Exabyte to sell out
PrintIndependent tape maker calls in bankers
Posted in IT Channel, 7th July 2006 15:34 GMT
Free whitepaper – Straight Talk with Dell: Sending out an SaaS
Magnetic tape and drive maker Exabyte has put itself up for sale after CEO and finder Juan Rodriguez resigned.
Formed in 1985, the firm's stock has plummeted from $15 in 2004 to 10 and a half cents at close of dealing on Wall Street on Thursday. It has made losses six years running.
The board has appointed St Charles Capital to broker a way out. A press release says it would consider a sell-off or a merger.
It is thought likely that Exabyte will be a target for a second-tier storage company after its customer base. ®
Free whitepaper – Managing desktop software for fun and profit
What Exchange can't do - and Dell can
Expert Roundtable: The Register Agile Data Center Summit
Dell PowerEdge R710 solution with VMware ESX vs. Dell PowerEdge 2850 solution
Seven ways to lower storage costs
Sign up, sign up for The Register IT security newsletter
Microsoft's Windows 7 price gamble - and why it's flawed
Managing Desktop Software for fun and profit
Intel's flash new SSDs hit by bugs