Moving and Storage Business News

The News Review:

- U-Store-It Announces the Date of Its Third Quarter 2007 Earnings…
- Waikato lockups illegally converted to homes
- CSCMP explores green’s urgency
- Quantum Corporation’s Fiscal Second Quarter Results Show Continued…
- Samsung Unveils 64GB Flash Memory Chip

U-Store-It Announces the Date of Its Third Quarter 2007 Earnings…
sys-con.com – Oct 24, 2007
The reservation number for both is 259783. 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. Forward-Looking StatementsCertain statements in this release that are not historical fact mayconstitute forward-looking statements within the meaning of the Section 27Aof the Securities Act of 1933 and Section 21E of the Securities ExchangeAct of 1934. Such statements are based on assumptions and expectations thatmay not be realized and are inherently subject to risks, uncertainties andother factors, many of which cannot be predicted with accuracy and some ofwhich might not even be anticipated. Although we believe the expectationsreflected in these forward-looking statements are based on reasonableassumptions, future events and actual results, performance, transactions orachievements, financial and otherwise, may differ materially from theresults, performance, transactions or achievements expressed or implied bythe forward-looking statements…
Although we believe the expectationsreflected in these forward-looking statements are based on reasonableassumptions, future events and actual results, performance, transactions orachievements, financial and otherwise, may differ materially from theresults, performance, transactions or achievements expressed or implied bythe forward-looking statements. Risk, uncertainties and other factors thatmight cause such differences, some of which could be material, include butare not limited to: national and local economic, business, real estate andother market conditions; the competitive environment in which the Companyoperates; the execution of the Company’s business plan; financing risks;increases in interest rates and operating costs; the Company’s ability tomaintain its status as a REIT for federal income tax purposes; acquisitionand development risks; changes in real estate and zoning laws orregulations; risks related to natural disasters; potential environmentaland other liabilities; material weaknesses in our internal financialreporting; and other factors affecting the real estate industry generallyor the self-storage industry in particular. The Company refers you to thedocuments filed by the Company from time to time with the Securities andExchange Commission, specifically the section titled “Business – RiskFactors” in the Company’s Annual Report on Form 10-K, which discuss theseand other risks and factors that could cause the Company’s actual resultsto differ materially from any forward-looking statements. Contact:U-Store-It TrustChristopher P. MarrChief Financial Officer(610) 293-5700Published Oct. 24, 2007 Copyright © 2008 SYS-CON Media. All Rights Reserved.

Waikato lockups illegally converted to homes
Waikato Times – Oct 24, 2007
” Another Waikato storage manager said he also found someone sleeping in one of his units after noticing someone hanging around at the weekends. The man did not want to be named as the owner of the company did not know of the incident. Four other Waikato storage companies spoken to said they had not found anybody sleeping in their sheds. Guardian Self Storage truck driver David Kemp said he had never come across anyone in his two years with the company. Although some of their units had electricity, it was only available to commercial companies who had a valid reason. In Wellington, at least two people are living in a small cluster of lockups in the Lower Hutt suburb of Taita. Tucked away behind light industrial buildings, the double row of sheds is home to Ross – who would not give his full name for fear of being evicted by the council – his dog Kaiser and a cat.

CSCMP explores green’s urgency
MMH.com (subscription) – Oct 24, 2007
It is a usage tax equivalent to a sales tax on services performed in Michigan. This would affect any company in the state that handles, redistributes or adds value to other companies’ goods. “When Michigan did their analysis of this tax they thought they were catching self-storage warehouses, but instead they used a North American Industrial Classification (NAICS) code that defines warehousing in the broadest sense,” Anderson told Modern. “All of a sudden they picked up an industry 20 times bigger. ”Anderson, president and CEO of the…
It is a usage tax equivalent to a sales tax on services performed in Michigan. This would affect any company in the state that handles, redistributes or adds value to other companies’ goods. “When Michigan did their analysis of this tax they thought they were catching self-storage warehouses, but instead they used a North American Industrial Classification (NAICS) code that defines warehousing in the broadest sense,” Anderson told Modern. “All of a sudden they picked up an industry 20 times bigger. ”Anderson, president and CEO of the.

Quantum Corporation’s Fiscal Second Quarter Results Show Continued…
Free with registration – PR Newswire – AccessMyLibrary.com – Oct 24, 2007
In addition, we increased our disk systems and software revenue by nearly 100 percent year- over-year, with growing momentum behind our DXi-Series disk-based solutions featuring data de-duplication and replication. ” Among the other highlights in the quarter, Quantum’s branded sales reached an all-time high as a percentage of total non-royalty revenue, which helped drive the company’s strong gross margin performance and reflected its continued success in building a more end-user focused business. Nevertheless, Quantum said it recognized the need to demonstrate further branded revenue growth and that this would be a major priority moving forward. Quantum’s product revenue, which includes sales of the company’s hardware and software products, totaled $185 million in FQ2’08. This represented a net decrease of approximately $10 million over FQ2’07, with greater revenue contributions from tape automation and disk systems and software partially offsetting a decline in.

Samsung Unveils 64GB Flash Memory Chip
PC World – Oct 24, 2007
Wednesday announced that it has built a 64Gbit NAND flash memory chip. The new flash storage device utilizes 30-nanometer processing technology and was developed using Samsung’s self-aligned double patterning technology (SaDPT), said Samsung officials. The company said it plans to start manufacturing 30-nanometer 64Gb NAND flash devices during 2009. Samsung has already applied for as many as 30 patents for the new flash memory chip, officials said in a statement. By combining a total of 16 separate 64Gb flash devices, businesses can create a 128GB flash storage device capable of holding up to 80 DVD movies or 32,000 MP3 music files, noted Samsung.