Hosting News
Rackable Systems To Divest Rapidscale(TM) Storage Business
August 14, 2008 |
|
Company to Expand Storage Portfolio Through Strategic Partnerships
FREMONT, Calif., August 14, 2008 Rackable Systems, Inc. (NASDAQ:RACK),
a leading provider of servers and storage products for large-scale data centers,
today announced it intends to divest its RapidScale™ line of storage solutions.
This business line includes patents, hardware assets, a development team and
on-going business relationships. The RadipScale solution delivers high levels of
performance while improving capacity and performance scalability, ease of data
management and capacity utilization.
RapidScales clustered file system solutions provide high performance I/O
connectivity between servers and commodity-based storage subsystems.
The product highlights include:
• Truly parallel architecture for near-linear scaling, making it possible to
build very large storage clusters that scale in both capacity and performance,
while maintaining simple management and low cost
• Patent portfolio covering key technology differentiators including the
management of local client cache buffers in a clustered computer environment,
methods for retrieving and modifying data elements on a shared medium, and
methods and systems for network storage device failure protection and recovery
• Distributed Parity Engine offering high availability which ensures the entire
global file system will stay available even during the failure or outage of an
entire storage target
• World-class engineering team with over 200 years of combined experience across
clustered file systems, block level storage, backup facilities, iSCSI and open
source
As discussed on the companys recent Q2 earnings call, the decision was made to
seek strategic alternatives for the RapidScale product and thus Strategic
Advisory Services International, LLC has been retained as the financial advisor.
Rackable Systems storage portfolio also includes Linux and Microsoft Windows™
ready Integrated and Network Storage Servers, which provide incredible
configuration flexibility and leading levels of power efficiency and density.
Available with a choice of AMD or Intel processors, a variety of chassis
profiles including Half-Depth and Standard-Depth, 2U or 3U rack-mount chassis,
and up to 18 hot-swap SAS or SATA II disk drives, these solutions significantly
lower operational costs at the data center level.
Cautionary Statement Regarding Forward Looking Statements
This press release contains forward-looking statements, including statements
regarding Rackable Systems intention to divest its RapidScale line of storage
solutions and the announcement of a global partnership. Any statements contained
in this press release that are not statements of historical fact may be deemed
forward-looking statements. Actual results may differ materially from
forward-looking statements due to a number of risks and uncertainties including:
Rackable Systems may not be able to find a buyer for the RapidScale line,
Rackable Systems operates in a very competitive market, and increased
competition has in the past, and may continue, to cause pricing pressure on
Rackable Systems' products, which would negatively affect Rackable Systems'
gross and operating margins, as well as other financial measures; a significant
portion of the company's revenues come from a small number of customers, and so
the delay in placing an order, or the failure of a significant customer to place
additional orders, could have a significant negative effect on Rackable Systems'
financial performance; orders for Rackable Systems' products can be received at
the end of the quarter, and so a delay in placing an order in the fourth quarter
could have a significant negative effect on Rackable Systems' financial
performance for the year; the failure of the RapidScale products to achieve
market acceptance; Rackable Systems is unable to control component pricing, such
as DDR memory pricing as has happened in the past, and as a result component
pricing can rise unexpectedly, negatively impacting Rackable Systems' gross
margins as well as other financial measures; Rackable Systems may be required to
write-off additional significant amounts of excess and obsolete inventory; and
new products by competitors may come on the market, which would decrease the
demand for Rackable Systems' products. Detailed information about these and
other potential factors that could affect Rackable Systems' business, financial
condition and results of operations is included in Rackable Systems' Form 10-K
under the caption "Risk Factors", in Part I, Item 1A of that report, filed with
the Securities and Exchange Commission ("SEC") on March 13, 2008, as updated by
Rackable Systems subsequent filings with the SEC, all of which are available at
the SEC's Web site at www.sec.gov. You are cautioned not to place undue reliance
on forward-looking statements, which speak only as of the date of this release.
Rackable Systems undertakes no responsibility to update the information in this
press release.
About Rackable Systems
Rackable Systems, Inc. (NASDAQ:RACK) is a leading provider of Eco-Logical™
servers and storage products for large-scale data center deployments. The
Company's products are designed to provide benefits in the areas of density,
thermal efficiency, serviceability, power distribution, data center mobility and
remote management. Founded in 1999 and based in Fremont, California, Rackable
Systems is a founding member of The Green Grid and serves Internet, enterprise
software, federal government, entertainment, financial services, oil and gas
exploration and high performance-computing customers worldwide.
To learn more about Rackable Systems visit
www.rackable.com
Contact Information:
Divestiture Inquiries
John Rotchford, Managing Director
Strategic Advisory Services International, LLC
(760) 944-3522
john@sasillc.com
Rackable Systems
Nicole Noutsios
Investor Relations
(510) 933-8088
investorrelations@rackable.com
|
Click here for more information |
ASP Hosting Companies
 | Since 1996 ActiveHost has been dedicated to offering advanced ASP and ASP.NET hosting services. With a proven track record of surpassing client expectations time and time again, ActiveHost has grown to a world leader in advanced Microsoft based hosting. Because we are focused on the developer in leveraging state-of-the-art technology and superior customer service, we provide one of the best values available in the hosting industry. Being a Microsoft Certified Partner and a Microsoft Web Presence Provider we fully support all of Microsoft e-business technologies. We like what we do and it shows! Plans start at $14.95. |  |  | 3 MO. FREE/NO SETUP FEES – ASP/.NET Hosting w/ ASP.NET 3.5!
Award Winning ASP/.NET Hosting now offering ASP.NET 3.5. Classic ASP & ASP.NET (all versions) w/ real time ASP.NET Version Chooser. ASP.NET AJAX, LINQ, & Silverlight Ready. Scheduled Tasks, MS SQL 2005 w/ Real Time Back up Tool, FREE MS SQL Management Tool Suite & More!! | |  | EnergizedHosting offers reliable Dedicated hosting!
No Set UP Fees or Hidden Charges
Our Dedicated Servers Are the Best In the Industry
Affordable Prices – Starting only $99 a month
Top notch support with all plans
Limited Time receive 1st month half off! | |  | World class servers at world beating prices!
eSecureData.com, a leading data center in the industry, offers super-servers and generous amount of bandwidth in the industry US$149/month with no setup fee. Choose from Windows OR Linux OS.
| |  | GalaxyVisions
• Tier1 Bandwith Providers
• Fedora, CentOS, Windows OS
• CPANEL/WHM, Plesk Control Panels
• Personalized MRTG Graphs and RPC Reboot
• Managed Server
• 24x7 Phone Support Monitoring
Visit www.GalaxyVisions.comFor more Specials
| |  | 1000MB disk space. US$7.65 per month. ASP ASP.net PHP.
Exa-Bytes specialize in quality Web Hosting solutions at affordable prices, along with the best technical support and customer service in the industry, Exa-Bytes provides custom solutions for your personal and business Internet needs. | |  | Switch to SingleHop's Windows Dedicated Servers and get $200 Cash
Back!
SingleHop Dedicated Servers - Get $100 For Signing Up, $200 for
Switching From ANY Competitor | |  | Being the choice of the best web hosting review sites 100mostdynamic.com stands to prove that our wow-fast 24/7 helpful customer support, the variety of features and the flexibility in custom hosting plans makes us one of the most reliable and user-friendly hosting solutions.
Features: ASP with great variety of components, ASP.NET, PHP, Perl, FrontPage, HELM control panel, Advanced Statistics, MS Access, MS SQL, MySQL, webmail, mailing lists, daily&weekly backups, and much more..
30-day money-back guarantee, standard plans start at $6.95. You can also design your own custom hosting plans. | |  | 3SHost.com
3SHost provides Unmetered Bandwidth ,Lowest prices, CentOS & Windows
2003,CGI,PHP,PERL,SSI,MYSQL, SQL 2005,ASP,.NET
2 ,DotNetNuke4,Frontpage 2003 ,CPANEL10(Linux)& Inspanel(Windows),24/7
Technical Support, No setup fee. | |  | Hostway Virtual Private Servers (VPS) - Dedicated server hosting at a fraction of the cost. For Developers, Resellers and Systems administrators, it delivers performance, security and flexibility. Ideal for processor intensive applications or hosting multiple domains. Root and managed options. Full administrator access through Plesk Control Panel. Linux, Suse or Fedora Platforms, open source tools and software, 10Gb Disk, 50Gb Traffic. From £49.95 a month. 300,000 satisfied customers worldwide, Hostway - hosting the way you want it.
Simple, reliable, cost-effective ASP hosting.
Hostway’s ASP driven solutions include support for ASP3 & ASP.NET v.1.1, with MSSQL, MS Access, Advanced Website Tools & Analytics (Urchin), STM1 connectivity, Daily Data Backup and 99.9% Network uptime. All this and the most functional control panel around. Shared solutions from £8.95/mth, see our website for dedicated pricing. The No.1 Global Hosting Provider. | |  | Nevidia Hosting is now offering $3.50 Windows hosting that includes FREE setup. With a 30-day unconditional money-back guarantee, 24/7 technical support, and a 99.9% uptime guarantee, it has never been easier to put your website online. :::Featuring :: ASP, PHP, ASP.NET, FrontPage, Webtrends Live! Statistics, webmail, control panel, MS Access, mailing lists, dedicated IP, daily backups, and much much more! | |  | Windows Dedicated Servers
Full Line of Windows Dedicated Servers!
FAST Windows Virtual Servers using Virtual Server 2005!
Both Loaded with over $2,000 in Software!
Fully Secured and Configured!
Call us today at (800) 317-8552!
| |
|
Feature Host
SingleHop
We Manage IT Differently
|
