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Storage hardware sales are holding up only a little better than server sales: IDC estimates...

Storage hardware sales are holding up only a little better than server sales: IDC estimates sales of standalone arrays fell 0.9% Y/Y in Q1, a reversal from growth of 2.3% and 4.7% in Q4 and 2012. Total storage sales (inc. server-attached gear) fell 3.2% after rising 0.7% in Q4.  In the standalone market, IDC thinks #1 EMC had a 30.4% share (+140 bps Y/Y), #2 NetApp (NTAP) 14.9% (+80 bps), #3 IBM 10.9% (-50 bps thanks to a rough quarter), and #4 H-P (HPQ) 9.3% (-100 bps and also not faring well). Also: IDC thinks storage software sales rose 3.2% Y/Y in Q1. #1 EMC's share is pegged at 23.9%, #2 IBM's at 16.8%, and #3 Symantec's (SYMC) at 14.7%. CommVault (CVLT) and Veeam gained more share, growing 23% and 35% Y/Y.
Comments (5)
  • Scott Eranger
    , contributor
    Comments (115) | Send Message
     
    EMC is solid. They can weather this storm. $30.00 this time next year.
    10 Jun 2013, 07:35 PM Reply Like
  • financeminister
    , contributor
    Comments (852) | Send Message
     
    They had $30 price target last year also. This stock is a value trap and has been range bound. This stock is like a rubber band... you can get it stretched a few notches above 25 max and then it pulls back to the low 20s. It's been range bound and any news makes it either go up or down. IBM or NetApp or Rackspace does bad in the storage business? Then this is bad for hardware and EMC tumbles. VMW does bad or has low guidance, EMC tumbles. EMC appoints new CEO for VMW, EMC share price jumps. EMC announces dividend, share price jumps...

     

    I don't know... lost hope in this stock... felt like it was a value trap and waited for over a year to appreciate. Bought it at 24 and sold it today. Got piece of mind...that cash can be put to better use elsewhere.
    10 Jun 2013, 10:52 PM Reply Like
  • Panoplos
    , contributor
    Comments (861) | Send Message
     
    More bad news for HPQ. I hold to my thesis.
    11 Jun 2013, 04:50 AM Reply Like
  • Scott Eranger
    , contributor
    Comments (115) | Send Message
     
    @financeminister..Appr... and understand your opinion. I own EMC at $15.00. At one time I had 10,000 shares. Now, only 3,000. I think they'll find a way to perform, but I do agree they're stuck in a trading range.
    11 Jun 2013, 07:50 AM Reply Like
  • Ilioula
    , contributor
    Comments (37) | Send Message
     
    Simple, AWS white box will eat every ones' breakfast, lunch, lupper and supper. I sold 2/3 of my IBM holdings 'til they show they can adjust to ferocious tech driven deflation.
    11 Jun 2013, 08:31 AM Reply Like
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