Posted By Rich Miller On April 1, 2010 @ 8:09 am In Investing | 2 Comments
The first quarter of 2010 was a Cinderella quarter for struggling stocks in the data center sector, with big gains for companies whose shares have struggled. The biggest winner was server vendor SGI , which saw its shares advance 52 percent in the first three months of the year as its 2009 acquisition of high performance computing specialist Silicon Graphics continued to pay dividends. In recent weeks the company, previously known as Rackable Systems, has introduced a cloud computing platform for HPC projects  and announced performance records for its Altix blade cluster .
SGI led a group of data center stocks that beat the broader market averages with double-digit gains. These included managed hosting provider NaviSite (NAVI), virtualization market leader VMware (VMW), content delivery Akamai (AKAM), data center REIT DuPont Fabros (DFT), colocation provider Internap (INAP) and managed hoster Savvis (SVVS).
Here’s a look at the winners and loser in the data center industry in the first quarter of 2010.
By comparison, the Dow Jones Industrial Average gained 4.1 percent over the first three months of the year, while the S&P added 4.9 percent for the quarter and the tech-centric NASDAQ had the strongest quarterly showing, up 5.7 percent.
Not all data center stocks had gains. Equinix (EQIX) and Switch and Data (SDXC) lost ground as the companies sought to complete a regulatory review and close their merger deal, while shares of Rackspace Hosting (RAX) retreated after soaring by 287 percent in 2009.
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Article printed from Data Center Knowledge: http://www.datacenterknowledge.com
URL to article: http://www.datacenterknowledge.com/archives/2010/04/01/sgi-navisite-lead-first-quarter-stock-winners/
URLs in this post:
 SGI: http://www.datacenterknowledge.com/archives/category/rackable/
 cloud computing platform for HPC projects: http://www.datacenterknowledge.com/archives/2010/02/15/sgi-cyclone-offers-hpc-in-the-cloud/
 Altix blade cluster: http://www.datacenterknowledge.com/archives/2010/03/11/roundup-sgi-savvis-abovenet/
 Data Center Investor: http://www.datacenterknowledge.com../archives/category/archives/2010/01/04/archives/2009/07/01/archives/category/investing/
 Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
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