Voltaire Cites Wall Street Slowdown in Loss
October 9th, 2008 By: Rich Miller
Merrill Lynch may still be buying technology gear, but other Wall Street firms are delaying IT purchases. Voltaire (VOLT), which makes grid solutions for the data center, said this week that it would report a third-quarter loss due to postponed purchases.
“Revenues for the quarter were lower than initially forecast given a delay in the receipt of two multi-million dollar orders from US-based financial institutions,” the company reported. “These two orders, initially expected at the end of the quarter, were not received due to the turbulence in the capital markets at the end of September 2008.”
Voltaire makes switches that support grid computing deployments on commodity servers and storage hardware. Link via InsideHPC.