Key Developments For Dot Hill Systems Corp.
Dot Hill Systems Corp. (HILL.O) (Consolidated Issue listed on NASDAQ Global Market)
Dot Hill Systems Corp. Issues Q4 2009 Guidance In Line With Analysts' Estimates
Dot Hill Systems Corp. announced that it is targeting fourth quarter of 2009 net revenue in the range of $62-$67 million and a net loss per fully diluted share (EPS) in the range of $0.01-$0.07 on a non-GAAP basis. According to Reuters Estimates, analysts were expecting the Company to report revenues of $63 million and EPS of $(0.05) for the same period.
Dot Hill Systems Corp. Launches AssuredSAN Storage Solutions for the Channel
Dot Hill Systems Corp. announced that it has introduced the AssuredSAN family of disk-to-disk data protection products which combines Dot Hill's storage capability with enhanced data protection software features that address many of today's disaster recovery, business continuance and regulatory compliance needs.
Dot Hill Systems Corp. Reaffirms Q3 2009 Guidance
Dot Hill Systems Corp. announced that for the third quarter of 2009, it has reaffirmed its guidance. The Company provided guidance of net revenue in the range of $55 to $62 million and a net loss per fully diluted share in the range of $0.02 to $0.08 on a non-GAAP basis. According to Reuters Estimates, analysts are expecting the Company to report revenue of $59 million and EPS of $(0.07) for the same period.
Dot Hill Systems Corp. Granted Two New Patents
Dot Hill Systems Corp. announced that it has been granted two new patents by the United States Patent and Trademark Office, bringing the company's portfolio to a total of 53 patents. The newest patents granted to Dot Hill include U.S. Patent 7,558,897 'Method for adopting an orphan I/O port in a redundant storage controller' -- This patent provides a method for a redundant storage controller to take control of the I/O ports of another storage controller, if a failure is detected and U.S. Patent 7,558,981 'Method and apparatus for mirroring customer data and metadata in paired controllers' -- This invention improves write-performance for active-active storage controllers in a redundant controller configuration, by making the mirroring of write-data between redundant controllers more efficient.
Dot Hill Systems Corp. Issues Q3 2009 Outlook Below Analysts' Estimates
Dot Hill Systems Corp. announced that for the third quarter of 2009 it expects net revenue in the range of $55 to $62 million and a net loss per fully diluted share in the range of $0.02 to $0.08 on a non-GAAP basis. According to Reuters Estimates, analysts on an average were expecting the Company to report earnings per share (EPS) of $0.01 on revenue of $73 million for the same period.
