View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
June 9, 1997updated 05 Sep 2016 12:50pm


By CBR Staff Writer

Storage Dimensions Inc, Milpitas, California disk subsystems integrator, is warning that it will report a second-quarter loss on revenues down 10% to 15% from the first-quarter total of $20.9m. Salomon Brothers cut the company’s stock to buy from strong buy and figures the loss should come in at about $0.07, compared to original estimates of $0.17 per share in earnings. The company offers a host of excuses for the shortfall, including softness in the PC-LAN market, price erosion on disk drive components, an understaffed sales force and the cost of rolling out it new RAIDPro product. Gross margins are expected to be between 34% and 35%, down from 36.4% last time, and operating expenses should rise 5% to 8% from the first-quarter total of $6.6m. Shares in the company plunged with the bad news, closing down $3.9375, or more than 38%, at $6.3125 on Friday.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

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 Progressive Media Investments 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.