Can A Pure Storage Company Make It Big?

There has been a lot of time and [electronic] ink expended of late in the build-up to, and eventual launch of, the Pure IPO yesterday. Most of the commentary has concentrated on the valuation and stock trading zone. As I write this, the stock price has floated down softly to around $15.50, off from the offering starting point of $17 per share. The financial press headlines contain plenty of words like "disappointing" and "failed to impress." Moreover, they talk of the impact of this unicorn IPO on the appetite and enthusiasm for tech IPOs. In other words, it's a very parochial Wall Street view. And frankly, that's where the focus is misplaced, at least from the storage and IT market perspective.

Now, I am not here to suggest that the share price is irrelevant or that many people wouldn't have been happier to see a more robust start for PSTG shares. But there's a more significant set of considerations from a technology, industry and end-user perspective.

Topics: Storage software-defined storage Converged Infrastructure Pure

Storage News is Solid Progress

There seems to be good news from many sides of the storage world lately; we've seen a flurry of good, consistent and genuinely impressive business results from many of the main vendors, which is encouraging. The world is high on 'big data' - which, let's face it, has to be kept somewhere (!) - VC money seems to be flowing, and solid-state storage is starting to really be embraced by vendors and users alike. As the Dow flirts with 13,000 I thought a potpourri of recent positive news would make for pleasant reading:

Topics: Storage IT Infrastructure HP Nimble Sandisk Pure