posted
Exabyte Corporation (OTCBB: EXBY) Monday's market went up 11.67% to $0.019 per share, with a total of 294,518 shares traded.
The company announced the availability of Tandberg Data's RDX QuikStor to its channel partners in the U.S. RDX QuikStor is a new disk-based storage device with removable disk cartridges for data backup and archival storage, designed for SMB and professional office users. Made possible by the pending purchase of Exabyte assets by Tandberg Data, this marks the first time that Exabyte has offered a disk-based system to complement its family of VXA and LTO tape products. RDX QuikStor is a disk-based storage system with removable disk cartridges that offers rugged, reliable and convenient backup. It combines the benefits of tape - reliability, portability, archive life, and low cost - with the performance, speed, random access, and ease of use of hard disk technology, all at a competitive price. The product is available in two configurations: an internal (3.5" or 5.25") SATA docking bay or an external USB docking bay. RDX QuikStor features fast transfer rates of 30-35 MB/sec. (SATA 2.0) and 25 MB/sec. (USB 2.0) and a range of native storage capacities via 40, 80, and 120 GB removable disk cartridges. The rugged shock-proof design of the removable disk cartridge means it is protected even under the most extreme conditions. RDX QuikStor ships with Symantec Backup Exec QS backup software and is compatible with all the leading backup applications. Its well-defined product roadmap and a three-year warranty provide maximum investment protection.
Exabyte Corporation engages in the design, manufacture, and marketing of tape storage solutions worldwide. It offers information storage products, including tape drive and automation products, and recording media based on VXA packet drives, autoloaders, and tapes to read and write data in small, digital packets similar to the Internet. The company also provides and supports automated tape drive products that incorporate tape drives and multiple media cartridges. It sells tape storage, media, and automation solutions for workstations, midrange servers, and enterprise storage networks through a network of original equipment manufacturers, distributors, and resellers. The company was co-founded by Juan Rodriguez and Kelly Beavers in 1985 and is headquartered in Boulder, Colorado.
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11/27 09:30 OTC BB Currency: USD
Price 0.011 Change -0.000 % Change -0.901 Bid 0.011 Ask 0.012 Open 0.011 Volume 1,550 High 0.011 Low 0.011 52-Week High 1.31 (11/28/05) 52-Week Low 0.00 (10/24/06) 1-Yr Return -99.185%
EARNINGS
Earnings Past 12 Months -1.962 Quarter Est. EPS() N.A. Quarter Est. EPS() N.A. Year Est. EPS() N.A. Price/Earnings (Trailing) N.A. Relative P/E N.A. Earnings Growth Rate N.A. Estimated P/E N.A.
FUNDAMENTALS
Shares (Millions) 28.151 Market Cap (Millions) 0.310 Float (Millions) 23.872 Return on Equity N.A. Short Interest N.A. Last Dividend Reported N.A. Dividend Yield (Trailing 12mo.) N.A. Relative Dividend Yield N.A.
Price for EXBY:USSECTOR COMPARATIVE RETURNS
Chart the Performance of EXBY:US EXBY:US SPX:IND
COMPANY PROFILE
Exabyte Corporation designs, manufactures, and markets 8mm tape drives and 8mm and DLTtape robotic tape libraries. The Company also provides its own brand of recording media, software utilities, and service and support. Exabyte focuses on the information storage and retrieval tape drive market for workstations, mid-range computer systems, and networks. Advertisement: Get Forbes columnist Ken Fisher's new investing book!
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Unless indicated otherwise: intraday data is at least 15 minutes delayed; mutual fund NAVs are updated at the close of every market day; all prices are in the local currency; Time is ET.
Earnings data from Bloomberg and Zacks Investment Research
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Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Sell 20 Day Moving Average vs Price Sell 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: - Hold 20-Day Average Volume - 532055
Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Sell 50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Sell 50-Day Average Volume - 289532
Long Term Indicators 60 Day Commodity Channel Index Hold 100 Day Moving Average vs Price Sell 50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 67% - Sell 100-Day Average Volume - 266965
Overall Average: 16% - Sell
Price Support Pivot Point Resistance
0.0111 0.0110 0.0111 0.0112
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posted
Tandberg Data Acquires VXA(R) Packet Technology With Purchase of Exabyte
Jan 3, 2007 07:00:32 (ET)
BOULDER, Colo., Jan 03, 2007 (BUSINESS WIRE) -- With its acquisition of Exabyte assets, Oslo, Norway-based Tandberg Data becomes an integral member of the VXA Alliance. As the new owner of VXA Packet Technology and all intellectual property associated with it, Tandberg Data executives have shared their enthusiasm with the VXA Alliance and reaffirmed their commitment to the roadmap for next-generation VXA products by fully funding product development budgets.
In conjunction with the closing of the transaction, Tandberg Data announced that it has integrated the VXA-2, VXA-172 and VXA-320 into its tape drive and tape automation product portfolio. Moving forward, the combined company will conduct business under the Tandberg Data name throughout the world and will continue selling both Tandberg and Exabyte-branded products, including a full line of VXA drives and autoloaders in the US channel.
"Our engineers thoroughly evaluated VXA Packet Technology, and we clearly recognized the benefits and value of the VXA platform as well as its potential in the worldwide SMB market. It was a significant factor in our decision to acquire Exabyte," said Tandberg Data CEO Gudmundur Einarsson. "With greater global reach, a stronger U.S. channel, and a product portfolio that now includes VXA drives and automation, Tandberg Data is well positioned to provide customers and partners even greater value."
According to Tandberg executives, planning and development of the fourth generation of VXA Packet Technology has been ongoing since the release of VXA-320. Product development is fully funded in the company's 2007 budget, which includes additional engineering resources from Oslo, Norway to support operations in Boulder, Colorado. According to the product roadmap, fourth-generation VXA products will double performance to a data capacity of 320/640 GB (native/compressed) and a data transfer rate of 24/48 MB per second.
"Our next generation VXA products are on schedule for release in the second half of 2008," explained Tom Ward, Tandberg's COO (former president and CEO of Exabyte), "which is well within our planned window and matches the timeframe our OEM customers will be ready for VXA's next step up in capacity and speed."
"The VXA Alliance demonstrates the broad industry support that exists for VXA Packet Technology," said James Milligan, General Manager, Imation Commercial/OEM Division for the Americas. "As a proud member of the alliance, we look forward to working with Tandberg Data to continue the momentum for VXA through coordinated activities and programs that showcase the unique benefits of VXA Packet Technology for SMB companies."
Tandberg Data announced on August 30 of last year that it had signed an agreement with Exabyte Corporation to acquire substantially all of it assets. With the deal complete, Tandberg Data is expected to reach worldwide revenue of approximately $200 million for 2006, establishing the Norwegian company as the second largest player in the data storage industry (OEMs not included).
Current members of the VXA Alliance include: Adaptec, Computer Associates, EMC Corporation, Fujitsu Siemens Computers, Imation, Ingram Micro, Matsu****a Electric Industrial, Ltd. (Panasonic), Sony, Symantec, TDK, Tech Data, TOLIS Group, and Tandberg Data. VXA products are available from the world's leading OEMs and through a global network of distribution partners and reseller. For more information about VXA Packet Technology and to learn more about the VXA Alliance, visit www.VXA.com .
About The VXA Alliance
The VXA Alliance, which includes many of the world's most prominent names in data storage, is a tape storage industry group focused on providing information and education to the marketplace on the benefits of the VXA Packet Tape format and advocating for the continued global adoption of VXA as a standard for the SMB and departmental markets. VXA, a patented tape format owned by Tandberg Data Corporation, utilizes discreet digital data packets rather than traditional tracks resulting in significantly enhanced data reliability. VXA drives and autoloaders have been selected by many of the world's leading OEMs, including IBM, Apple, Fujitsu Siemens Computers, and Fujitsu Ltd., providing a definitive endorsement of the VXA platform as a standard for tape storage in its class. For more information, visit www.VXA.com .
SOURCE: Tandberg Data
SJI, Ltd. - PR & Communications for the VXA Alliance Bill Marino, 303-988-5133 bill*sjiltd.com
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