Hitachi CQ1'07 Storage Solutions Results - Highlights Sluggish Growth in N. America; EMC & Hitachi Gain High-End Share
"Hitachi Ltd. reported storage solutions revenue (includes both HDS + Hitachi Japan results) of ¥93 billion during its Mar 07 quarter. This equates to y/y growth of approximately 7%, or roughly flat on a sequential basis. This compares to EMC reporting a sequential revenue decline of 9% in its pure storage solutions revenue during CQ1'07; IBM reporting a decline of 2% y/y or more than 45% sequentially." (16-May-2006)
Hitachi Announces new High-End Universal Storage Platform V Arrays
"Despite a bit more scalability with regard to back-end virtualization support, Hitachi's announcement
was pretty much as we had expected with a focus on Thin Provisioning, a few new software enhancements, and
increased performance/connectivity. Hitachi continues to take a technology leadership position with regard to high-end
storage and virtualization; with Thin Provisioning representing the next layer of enhancement. We will be focused on the
ramp of these new high-end arrays looking into 2H'07 (expected to commence shipments in mid-June)." (14-May-2006)
Enterprise Storage & Networking Weekly Review
"With more than a 40% share in the high-end disk storage market, and an installed base of more than 3,000 USP/NSC solutions, Hitachi has clearly taken yet another step in enhancing its overall solid competitive positioning in the high-end disk array market." (30-May-2006)
Enterprise Storage/Networking Weekly Review
"We continue to believe HDS has established a leadership position in the high-end storage virtualization market. With more than 2,300 Universal Storage Platform and Network Storage Controllers (USP and NSC – high-end and midrange virtualization solutions, respectively) deployed, we believe Hitachi has enjoyed a
competitive advantage over its closets rivals – namely EMC and IBM." (27-Mar-2006)
CQ4’05 Storage Review – Expecting Positive Trends to Continue
"We believe Hitachi’s recent positive growth trends (+18% and +35% y/y during its
Sept and Dec 05 quarters) have been a direct result of the company’s leadership position in the high-end storage virtualization market – through both its high-end TagmaStore USP and midrange NSC solutions."
(28-Feb-2006)
Storage Data Points Following Hewlett-Packard’s Jan 06 Quarter Results
"HP also reported that its high-end XP-series (high-end arrays; rebranded Hitachi
Lightning/TagmaStore arrays) revenue grew 14% y/y (vs. +32% y/y in the prior quarter). This compares to EMC's high-end Symmetrix revenue remaining essentially flat y/y (+19% seq.). We estimate that HP continues to represent as much as 20% of HDS' total revenue; and therefore indicative of continued momentum
at HDS thus far during its Mar 06 quarter." (16-Feb-2006)
Hitachi FQ3'05 (Dec 05) Storage Results – Momentum Continues
"Leading Virtualization Position Continues to Pay Dividends: We believe HDS continues to garner traction with its virtualization capabilities. Approximately 40-45% of HDS' TagmaStore USP/NSC bids now include the company's Universal Storage Manager (vs. our estimate of 30-40% in the prior quarter). We continue to believe that HDS has taken a clear leadership position in the storage virtualization market - clearly outpacing EMC, which expects its Invista virtualization applications to begin to generate mat erial revenues looking into 2H’06."
Positive Storage Demand Trends Continue; Compnay Focused on Solutions Sales and Product Enhancements/Additions in 2006
"With end users continuing to embrace Hitachi's high-end storage virtualization strategy and checks suggesting that the company is on track to post yet another quarter of solid y/y growth (potentially in excess of 20% y/y), we believe Hitachi's competitive position has remained solid. We believe the company's Intelligent Virtual Controller solutions (USP and midrange NSC), which enable logical partitioning and support heterogeneous replication, continue to gain end user acceptance with checks/conversatio ns suggesting positive momentum in the company's existing installed base, as well as traction in prior all EMC and/or IBM environments. " (19-Dec-2005)
Hitachi FQ2'05 (Sept 05) Storage Results - Solid Upside; Conference Call with Scott Genereux (EVP, WW Sales) and Claus Mikkelsen (HDS' Chief Scientist)
"Hitachi Gains Market Share - Driven by TagmaStore Strength. Given a 6.5% seq. decline in EMC's highend Symm. business during CQ3'05 , and our belief that IBM continues to experience sluggish growth in its high-end DS8000 and DS6000 solutions, we estimate that Hitachi has gained as much as 7pp of market share in the high-end RAID market. We estimate Hitachi's high-end share at ~38%, versus EMC and IBM's ~42% and ~20% share, respectively. This represents Hitachi's highest share in more than four years." (02-Nov-2005)
HDS Road Show; Interview with Scott Genereux (EVP, WW Sales)
"From a deal perspective, we believe Hitachi continues to benefit from a larger deal trend, which we attribute to the company's increased focus on a "solutions" sales approach...With refreshes in both its high-end and midrange solutions over the past year, and an increasing focus on the NAS market we believe HDS has a solid story from a
technology standpoint." (27-Sep-2005)
Hitachi Storage Results - TagmaStore Ramp Beginning to Materialize?
"Hitachi recently reported its F2004 and FQ4'04 (Mar 05) quarterly results, which we believe were relatively in-line
with typical seasonal FQ4 trends, but also representative of some TagmaStore traction." (28-Apr-2005)
Hitachi Announces TagmaStore Arrays; Enhances Strong Position in High-End
"We continue to believe that Hitachi remains an extremely formidable competitor in both the high-end and midrange external disk storage markets. With yesterday’s announcement we do believe Hitachi is positioned to potentially regain share within
the high-end disk storage market over the next few quarters…" (08-Sep-2004)
Computer/Semiconductor Weekly - April 2004, Week 5
"For the March (fiscal fourth) quarter, Hitachi’s SAN/NAS Storage Solutions revenue (which includes HDS, Hitachi storage less Japan) grew to 71 billion Yen (up 9.2% sequentially; up 1.4% year-over-year). When adjusting for negative currency impacts (i.e. Yen/US $
of approximately 106 versus 107 in the prior quarter), Hitachi revenue totaled
approximately $676 million (up 11% sequentially; up 16% year-over-year)."
(03-May-2004)
A.G. Edwards Research Report
This 40-page report appraises EMC's recent announcement and compares EMC's latest technology to that of HDS, IBM. (27-Feb-2003)
A.G. Edwards Research Report
According to the analysts at A.G. Edwards, "HDS has now taken the top spot in the high-end disk market." (15-Jan-2003)
HDS—A Rising Force in SAN Components
According to the analysts at A.G. Edwards, Hitachi Data Systems has increasing influence on the SAN components market. (18-Jun-2002)
HDS—Strong New Product Cycle Raises the Bar
This report covers every key aspect of the Hitachi TrueNorth announcement in detail—including several pages of comparison charts and diagrams analyzing new hardware and software offerings. (30-May-2002)
HDS—Menacing EMC's Business Model
Read why the analysts at AG Edwards think HDS will continue to gain material market share and pose a significant challenge to the competition. This report highlights HDS' role in the market for high-end RAID, progress over EMC in the last quarter and
the amifications of our new HiCommand solution. (03-Dec-2001)
HDS—Someone to Watch
This report notes Hitachi Data Systems' strong revenue growth and impressive technology. (03-Nov-2001)
HDS—The Menace to EMC Has Grown
This in-depth analysis of HDS recent achievements and the implications of the HDS-Sun global alliance highlights our strong technology and strategic planning as key factors in our continued success. (27-Aug-2001)
