SATA has been expected to greatly impact the market, he said. In spite of last quarters results, we still remain optimistic about the future.
Dot Hill's revenue of $48.8 million for the first quarter was down sequentially from $57.5 million, and it posted a slight loss coming off a profitable quarter.
Bucking the Trend
Adaptec joined EMC in increasing revenues sequentially, going up 5 percent to $121.3 million (see Adaptec Posts Q4 Profit). Adaptecs net income of $6.6 million, or $0.06 per share, was up from $5 million in the previous quarter.
CEO Bob Stephens attributed the increase to strong OEM sales of Adaptecs storage systems. Even he admitted surprise at the sequential uptick. Frankly, none of us were all that certain that IT spending would continue at the rate we saw at the end of last quarter, Stephens said.
Dave Raffo, Senior Editor, Byte and Switch
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