Recent Articles
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Zenith Infotech Defaults, Zenith RMM Spin Off Questioned
Zenith Infotech has defaulted on $33 million in foreign currency convertible bonds, and the default has apparently triggered remaining bonds to come due for a total of $85 million, according to the Times of India. One of the bondholders, New York-based QVT Financial, told the Times that the default means the other bonds are accelerated…
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DataDirect Networks Introduces WOS 2.0 Storage Appliance
Information storage company DataDirect Networks unveiled the next generation of its Web Object Scaler system, WOS 2.0. With this release, DDN introduced accessibility and data protection features to complement an appliance built on a cloud storage system, which the company said is capable of scalable performance 70 percent faster than Amazon S3 and more than…
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RIM Gives Away BlackBerry Apps in Outage Mea Culpa
Research In Motion has decided that a few free apps will ease customer pain over widespread BlackBerry outages last week. RIM claimed in an Oct. 17 statement that the apps would be available over the coming weeks on BlackBerry App World. The 12 apps listed so far include games such as Sims 3 and N.O.V.A.,…
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Data Center Hardware Spending to Hit $99 Billion in 2011: Gartner
Worldwide data center hardware spending is projected to reach $98.9 billion in 2011, up 12.7 percent from 2010 spending of $87.8 billion, according to IT research firm Gartner. Data center hardware spending is forecast to total $106.4 billion in 2012 and surpass $126.2 billion in 2015. Gartner identifies data center hardware spending as including servers,…