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So, the Form-4s aren't out there yet? Aren't there quite a few investors out there who watch for Form-4 and buy and sell largely on that basis??
The "Executives Purchase Additional Stock" PR along with the "Surge" in orders PR are incredibly bold and unusual moves for a corporation. Either IWEB is going up or these guys are complete phony baloneys and there will be lawsuits.
RAX Projected Earnings Per Share Growth Rate of 31.36%.
http://seekingalpha.com/article/695141-6-tech-stocks-set-for-growth-and-backed-with-analyst-confidence
If Iceweb can garner just a small percentage of Rackspace's new and existing business, they will soon be profitable.
It's amazing how a tiny company like Iceweb that is swimming in debt and will soon see it's price drop below a dime on it's way to imminent bankruptcy still manages to get this much attention on a Saturday.
"Toole needs to get his passport out"
Yep. As far as I know, Iceweb doesn't yet have a single sale outside of the USA/Canada and they haven't attempted to enter the international market yet. There are good reasons for that. Selling and supporting an international marketplace can be very expensive and difficult to manage. Btw, I'm presuming here that the Samsung sale was to Samsung USA and not Samsung Korea.
There is ginormous potential for international corporate and government sales. Toole will find partner(s) that can make it work.
Another stellar day of trading executed in IWEB....Bid action was beyond abundant...
Uncertainty destroys investors. Whatever you think of today's court ruling (and don't get me started on that), it's not over. There's an election in a few months. Health is one industry where Iceweb (and many other companies) have real growth prospects because the industry is at least 5 years behind every other industry in IT. Until the government can provide clarity and some financial incentives, most hospitals, doctors, and dentists will be very reluctant to make any IT commitments.
At some point Rackspace will recognize that the Model 2000 (and up) IceCLOUD customers are happy as pigs in slop. Rackspace will be eagerly offering their own branded version of IceCLOUD and replacing the aging storage in their data centers with modern Iceweb gear.
Model 2000 making sense now. When one of the partners was promoting the Model 2000 a few months ago, I had to wonder "why bother?" with exciting things like Big Data, video capture, and Enterprise customers like Samsung in the works.
Now, with IceCLOUD, it makes sense. Throw in six months of free IceCLOUD backup and disaster recovery with that Model 2000 and making the sale gets a lot easier. After the six months, the customer keeps paying every year for a very long time. They pay for IceCLOUD and the annual licensing fee for IceSTORM on their onsite system. No more tape backups and it's business as usual in case a natural disaster wipes out the data center. Sweet.
[RAX/IWEB] should raise targeted exposure as well as both companies’ reputation.
Sgal, you misundertake me. Here's what I said:
"If Toole can convince the top people at Rackspace, that Iceweb has some serious advantages over the competition, then he's essentially made a sale to hundreds or even thousands of their clients."
So far, Toole has convinced Rackspace to make Iceweb one of their many partners. I don't think he's yet convinced them that Iceweb is worthy of being Rackspace's preferred storage vendor when there is no specific requirement to deal with EMC, Netapp, or somebody else. I do feel that Iceweb is worthy of that honor and Toole is capable of building the case. Of course, I could be wrong. Maybe Toole already has made the case and we'll be seeing the fruits soon.
I was wrong about those IceSTORM enhancements being obviously for Samsung. Some of those could have been for Rackspace. If any of those enhancements were made specifically for either Samsung or Rackspace, it's a very good sign of future sales to come. Of course, it's possible they had nothing to do in Sterling, VA and just decided to do all those enhancements just for the halibut.
Some partnerships like VMware are essentially BS and just prove that your hardware or software will usually work with VMware. Other partnerships are what you make out of them. If Toole can convince the top people at Rackspace, that Iceweb has some serious advantages over the competition, then he's essentially made a sale to hundreds or even thousands of their clients. And Toole is better than your average bear . . er . . salesman.
The Toole era clients and partners are beginning to take shape and there is a cloud focus. Prior to Toole, Iceweb had partners like Microsoft and VMware. Which is great but it's really hard to imagine them having much of an interest in selling Iceweb gear. Clients were DoD and geospatial users. Not cloud.
No existing partner quite compares with Rackspace. Rackspace is in the cloud business and they can gain big from Iceweb's low TCO and easy management features.
Samsung is a cloud customer. Not geospatial. And Samsung is astronomical in size.
No guarantees but Toole is driving the bus in the right direction the way I see it. I expect to see Toole making progress with Big Data and the Health industries in the near future.
Rackspace, Cisco, Juniper, Nicira, and many companies are busy making servers a no-brainer. Iceweb is making storage a no-brainer and IMHO the number of competitors at the same level of technology and the same price level is minimal.
The turnkey no-brainer seamless disaster recovery should be very appealing to all the many poor slobs who have to drag backup tapes offsite every night.
Great point Sgal. I'm really glad they chose to put the name "Rackspace" in the PR, so we don't have to spend all that debating about who this is like we had to do with Samsung. And we don't have to debate about Rackspace having 180,000 existing business clients and we don't have to debate about the need for Rackspace and other data centers to upgrade their software and equipment to meet the needs of the cloud era.
The next Q will be interesting.
Upgrade Race for Data Centers
http://online.wsj.com/article/SB20001424052702304441404577485283809641046.html?ru=yahoo?mod=yahoo_itp
Many of Rackspace's 180,000 customers are running out of space on existing equipment. Major upgrades will be required and a whole new approach to managing things with Software-Defined Networking. It just might behoove Rackspace and their clients to put the management and replication capabilities of IceSTORM to good use here.
In fact, we could see a lot of behooving going on here.
IceWEB Announces Entry Into Rackspace Partner Program to Provide Turnkey Cloud Storage Solution
IceWEB Launches IceCLOUD(TM) Hosting Service to Meet Growing Demand for Cloud Storage
http://www.marketwatch.com/story/iceweb-announces-entry-into-rackspace-partner-program-to-provide-turnkey-cloud-storage-solution-2012-06-26
Out of 180,000 businesses trusting Rackspace for their hosting, it's a good bet that 18,000 have an inadequate or nonexistent disaster recovery plan.
This is where Iceweb's award winning replication kicks in. Budget minded customers have their data replicated to a shared model 7000 that Rackspace operates. Security conscious clients replicate data to an Iceweb model 2000 that they own and control. When a mudslide wipes out the primary data center, everything keeps running like nothing ever happened.
IceHOST. When your data center takes a lickin, Iceweb keeps your business tickin.
More than 180,000 Businesses Trust Rackspace with Their Hosting and Cloud Computing.
Hhhhmmmm.
Ya think CMO Toole might be able to find an opportunity to sell Iceweb Unified Data Storage systems or license IceSTORM somewhere in there?
http://www.rackspace.com/
I read what they had posted. It was a little sketchy on exactly what the Iceweb/Rackspace partnership means. I'm sure we'll get a more detailed official announcement in the next day or two.
It looks like they weren't quite ready to release the Rackspace PR, but Google picked it up. They've been a little sloppy with this sort of thing. However, I'm willing to forgive since only a small number of Rackspace's existing customers need to start using Iceweb devices in some form for it to be a significant revenue source.
IceCLOUD
The scientific method requires historical data and control data. You can't compare what someone is doing in an airport today against absolutely nothing.
I suggest you do a Google search on "Behavior Recognition Technology". You'll discover that science has already gone way beyond facial recognition and there are hundreds of corporations and universities engaged in this research. How exactly do you propose they do research without data? Potential applications extend well beyond military and airport security. Highway safety is one example. If you haven't noticed, Google has a car that drives itself. Gee, I wonder how they test that? Maybe with hours and hours and hours of boring highway video?
"Twitching" is a mere simplistic example. Behaviors far more subtle have been recognized that give a good indication of whether someone is just nervous about flying or planning an attack.
I stand by my statement that Iceweb is well positioned for managing the huge volumes of video data to be generated for a large variety of applications.
Massive amounts of video data are currently being discarded due to the costs and management issues involved in keeping it. In order to develop the next generation of video surveillance technology, it will be necessary to keep far more historical data.
Large amounts of control data where nothing of significance happens is needed to evaluate against the rare instances of terrorist activity or criminal mischief.
There are already sophisticated techniques for compressing video but this needs to be refined further to eliminate total "dead" time. Technology is rapidly advancing to the point where video surveillance data in critical venues (such as an airport) can be stored forever and continually evaluated.
Iceweb has had video capture as a primary focus for several years. Iceweb is well prepared to deal with huge volume and management issues. With the right partners, the market potential for storing a good part of this video data on Iceweb devices is tremendous.
Obvious behaviors (such as digging a hole to plant a bomb) can be monitored. Less obvious behaviors such as twitching or looking around nervously can also be monitored and these less obvious behaviors are more promising for security than the obvious ones.
All of these advancements won't be happening this year or next year, of course. But these things will be happening.
No matter what the level of effectiveness of video surveillance technology is today or tomorrow, it's actually largely moot to Iceweb. In order for the technology to advance, video data must be captured and stored forever. Then analyzed and re-analyzed by sophisticated software which will distinguish between routine and extraordinary activities (such as the development and deployment of IEDs). There are numerous non-military applications for the technology as well.
This is a win-win situation for Iceweb and their partner VideoBank. Iceweb has a nice head start on most of the competition. Iceweb has patents in process related to the ingestion of massive amounts of video data.
http://www.iceweb.com/case_study_pdf/IW_Case_Study_VideoBank_v4_LR.pdf
If I'm not mistaken, UAVs can detect someone planting a roadside IED and very subtle changes to the landscape. If no one in Washington has realized this yet, you might want to bring it up at the next meeting.
The use of UAVs for military and non-military use is growing rapidly and the technology continues to get better and cheaper. Iceweb has been a part of this for several years.
I'm sorry you feel that way since as active duty military you could be sent into a combat zone where your life expectancy would depend in part on geospatial intelligence information stored on Iceweb devices. I appreciate your service and dedication.
By your own admission, Samsung has already purchased at least one Iceweb device. Not a very affordable model 2000 for small business, but the top of the line model 7000 designed for the Enterprise. Since Iceweb is confident enough to offer a free trial, it's reasonable to assume that Samsung kicked the tires before making the purchase. As indicated by past history and recent press releases, Iceweb is continuously beefing up their product line to meet the world's exploding demand for fast, reliable, readily available cloud storage.
Iceweb as a corporation seeks to improve it's products and sell it's products. It's far easier to sell to an existing customer like Samsung than it is to recruit new customers. Samsung wishes to dethrone Apple as the mobile king and they seek to use the best products available to assist them in doing that. What exactly requires proof here?
Do I have to "prove" that beavers like building dams?
Samsung Approved for Enterprise
Active Directory login support is essential for making Enterprise applications and data secure.
http://www.symplified.com/press-releases/2011/05-04-mobile-edition.html
Samsung SAFE devices will have Active Directory built-in the devices and Samsung cloud services.
Samsung is an Iceweb customer.
http://www.iceweb.com/press-releases/global-electronics-manufacturer-purchases-iceweb-7000-unified-data-storage-system/
After that sale, Iceweb announces Active Directory support.
http://www.iceweb.com/press-releases/active-directory/
After that, Iceweb announces further Enterprise level enhancement for safety and speed of mobile applications.
http://www.iceweb.com/press-releases/enhancement-icestorm/
Now, one can assume that the late CEO Signorello and CMO Toole decided to make product enhancements willy-nilly on a random basis or one can assume that they decided to win Samsung's business by meeting their requirements. The way I see it, the only question is the timing and extent of the relationship.
A Tale of Two Press Releases.
Iceweb, May 22 2012
Bending over backwards for Samsung.
Oddly enough, the day after Samsung introduces SAFE (Samsung Approved for Enterprise), Iceweb announces IceSTORM safety and speed enhancements that are mainly beneficial to Enterprise clients including:
--One-click configuration of Fibre Channel and Fibre Channel over Ethernet (FCoE) storage provisioning within the IceSTORM interface
--Bolstered security with SSL communication between the IceSTORM Operating System and IceWEB Unified Storage Appliances
--Increased data integrity and alerting with visual drive-fault notification and disk pool degradation repair directly within the IceSTORM interface
--Enhanced speed and performance with IP multipathing capabilities
http://www.engadget.com/2012/06/18/samsung-galaxy-s-iii-gets-enterprise-friendly-version-in-the-us/
There's a knee-jerk reaction when a minnow like Iceweb is wooing a leviathan like Samsung. Many corporate efforts not directly related to the leviathan come to a screeching halt. I've been done there and got the T-shirt. If Toole fails to consummate a long term relationship with Samsung, Iceweb may find itself in a position where it's fallen way behind in other potential SMB and Enterprise opportunities. On the other hand, a big win with Samsung gives Iceweb a continuing revenue stream and major stature in the storage industry.
Samsung entering the enterprise market is potentially huge for Iceweb since Iceweb has already sold Samsung at least one high-end cloud storage device.
The market for storing consumer's music and videos is already huge and when you add the enterprise in the mix, you can bet Iceweb's CMO is putting a lot of effort into wooing Samsung.
Bitcasa's chances of ever making a profit appear to be zero to me. Due to the tremendous competition. Dropbox, SugarSync, Gdrive, and now Samsung are in the arena and the services provided by Google and Samsung will be essentially free for individuals who just need the basics. It will be paid for by advertisements with Google and hardware sales by Samsung.
If Bitcasa can get $7 million, Iceweb should be able to get better terms on their debt. No one drew us a picture why Carosi joined the board, but it's pretty obvious to me.
Cloud funding.
Nexenta and Panzura seemed to have little trouble obtaining capital. My guess here is Iceweb's new board member Carosi is trying to replace current debt with equity funding (yep, that means dilution) and more favorable debt arrangements. Carosi doesn't bring a whole lot to the table in terms of cloud storage related experience. I have to believe he was brought on board to deal with overall business concerns such as financing.
http://cloudcomputing.sys-con.com/node/2300315
http://www.panzura.com/products/
Video monitoring technology is advancing at a screaming pace with or without the approval or knowledge of government bureaucrats. Here's two stories posted today about video data being gathered, stored, and ruthlessly processed by very high tech hardware and software.
http://www.fastcodesign.com/1670059/moneyball-20-how-missile-tracking-cameras-are-remaking-the-nba
http://travel.usatoday.com/flights/story/2012-06-19/Faster-better-airport-security-checkpoints-not-that-far-off/55693916/1
Iceweb is a clear leader in ingesting and storing massive amounts of video data and they have at least one patent in the pipeline for this technology.
Fusion-IO is THE company to watch in the storage industry. On the other hand, Oracle is in decline as far as storage is concerned.
If Toby is correct and there is a Iceweb/Fusion partnership, it could be very big news indeed.
http://www.h-online.com/open/news/item/Btrfs-inventor-Chris-Mason-leaves-Oracle-1612793.html
The emergence of the BTRFS file system is one more indication of just how fast and dynamic the storage business is right now. As a small company focused 100% on cloud storage, Iceweb is well positioned to make swift moves to take advantage of opportunities. And they'll need adequate funding, of course. For those of you with a military background, you might consider which is more maneuverable, an aircraft carrier or a swift boat.
Replacing debt with equity is an excellent idea considering the interest rate they are paying. Even considering the dilution. Say goodbye to Guido the loan shark and have plenty of cash to hire people, build and ship products.
Iceweb Bugs.
Images from CIA and military drones are already being stored on Iceweb storage devices. Now, a new generation of tiny bug bots promises to make the amount of data gathered explode.
Is that really just a fly? Swarms of cyborg insect drones are the future of military surveillance