View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 23, 1997updated 05 Sep 2016 12:59pm

IBM STORAGE SYSTEM MIGRATION AFFECTS ZITEL Q2

By CBR Staff Writer

Zitel Corp, Fremont, California is in a flap because IBM Corp is phasing out its early generation Ramac 2 in favor of the new Ramac 3 – both IBM products although some Storage Technology Corp arrays are also called Ramac 3. IBM is still selling some of its own Ramac 3 products, and both IBM products use Zitel technology; and the company says that royalties from IBM were impacted during the second quarter. It also said that it is uncertain how the transition will affect future royalty payments. Zitel lost $1.9m – the equivalent of $0.13 a share – on sales of $2.8m in its second quarter ended March 31. In the corresponding quarter last year, Zitel earned $984,000, or $0.06 a share.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU