Moving and Storage Business News

The News Review:

- Foreclosures become windfalls for storage firms
- Education: High School, Drop Out
- Source: Public Storage
- Storage on trial: if your company is faced with a lawsuit, you could…
- VMware Puts Storage in Motion

Foreclosures become windfalls for storage firms
Staten Island Advance – Oct 7, 2007
Percentage-wise, the borough ranks second in foreclosures among the state’s counties. Though a definite number of foreclosure victims who have put their belongings in storage is uncertain, facility managers say they’ve noticed a spike in the last year. “It’s good for business,” said the manager of a South Shore facility — he asked to remain anonymous — which is owned by a national storage company. “A lot of people are losing their homes. People just can’t let go of stuff. ” Those in need of storage space have options. A number of locations from South Beach to Travis and Charleston have blossomed in the last decade, with many facilities opening here in the last 10 years.

Education: High School, Drop Out
Forbes – Oct 7, 2007
Gradually moved into currency trading late 1970s; still an active trader today. Also main investor in Tavistock Group, which has interests in more than 100 companies including Simply Self Storage, which claims to be largest privately held storage company in U. Has homes all over the world including one at Lyford Cay and another at Isleworth, an Orlando golf community he bought out of receivership 1990s. Developing 6,700-acre community, Lake Nona, near Orlando, and resort in the Bahamas, Albany Golf & Beach, with friends Tiger Woods and Ernie Els. Distribution of Billionaires by ResidenceDiameter of disc reflects size of fortune.

Source: Public Storage
Forbes – Oct 7, 2007
Lost potential customers with confusing signs: people thought “Private Storage” meant closed to the general public. New name brought them in droves. Today Public Storage is the nation’s largest self-storage company, with over 2,000 facilities around the world. Last year bought rival Shurgard for $5. 5 billion in hostile takeover; Seattle storage outfit has a window on the coveted European market. Supports cancer causes, particularly childhood leukemia. Donated $200 million to Parker Hughes Cancer Center in St.

Storage on trial: if your company is faced with a lawsuit, you could…
Free with registration – Computerworld – AccessMyLibrary.com – Oct 8, 2007
Here’s how to be the hero. (SPOTLIGHT: STORAGE) –> COPYRIGHT 2007 Computerworld, Inc. WHAT IS A data-retrieval plan worth to a company caught up in litigation? For Morgan Stanley, $15 million. In 2006, the Wall Street firm agreed to pay that sum in fines to resolve an investigation by U. regulators into its failure to retain e-mail messages. E-mail played a central role in the (later overturned) $1.

VMware Puts Storage in Motion
Enterprise Storage Forum – Oct 8, 2007
The company, owned by storage giant EMC, today announced updates to its mainstay VMware Infrastructure software, including VMware ESX Server 3. 5 and VirtualCenter 2. Set to be available sometime “later this year,” the software will include new features that VMware says will make life easier for data center managers. According to Bogomil Balkansky, VMware’s senior director of product marketing, the latest iteration takes virtualization to the next level by simplifying the process of moving data from one storage array to another in the data center…
Set to be available sometime “later this year,” the software will include new features that VMware says will make life easier for data center managers. According to Bogomil Balkansky, VMware’s senior director of product marketing, the latest iteration takes virtualization to the next level by simplifying the process of moving data from one storage array to another in the data center. “For the past four years, VMotion has been the lynchpin or cornerstone of our software,” he said. “It migrates live, running virtual machines from one physical machine to another, giving users degrees of flexibility they’ve never had before. Now we’re doing the same thing for storage. The new release adds Storage VMotion, which Balkansky said will do the exact same thing for storage arrays, allowing data center managers to seamlessly transfer data from one storage array to a new storage array, and eliminate the planned downtime that companies have to deal with every time they return a leased array or replace it with a new one.