Moving and Storage Business News

The News Review:

- Market Report: Worries over Iran knock shares off winning run
- REIT buys into local shopping assets
- Are you being served?
- Storage newcomers fight uphill battle

Market Report: Worries over Iran knock shares off winning run
The Independent – Independent – Mar 27, 2007
1 per cent of the group. Lok n’ Store added 14. 5p on news that the self storage group had sold its Kingston site for £10m. The company bought the property 11 years ago for just £1m. Finally, Public Service Properties Investments (PSPI) made its debut on AIM.

REIT buys into local shopping assets
CityWire.co.uk – Mar 27, 2007
It aims to provide good growth prospects off low and affordable rental levels, allowing it to target a gross dividend yield of 4. Former Quintain chief executive Mike Riley will run the company along with Nick Gregory. Nick Vetch from Big Yellow, the self-storage group that recently elected to REIT status, and Andrew Cunningham from Grainger, the listed residential investor, will both be on company board. Grahame Whateley, the multi-millionaire property entrepreneur, will be its chairman. As at 28 February, the company had built up a portfolio valued at 205. 1 million of property spread across 475 assets, with 1,465 letting units producing an overall net rental income of 13.

Are you being served?
The Age – Mar 27, 2007
They can focus on the business and on delivering theright software services for the business without being so tangledup in hardware infrastructure. Today the company has more than 4 million users and 20,000corporate clients. It was acquired by data storage and managementcompany EMC in early 2004. Dr Rosenblum says the original idea behind VMware came about inthe mid-1990s, when he saw some colleagues assembling asupercomputer. “I was trying to use it not as a supercomputer, which they wereintending it for, but to hold a whole data centre’s worth ofcomputing,” he says. Now he believes the ability to carve up the base platform in theway that VMware offers is likely to become a standard feature ofcomputing. “I look at quad-core machines and ask how you use those thingsin a data centre without virtualisation,” Dr Rosenblum says…
“And this is not futuretechnology – this is offerings that HP has today. Virtualisation technology is now embedded throughout HP’sproduct lines, including its blade servers and storage systems. HPhas also created its own tools for easily moving virtual serversacross different machines. “Once you virtualise your environment, you can then move thingsaround seamlessly without affecting other bits and pieces,” MrJones says. “What it essentially does is redeploy resources asneeded. In the unlikely event that something does fail, itautomatically brings (another server) online. However Gartner analyst Jeffrey Hewitt believes the lack ofavailable skills in Australia around x86-based virtualisationtechnology could inhibit the adoption of the technology, especiallygiven what he considers to be the risk-averse nature of Australianserver buyers.

Storage newcomers fight uphill battle
Search Storage – Mar 27, 2007
Moonwalk: Cutting out the middlewareMoonwalk’s products were originally developed to move NetWare files but now support all the major operating systems on its host-based file management agents. The company officially announced this week that version 6. 0 of its self-titled.