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Many thanks for a very informative post! eom
Little bit of mathematics:
"$160 mil. annual run rate by end of year", with 45 mil. annual OPEX (non-GAAP "annual benchmark" i.e. excluding depreciation etc) actually means that we are heading firmly into profitability by end of year:
$160 mil annualised revenue at 35% gross margin (they said they expect the margins to improve as product mix shifts, taking a modest 5% improvement from here as an assumption) = roughly $ 56 mil. annualised gross profit minus $45 million annualised OPEX "benchmark" clearly implies heading to or towards profitability by end of year!
For a company in this stage of just starting to commercialise new main product lines, that would be quite something!
Agree, their enthusiasm about the future and how quickly things are happing was literally tangible!
Standing by their goal towards end of they year was also VERY important. Also, notable how many times they said they can't believe how much has happened just in the last 30 days between this call and the last!
Also, more product announcements anticipated before June 15th...and that the role of Microsoft will become clearer throughout the year..
EXCELLENT CALL!!
Super shareholder friendly! Never experienced management taking so many questions!! And finally you can hear the enthusiasm!!
"We are the ONLY solution provider that can virtualise a fully functioning Windows application... it is unique to US"
Docker is ONLY Linux based...got to love the clarity of Peter T!!
-
Snapscale THE most scalable storage solution in the market
-
Multiple revenue streams, cloud offerings "will literally be billed by the hour"
-
"Standing by the revenue goal for the end of the year"
-
"We are collaborating with Microsoft on all fronts! It is NOT a typical supplier agreement or a typical partnership and PT joking even:
-
You could literally hear the laugh in PT's voice at some points... "Microsoft, is NOT a supplier." "Let me just say our growth will not come from tape storage..."
MUST SEE DEMONSTRATION VIDEO with John Morelli showing off the various capabilities of Glassware (from VMworld, end of 2014).
Also, with VERY nice little tidbits...since despite all the recent validations some here seem to be still doubtful (or others just bored), this should definitely make the wait easier:
http://ref.topictimes.com/videos/people/glassware-xbox-demo-at-vmworld-full-6Cfef2eNtZQ.html
Very well put! Pretty much sums it up the entire picture.
Also, as generally in investments, it is much, much safer to be in stocks where the "take off" is a question of when and not if. In this case the 'when' can be defined as when the wider street examines the actual potential.
The current stock price is in no way valuation related (which is why its funny to see people trying to relate / sense of the SP by quoting <1 times revenue), the SP right now does NOT reflect a valuation but simply reflects a lack of awareness. Once we start getting to a stage of awareness and to a point where actual valuations based on future (even 2015) potential are getting 'priced' we will see a huge jump from that sudden awareness and the sudden application of valuation parameters alone...
Highly agree, since GW as well as many new product lines such as RDX storage just started their proper commercialisation and go to market phase this quarter, what many will be looking for is much less about lfirst quarter's revenue, but more looking for indications about market feedback going into the second half of the year.
The share price reflects great insecurity/ very grounded expectations right now after no indications on the last cc, so any positive indications could have a nice effect now...
Ken, please don't worry, nobody will ask you to sign an NDA. Given the level of aggrevation that shorts and/or shareholders have unfortunately already put you through, it would be highly unlikely that you would be chosen as the best possibility for an unbiased or independent review at this point.
How that whole story evolved was very unfortunate and probably enters the NOT TO DO list of active shareholder history.
And for those who PRETEND that Microsoft, for example, oh is not aware of Sphere 3D's claims or Press Releases ( as if Sphere could make releases without getting legal approval of ANY of the mentioned partners first!) how about?:
.@Sphere3D, @Microsoft collaborate to deliver Glassware 2.0 Windows app containers on #Azure: http://t.co/YJcTvQp9bZ pic.twitter.com/SaPWJhvopL
— Go-To-Market with Microsoft (@MicrosoftGTM) March 24, 2015
Agreeing with the gorilla, being unrespectful to a member of the tech community is NOT the way to go.
By now, having aggrevated him there is NO way management will let him review Glassware, a sceptical voice turned outspoken critic courtesy of shareholders!
In regards to KH's first post, sorry, but clearly we have to see it in the context that he was already ticked off by his repeated mentioning here, which is clearly why he joined, to express his disapproval of the way he was being cited or referred to here.
I would just like to say to KH that not all shareholders support open and personal attacks, whether on him or principally speaking, it is generally inappropriate. Let's not sink to the low level the shorts usually resort to! We should be better than them! If not out of common sense and courtesy than because of our very own interest!
Worth re-posting these days:
Glassware in use on a Dell PowerEdge VRTX Server -
Very exciting -
@EdTxAnn We had a meeting with @Sphere3d to pilot the @Istationed curriculum on the #Chromebooks with our students. It works! #GoogleLPJ
— LaSonya Cobbs (@lasonyacobbs) January 9, 2015
Don't think the dialogue would ever end with these kind of guys, their bosses will decrease their short positions surely over time (rather sooner than later I think), but as with every stock as long as there are any shares short or people wanting to buy our shares cheaper, we will hear some funny arguments...
Just to say at no price point, commercialisation stage or profitability level will shareholders of any company ever be completely free of these kind of guys...they are just part of the game and will always be...
Case in point, one would think the more validations we get, the more sophisticated the arguments of shorts would become, in which case it would actually serve us to educate or convince them BUT as we observed frequently over the past year ironically the exact opposite is the case: The more validations we have seen, the more outrageous (eg. "Microsoft, Dell, Pearson, Novarad don't really know the tech they are collaborating with") their statements have become!
Myself, for example, I used to admittedly research if they had a point when they posted something plausible, but by now due to the aforementioned observation, I just find them silly and annoying and best left on ignore.
We won't see a filing about Pinetree having finished as they last filed a 13G mid February, seperately also from Sheldon who also filed one a few days later, since he is not there controlling their shares anymore they are not deemed a 10% holder together anymore and just had to file 13Gs which they did.
Please kindly and respectfully do not use the word "ubiquitious", no technology in the world fulfills that term...it is a rediculous term to take literal or just as a hypothetical target, even if we were on the Apple board, please apologize but I would make the same comment on that loaded term...
That's a good question, and I also asked management to please talk to large retail investors to ignite more interest in the stock, which I can only encourage others to do too.
As to your example of a $20 million ticket by a professional fund, however, with all due respect, that is unrealistic, as a fund placing that kind of ticket would take a lot of time and resources from management to evaluate the technology, business plan in detail, literally turn each stone around for which the company would only allocate resources IF they needed such an amount right NOW. We can all be very glad that management is not interested in that right now, which also clearly implies they dont need it.
DELL is HUGE in the federal government space!: “23 of the 25 largest clouds in the world are run on DELL technology”...”DELL is uniquely positioned...across the world but especially in government”
Especially interesting from 1:10:
Disagree from his tweets you can clearly tell he understands at least the potential with Microsoft... Just one of the many new eyes. Of course many followers/traders wait until they see us turning to buy in, but thats a good thing, cause when we do, which could be $ANYtime, we will go up even faster and stronger than before..
Our Directors of the Board:
For those interested and/or new, just to remind people of the profile of our Board, certainly a LOT of specific experience in technology ventures (copied from the latest annual filing):
Peter Ashkin, Director
Mr. Ashkin is a current member of the Board and also serves as the Chairman of its Compensation Committee. Mr. Ashkin is Managing
Partner of Baker, Cook and Constable LLC, a venture capital firm that focuses on investing in, and operating high-tech start-up companies. Mr.
Ashkin is President of Peter Ashkin Consulting, based in Paso Robles, California, a consulting agency that focuses on high-tech start-up
companies. Previously, Mr. Ashkin served as President of the Technology Group for CanWest Mediaworks (2004 - 2006), at that time, Canada’s
largest media company, with multiple locations across Canada consisting of newspapers, broadcast television and cable. Prior to CanWest, Mr.
Ashkin served as President of Product Strategy for AOL (America Online) (2001 - 2004), at that time, the world’s largest Internet provider. Mr.
Ashkin also served as Senior Vice President and Chief Technology Officer of Gateway Computer (1998 - 2001) and prior thereto a number of
senior and executive management positions at both Toshiba Corporation and Apple.
Mario Biasini, Director
Mr. Biasini has been a director of the Company since he co-founded the business in October 2009 and formerly served as President until
December 1, 2014. Mr. Biasini is also the founder and President of Promotion Depot Inc., a private company in the graphic arts, lithographic
printing, digital reproductions and promotional product industry. Founded in 2003, Promotion Depot is an innovative printing and promotion
specialties company that has worked with Fortune 500 companies in Canada and the U.S., including LG Electronics, Samsung, I Travel 2000,
Novartis Consumer Health, Dairy Queen and Mentos. Mr. Biasini has over 20 years of operations management and industry contacts.
Daniel J. Bordessa, Director
Mr. Bordessa is currently a partner of, and has been employed by, Cyrus Capital Partners, L.P., an affiliate of the Company, since March
2005. Prior to joining Cyrus, Mr. Bordessa was an Executive Director at Lazard where he was responsible for providing restructuring and
mergers and acquisitions advice. Mr. Bordessa has an M.B.A from the Schulich School of Business at York University in Toronto and holds an
Honors Bachelor of Commerce degree.
Glenn M. Bowman, Director
Mr. Bowman is a current member of the Board and serves as the Chairman of the Audit Committee. Mr. Bowman, FCPA, FCA, is
Managing Director with CCC Investment Banking. Mr. Bowman was Managing Partner with Capital Canada Limited from 2003 to 2014; a
provider of investment banking services to predominantly mid-market companies, since 2003. Mr. Bowman is a Chartered Accountant and a
Fellow of the Institute of Chartered Accountants of Ontario. Mr. Bowman’s responsibilities at Capital Canada include investment banking,
financial advisory work (including fairness opinions and business and securities valuations), and financial restructuring services. Mr. Bowman
has extensive experience in a wide range of topics including mergers and acquisitions, private placements of debt and equity and preparation and
assessment of financial forecasts. Mr. Bowman currently serves on the board of directors of Rockcliff Resources Inc., a Canadian resource
exploration company, and a member of its audit committee (since 2010) and as a member of the board of directors of WireIE Holdings
International Inc. (privately held), a global provider of IP based broadband wireless network solutions. Mr. Bowman previously served as
Chairman of Alliance Financing Group Inc. (renamed Stream Ventures Inc.).
31
Eric L. Kelly, Chief Executive Officer, Chairman and Director
Mr. Kelly is a current member of the Board, has served as its Chairman since July 2013, and also serves as its Chief Executive Officer
since December 1, 2014. Mr. Kelly formerly served as Chief Executive Officer of Overland since January 2009, President and Chief Executive
Officer of Overland since January 2010 and has been a member of Overland’s board of directors since November 2007. Mr. Kelly currently
serves on the U.S. Department of Commerce’s Manufacturing Council, and the White House’s Advance Manufacturing Partnership, where he
offers advice and counsel to the Obama Administration on strategies and policy recommendations on ways to promote and advance U.S.
manufacturing. He also participates on advisory boards for the University of San Francisco and San Francisco State University. Mr. Kelly has
spent over 30 years in computer technology developing distinct operational, marketing and sales expertise. His previous corporate affiliations
include Adaptec Inc., Maxtor Corp., Dell Computer Corp., Diamond Multimedia, Conner Peripherals and IBM. Mr. Kelly earned an M.B.A.
from San Francisco State University and a B.S. in Business from San Jose State University.
Vivekanand Mahadevan, Director
Mr. Mahadevan has been the Chief Executive Officer of Dev Solutions, Inc., a consulting firm that helps technology startups build nextgeneration
market leaders in data analytics, security, storage and cloud markets since March 2012. Mr. Mahadevan was the Chief Strategy
Officer for NetApp, Inc., a supplier of enterprise storage and data management software and hardware products and services, from November
2010 until February 2012. Prior to that time served as Vice President of Marketing for LSI Corporation, an electronics company that designs
semiconductors and software that accelerate storage and networking, from January 2009 to September 2010. Prior to LSI Corporation, he
was Chief Executive Officer for Deeya Energy, Inc., and has also held senior management positions with leading storage and systems
management companies including BMC Software, Compaq, Ivita, and Maxxan Systems. Vic holds an M.B.A. in Marketing and MS in
Engineering from the University of Iowa as well a degree in Mechanical Engineering from the Indian Institute of Technology.
Peter Tassiopoulos, President, Vice Chairman and Director
Mr. Tassiopoulos is a current member of the Board and has served as President of the Company since December 1, 2014. Mr.
Tassiopoulos served as the Chief Executive Officer of the Company from March 2013 until December 1, 2014. Mr. Tassiopoulos has extensive
experience in information technology business development and global sales as well as a successful track record leading early-stage technology
companies. He has been actively involved as a business consultant over the past 10 years, including acting as Chief Operating Officer and then
Chief Executive Officer of BioSign Technologies Inc. from September 2009 to April 2011 and Chief Executive Officer of IgeaCare Systems Inc.
from February 2003 to December 2008.
Kurt L. Kalbfleisch, Senior Vice President and Chief Financial Officer
Mr. Kalbfleisch has served as Senior Vice President and Chief Financial Officer of the Company since December 1, 2014. Mr.
Kalbfleisch had 20 years of service with Overland and served as Overland's Senior Vice President since June 2012, Chief Financial Officer since
February 2008, and Secretary since October 2009. Prior to that, he served as Overland's Vice President of Finance from July 2007 to June 2012.
Randall T. Gast, Senior Vice President and Chief Operating Officer
Mr. Gast has served as Senior Vice President and Chief Operating Officer of the Company since December 1, 2014. Mr. Gast served as
Overland Storage's Chief Operating Officer from January 2014 until December 1, 2014, as its Senior Vice President of Worldwide Operations
and Service from August 2013 through December 1, 2014, and as its Senior Vice President of Strategic Alliances and Client Services from
August 2012 until December 1, 2014. Prior to joining Overland, Mr. Gast was Vice President, Corporate Operations, of 3PAR, Inc. from May
2006 until October 2010 when 3PAR, Inc. was acquired by Hewlett Packard. Mr. Gast served as Vice President of ESSN Supply Chain &
Logistics at Hewlett Packard from October 2010 to June 2012.
Following the earnings release of Microsoft end of last week, we are also seeing a lot of attention on it's endeavours and potential in the cloud! Should upon closer inspection put us on the map for a lot of people looking behind the curtains of Microsoft's plans for the cloud:
Key quote: ....the jaw-dropping performance of cloud services have changed Microsoft's narrative from one of "old tech" to "new tech."
Above from mere examples from Friday:
http://seekingalpha.com/article/3099326-microsofts-cloud-first-mentality-is-the-brilliance-of-satya-nadellas-vision
http://seekingalpha.com/article/3100456-microsoft-keeps-its-head-in-the-cloud
When talking about Microsoft, let's also not forget this tiny little recent industry dynamic, some might have forgotten already:
Sphere 3D notes a recent Rightscale study, which shows that fewer than 20 percent of enterprise applications operate from within the cloud. In part, the difficulty of migrating applications and providing stable access to end users may be holding back growth of that number. The Glassware 2.0 application tries to make it much easier to move applications into the cloud and therefore can help reduce the cost and complexity of running and maintaining those applications.
TMC reported in late February that Azure is capturing some of the cloud computing market from competitors Google, Rackspace, and VMWare. Although Amazon Web Services continues to dominate the market, Azure has shown gains while there have been drops in the past year from Rackspace and VMWare alongside reportedly steady market share for Google. Projects such as Sphere 3D could help boost Microsoft's numbers in this arena by making it easier for prospective customers to move their own products into the cloud and away from in-house servers.
http://www.transformingnetworkinfrastructure.com/topics/virtualization/articles/399428-sphere-3d-microsoft-bring-glassware-20-azure-cloud.htm
Btw, a quick look at all the news sources that picked up the latest Microsoft news sure is encouraging that the tide in terms of wider exposure is turning...
That news was disseminated far more than the PRs...should lead to stream of new followers...
Nice hire! Not only was he a senior guy at Promark and left them for Sphere, but before that he was Government Sales Manager at Tandberg for 13 years!
Quite a rolodex this guy must have!! Awesome!!
Government Sales Manager
Tandberg Data Corp.
April 2000 – November 2013 (13 years 8 months)
Manage all aspects Government and Education sales. Managing sales and process through US Channel Resellers (VAR, DMR, Prime Contractors, etc) selling to all Government (Federal, State, Local), Education (Higher Ed, K-12) and Non-Profit organizations.
I agree...the day traders have tight stop losses and immediately move on..fine with us!
And the shorts.. devil in hell only knows what their long term strategy in this one is
I am confuscated also... maybe the short trying for now to make it look like 'nothing to see here' , going to cost him some money here though with this news...
Key fact: The level of companies that Microsoft has held joint road shows with in the past is VERY exclusive:
HP, Citrix, IBM, Nortel...
Recognise ANY of these names? And now: Sphere 3D!
P.S. Want to check for yourself? Google: microsoft center joint road show... and see for yourself...
Many an optimist has become rich by buying out a pessimist. -Robert G. Allen
As a matter of fact, we have since the CUSIP change not seen large short/buying covering and we are not on the Reg Sho list.
In effect, in it means either the regulator is taking its time or that the short had largely covered on our last run up. You remember when the open letter to shareholders was written in mid February and we suddenly saw extremely large buying volume and were wondering where it was coming from? Well, who read the open letter? Many new investors skimming PRs? No, primarily existing already invested or interested shareholders AND of course the short! Same as ANY sane investor who was liquid at the time started buying again, same the short may have smelled what is coming in the future and have been accountable for a large part of that volume at the same time, covering. Just look at the huge sudden volume after the open letter...
Happy for others to weigh in with their views, but at least if thats reassurance, we NOW might finally know that the short felt uncomfortable then continuing to hold a large naked short position in ANY anymore...for very, very good reasons...
Another way of putting it, IF the shorts would have been as confident as they always want us to believe they are, contrary to many longs who are putting their money where their mouth is, why do the shorts seem to largely have bailed on their short bet?
Simple question with a simple answer I believe...
Dear JB, please most kindly update the DD sticky with the following 2 key article links the board uncovered. It is getting harder to keep up to date as we pop up more frequently which is awesome!:)
Many thanks!
1) RCPMag:
Microsoft Charts Course Toward Containers, Cloud Computing's Next Frontier
Perhaps you've heard the buzz about containers and how they're poised to become the next big thing in cloud computing.
By Jeffrey Schwartz April 20, 2015
Containers, long used as a way of providing a secure sandbox that separates an application from the OS and in some cases network infrastructure, are poised to take on computing tasks deemed unachievable by today's virtual machines (VMs) and cloud infrastructures.
In less than a year, a once-little-known startup provider of open source software called Docker put containers on the map. The company's open container platform is designed to let developers build and systems administrators manage distributed applications on any OS, VM and cloud. Among those supporting Docker are Amazon Web Services (AWS), Google, IBM, Rackspace, Red Hat, VMware and even Microsoft.
With Docker Swarm, which spins a pool of Docker hosts into one virtual host, an administrator can deploy their container-based apps and workloads using the native Docker clustering and scheduling functions, according to Sanders. It also lets customers select cloud infrastructure such as Azure, enabling them to scale according to their needs. Using the Docker command-line interface (CLI), customers can deploy Swarm to enable scheduling across multiple hosts. While this will initially be useful for dev and test, it portends a day when partners can build and deploy apps that are OS-, hardware-, VM- and cloud provider-independent.
Docker isn't the only container solution Microsoft is embracing. Sphere 3D last month said its Glassware 2.0 Microvisor can virtualize infrastructure components and the application stacks from both Windows and non-Windows-based systems and claims it can "outperform" any existing hypervisor-based infrastructure. Furthermore, Sphere 3D said it can be used for systems and cloud management, orchestration and clustering.
It's still early days for containers in the world of cloud computing, but if they live up to their promise, they can raise the bar for performance and portability.
http://rcpmag.com/articles/2015/04/01/containers.aspx
2) Virtualisation Review:
Windows Containers and 'Microvisors'
A new Microsoft partner, Sphere 3D, is making containers that have fewer dependencies than Docker.
By Jeffrey Schwartz 03/10/2015
Containers are still relatively new on the scene. Docker, of course, is the most famous name in containers, but competitors are cropping up weekly. And with those competitors come new technologies that are changing even the nature of containers.
One of those competitors is working specifically in the Windows world. In its push to simplify migration of Windows applications to cloud infrastructures without dependencies on hardware or software platforms, Microsoft has added Sphere 3D as its latest partner to deliver Windows containers. The two companies announced a partnership today to deliver Glassware 2.0 Windows containers for Azure.
Sphere 3D said it's collaborating with Microsoft to develop tools to simplify the migration of Windows-based end user applications to Azure. The two companies are first working to offer Glassware 2.0-based workloads in Azure for schools. Later in the year, Sphere 3D will offer other tools, the company said. Unlike Microsoft's higher-profile container partner Docker, which is open source, Glassware 2.0 is a proprietary platform designed to virtualize applications without requiring a virtualized desktop.
The Glassware 2.0 suite includes a micro hypervisor which the company calls a "Microvisor." Unlike a traditional hypervisor, which requires a guest OS for applications to run, the "Microvisor only pulls in elements of the OS stack needed for the software application to run, and also fills in any gaps that may be present, in particular with applications needing functionality not inherent in whichever OS stack you happen to be using," according to the company's description.
Glassware 2.0 also includes containers, management tools and clustering software. The containers are designed to run multiple instances of the same app in a Glassware 2.0-based server. It provides the ability to share binaries, libraries or the Glassware 2.0 Microvisor, according to the company. This environment provides access only to those components of an operating system an application needs to run. It supports applications running in Windows XP, Windows 7 and Windows 8.x environments.
http://virtualizationreview.com/articles/2015/03/10/windows-containers-and-microvisors.aspx?m=2
Recent Tweets:
Novarad: "Huge thank you to everyone who came to see #NovaGlass at #HIMSS15--it was the most popular attraction by far. @Sphere3D
10:24pm - 17 Apr 15
Peter Bookman retweeted
Jason Katcher ?@jkatcher74 13h13 hours ago
Jason Katcher retweeted Machiavelli's Mentor
Thx 4 sharing @Machiavellismen @Sphere3D Many use cases beyond TestNav in EDU. @dougheuringaria #virtualization $ANY Jason Katcher added,
Machiavelli's Mentor @Machiavellismen
@jkatcher74 @Sphere3D $ANY Nice Video on Novaglass with Sphere 3D prepared for HIMMS 2015:
Pinetree sold 2.1 million of Poet shares from April 13th to April 16th, the "other one" of Pinetree's two largest holdings. Really nice to see official validation of the "Pinetree was heavily selling their last remaing shares" news last week...
Wasn't doubting it at all given the volume of selling that we had, but just to show - for those who might have been in doubt- that the Pinetree was selling statements do all logically and officially flow together...always good to see confirmation!
Now off to a brighter future!
Here is the link to the SEDAR transaction filings on Poet Technologies (click on filings by transaction date):
https://canadianinsider.com/node/7?menu_tickersearch=Ptk
For anybody thinking the last move down was unrelated to many short traders stepping in at the last top and playing on snowball sales momentum before the revenue ramp up:
Chayton Falke (@ChaytonFalke)
4/20/15, 7:45 AM
Top Twenty Recent Exits #6: Covered $ANY short for a 46.58% gain in 27 days. #trading #ANY #forex #stocks
https://twitter.com/chaytonfalke/status/589998176612024320
If he is ANY indication, then short traders see a good reason not to be short at this level anymore especially after last week's action...
Clearly not semantics:
Below are excerpts from the both the Sphere 3D website and Virtualisation Review that are very clear and contain examples and comparisons:
1) Sphere 3D website:
"Glassware 2.0 requires a micro hypervisor or what is referred to as a “Microvisor”. A microvisor is not to be confused with a traditional hypervisor which, in addition to a host Operating System (“OS”), requires a Guest OS for applications to run. A Microvisor only pulls in elements of the OS stack needed for the software application to run, and also fills in any gaps that may be present, in particular with applications needing functionality not inherent in whichever OS stack you happen to be using.
It is easier to explain using a concrete example. Let’s consider a PACS (healthcare imaging software) that runs on XP workstations. We can virtualize that PACS application on a Glassware server. Since the Microvisor only uses what it needs from Windows XP, it only uses about 5-10% of XP. Because we know that the application is graphics heavy, we can add a GPU chip to the server and the Microvisor allows for direct access to the chip therefore improving graphics rendering performance. Compare this instance with hypervisors. Hypervisors prevent direct access to the hardware. All access is made through virtual drivers which are cumbersome at best and do not work at worst.
The Glassware 2.0 Microvisor is highly efficient and powerful. It fills in the stack allowing Glassware 2.0 to virtualize anything you want from your Windows and Non- Windows environments. All this while still outperforming any of the hypervisor-based solutions.
You can actually utilize the microvisor for other functions as well. Examples would include management, clustering or orchestration. This approach enables you to maintain performance scalability despite what would otherwise be cumbersome overhead to the system."
http://sphere3d.com/glassware-2-0-microvisor/
2) Virtualisation Review:
Windows Containers and 'Microvisors'
A new Microsoft partner, Sphere 3D, is making containers that have fewer dependencies than Docker.
By Jeffrey Schwartz03/10/2015
Containers are still relatively new on the scene. Docker, of course, is the most famous name in containers, but competitors are cropping up weekly. And with those competitors come new technologies that are changing even the nature of containers.
One of those competitors is working specifically in the Windows world. In its push to simplify migration of Windows applications to cloud infrastructures without dependencies on hardware or software platforms, Microsoft has added Sphere 3D as its latest partner to deliver Windows containers. The two companies announced a partnership today to deliver Glassware 2.0 Windows containers for Azure.
Sphere 3D said it's collaborating with Microsoft to develop tools to simplify the migration of Windows-based end user applications to Azure. The two companies are first working to offer Glassware 2.0-based workloads in Azure for schools. Later in the year, Sphere 3D will offer other tools, the company said. Unlike Microsoft's higher-profile container partner Docker, which is open source, Glassware 2.0 is a proprietary platform designed to virtualize applications without requiring a virtualized desktop.
The Glassware 2.0 suite includes a micro hypervisor which the company calls a "Microvisor." Unlike a traditional hypervisor, which requires a guest OS for applications to run, the "Microvisor only pulls in elements of the OS stack needed for the software application to run, and also fills in any gaps that may be present, in particular with applications needing functionality not inherent in whichever OS stack you happen to be using," according to the company's description.
Glassware 2.0 also includes containers, management tools and clustering software. The containers are designed to run multiple instances of the same app in a Glassware 2.0-based server. It provides the ability to share binaries, libraries or the Glassware 2.0 Microvisor, according to the company. This environment provides access only to those components of an operating system an application needs to run. It supports applications running in Windows XP, Windows 7 and Windows 8.x environments.
http://virtualizationreview.com/articles/2015/03/10/windows-containers-and-microvisors.aspx?m=2
Novarad: "Huge thank you to everyone who came to see #NovaGlass at #HIMSS15--it was the most popular attraction by far. @Sphere3D
10:24pm - 17 Apr 15
Novarad tweet:
@ahagelthrope @Sphere3D Of course! Here's one of the stations we demoed at, plus our NovaGlass display. pic.twitter.com/tamrr99NPD
— Novarad (@NovaradCorp) April 17, 2015
That would be very good news to have the Pinetree debacle finally behind us!
It does all make sense. They sure went out with a big last bang!
Exactly! Also added a little today...eom
Try to read the filed Open Letter to Shareholders (Feb 17th) which provided the clearest update you can possibly want:
"As a result of our commitment to operational efficiency, we worked with Overland management, prior to the completion of our acquisition, to ensure that their targeted US$20 million in annualized operating expense reductions were not only met, but were 15% (US$3 million) ahead of expectations. Our annualized revenue run rate has grown from less than US$4 million in Q1 2014 to over US$36 million in Q4 2014, and we have set our goal for an annualized run rate of over US$160 million in Q4 2015."
Haters, are gonna hate.
Nice, funny try. What you are conveniently ignoring are (intentionally obviously since you do seem to pay attention) are three key facts:
1) A ramp up in sales, which would reduce cash burn significantly, or, if it is anywhere near to the revenue growth guidance they recently issued turn cash burn into cash flow break even or positive. It would take far less for that than the revenue ramp up goal they gave.
2) Further reduced expenses as they already stated they were successfully focussing on, with being significantly ahead of plan as they repeatedly stated. Sure you read that too.
3) Even if funds are needed, Cyrus as a major shareholer and backer for sure would, same as they have done before, not allow them to raise equity at anywhere near these rediculous prices. They already provided Sphere with debt instead of raising equity at times of double the share price! to not let that happen. All it would take (again if funds are needed) to increase the already granted credit line until above kicks in. Not only logical, but history serves as evidence.
Anyway, nice but funny try. Well timed though obviously for today. Thank you, but no thank you.
Very simply what we would need is for management to talk to NEW investors, the few left long term "die hards" like us are already heavily invested, so the short knows we can't take advantage of dips anymore, which the short is obviously exploiting at will...
As long as management doesn't spend more time actively securing NEW investors, we would have a hard time and actually be loosing old frightened investors at literally ridiculous prices...
Personally, I have no idea what you mean with margin calls since I tried with several brokers who (luckily) would not allow me to margin ANY... If you do know, which brokers allow to margin ANY?
ANYway, obviously the CUSIP change brought about that "the large naked short position" was a either non-existent or was covered last time we saw big buying volume following the open shareholder letter and preceeding the Microsoft announcement.
What an incredible value to share price disconnect!