To its credit, however, Storage Computer may have a shot at putting up decent numbers in its fourth quarter as well. In the August conference call, chief operating officer John Thonet said he expected to generate at least $1.35 million in the fourth quarter from the sale of a database product to Crimson Media, an online video acquisition portal. The company also planned to introduce a network attached storage product with failover capabilities and the ability to address multiple networks.
Nonetheless, the future remains a wild card. The company notes in a September filing with the Securities and Exchange Commission that it has enough money to continue operating through June 30, 2002. It warns: "Our longterm continued operations depend upon cash flows from operations, if any, and the availability of additional equity or debt financing."
- Tom Davey, special to Light Reading, http://www.lightreading.com
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