Moving and Storage Business News

The News Review:

- Market report: Banking sector feels the strain as Northern Rock…
- Seagate’s Watkins Sounds Off
- Ritchie Bros. auctioning land near proposed Union Pacific site.
- Would you, could you invest a million in valley start-ups?: NAMES OF…

Market report: Banking sector feels the strain as Northern Rock…
Telegraph.co.uk – Sep 21, 2007
Evolution said it was shaving its forecast fractionally to reflect the disruption from a massive refurbishment programme but was returning the stock to the buy list “because of the weak performance of the share price over the summer”. In May, the shares were trading at 825p. Lok’n Store, the self storage company, was in focus as Audley Capital increased its holding to 12. Audley is the investment vehicle for Julian Treger, who is well known in the City as a shareholder activist. The shares ticked up ½ to 198½p.

Seagate’s Watkins Sounds Off
BusinessWeek – Sep 21, 2007
But storage has never been well respected as an industry. When Seagate first launched, it couldn’t get any venture capital funding. This was about 1980, and the Valley was funding everything, but it wouldn’t fund a storage company. The first drive from Seagate was 5 megabytes. And there were these letters from all these VCs saying that no one in their right mind would ever need 5MB of storage. And that was 1980, and even now some people can’t see why they would ever need 100 gigabytes. But people are sucking up lots of storage.

Ritchie Bros. auctioning land near proposed Union Pacific site.
Free with registration – Greeley Tribune – AccessMyLibrary.com – Sep 21, 2007
21–Even before plans have been finalized for a controversial Union Pacific rail yard near Fort Lupton, businesses are already hoping to profit from it. Auctioneers plans to sell 36 acres located less than a mile from the site proposed for a Union Pacific rail yard, which is currently studying the feasibility of moving from Denver to a site between Fort Lupton and Brighton.

Would you, could you invest a million in valley start-ups?: NAMES OF…
Free with registration – San Jose Mercury News – AccessMyLibrary.com – Sep 21, 2007
Shuhail Tayeb’s company was clearly part of “all the rest. ” The founder and chief executive of BrokerStorage obviously took a name that cut to the chase. He wanted money to build out a business geared to moving mortgage loan documents from the physical world of places like Public Storage into the digital realm. Clad in a tan suit and tie, Tayeb had the polished.