved a growth rate of 110 percent a year over the past few years and now has 230 employees. It has shipped more than 12,000 TB to around 200 customers worldwide. This includes about 400 Utility Storage deployments. As a result, Gartner Inc.