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Jock, you weren't wrong. As I recall, you didn't believe the hype, just played the rise and fall.
Sadly, people with no tech expertise believed the hype and got slaughtered.
Hey Jock, can I say "I told you so"? :)
But you made some money, so its all good. Except for the poor baggies that got wiped out.
That's about right....explains why some investors, especially in the Deep South, have held on to shares as it steadily declined from $10 to ten cents.
Maybe it's the school system....
Someone told me this is a stock promotion scheme aka pump & dump.
Thoughts?
Because ignorant and uninformed and just plain stupid retail bag holders still think there is hope.....long after they have been fleeced.
When he and his pals have sucked every last penny out of the dying carcass of retail investors.
Some people must enjoy losing money
Once again, your analysis is spot on. Can't argue with what you are saying. Sadly, you miss the key paragraph on the blog:
HVE uses VMware View alongside Teradici’s PC-over-IP APEX2800 offload engine cards for a seamless user experience, and the VMware Sphere Stack is customized with platform specific engineered VMWare View configurations. HVE solutions have been optimized for performance, cost, and operational agility, and the open platform allows their team of highly qualified engineers to develop custom solutions for customers of all types and sizes.
Please note that the HVE solution relies on VMware products and technologies, not Sphere's. This is the same VMware technology stack that "Glassware makes irrelevant" according to Sphere founders and senior leadership.
So, perhaps you can tell us why Sphere is now reselling VMware products. Heck, tell us why they bought a VMware reseller if their own home grown solution makes VMware irrelevant and redundant?
And suggesting data centers are a large market for unproven technology from Sphere, a company teetering on insolvency, is akin to saying that the earth is covered in highways and roads, thus Bob's Horse and Buggy Builders is a great investment.
I am sure we all look forward to your explanation why Sphere is reselling VMware when Glassware makes it irrelevant. Thank you in advance for your feedback.
I know a Greek that has made millions based on this premise
What did Forrest Gump have to say about that?
"Stupid is as stupid does"
They made money mining retail investors.
Not a chance Plus. Not a chance. The market they are in is not that big. As an example, between them, VMware and Citrix sell maybe $500-$700 million in software COMBINED that Glassware would compete against in the market.
And that is with the advantage of a long standing installed base. Each has tens of thousands of resellers. Heck, VMware has more sales people in Toronto alone that Sphere has employed worldwide. Do the math.
And it never worked so the discussion is irrelevant. The claims made by company execs throughout 2013 and 2014 are demonstrably false.
Sorry dawg, but how do you know the Dell World demo worked? Do you even know what the Dell World demo comprised, and how it was performed?
The demo claimed to show 8,000 concurrent users on the system. Oddly, when the company promoted the system on their web site, they said it would support 100 concurrent users. Care to explain the difference?
Let me explain the difference. Fro someone that was there and spoke to the Sphere tech at the booth, the best was simply a program that replicated a user typing at 40 words per minute. It loaded the CPU only. No read/writes to network, storage or RAM. And lightyears away from what a real user would do.
Again, a simple CPU speed/load test. Heck, it didn't even replicate the load that having Windows operating on the system would require.
By the way, at the same time, Dell released detailed performance specs and test results for their own in house technology called v-Workspace(acquired with the acquisition of Quest) that could deliver a real 5-6,000 users on the same hardware.
And Dell killed the product because they could NOT compete head to head with VMware, Microsoft and Citrix!!
Sadly, and remarkably, there are still original retail shareholders hanging on to this dog. Some "just believe"
Insiders squeezing the last juice out of the grapes, and retail shareholders.
No, it didn't.
"Glassware on Dell" was pitched as the claim that "Glassware was embedded on all Dell server, laptops and Chromebook". It never was. Never will be.
Did Sphere sell two servers to a small school board on a pair of Dell servers. Yes. That is a far cry from claiming that Dell was bundling or "embedding" Glassware in all of its products as a certain pump newsletter and some social media sites claimed. Please understand the difference. And understand that any third party vendor can buy a Dell, HO, IBM, VMware server and install their software on it and resell it. ANYONE
Note: it was also claimed that the school, New Caney had 10,000 users up on Glassware....before it was installed. It was then proclaimed as a great success by Peter Bookman with the tweet "two kiddoes (SP) up and running" Yes TWO!!! Thats a far cry from 10,000.
I suggest that if you want to know how well it worked at New Casey, contact Dustin Hardin, the school IT director and ask him. He is no longer here but can be found via LinkedIn.
Note2: it was also claimed in a third party article written by the soon to be named Sphere VP Simon Bramfitt that another school, CCPS, has 30,000 Chromebook connected via Glassware.
To no one's surprise, that was also false.
Don't forget it will be in all UPS stores soon :)
What passes as good news in the ANY world?
Our losses reduced (they have been saying that for about 4-5 years), one business unit might be worth something (that is a mighty big 'might be"), and out unit that includes Glassware increased revenue (of course it did, they acquired a company that resells VMware, a product that works (but is made redundant by Glassware....too funny!!)
Close to ZERO Glassware sales since 2013. Everything else is perennial money losing low end storage, and repackaged VMware and third party hardware software.
If you guys haven't figured it out yet, you never will.
After another 25:1 split perhaps.
That clown was calling for $6/60/600 at one time too
ZERO
Ok, please support this with facts: "Glassware revenue is increasing, Can you offer insider info to support this claim since the company does NOT provide that detail? Can you show any client references? How about some independent third party reviews? (Hey, did they ever follow through on the promise of those three sandbox test systems and the delivery to ZDNet for a review....of course not!!))
However, I agree 100% with this part of your statement "but of course it doesn’t work at all, and is a total myth, fraud, and hoax"
Well, for once you are right. "I am sure the patent is useless and bogus, and will never work"
Can't argue with that.
Glassware on Dell. Another big lie.
When will investors learn?
And not a single word about Glassware, the "industry disrupting", "Citrix killing", "makes VMware redundant" technology.
NOT A SINGLE WORD
June 30, 2014 ANY worth $256/share (adjusted for splits)
Today: ANY worth $2.41/share or less than 1% of its peak value.
So, is it the fault of:
A/ Poor management
B/ Poor sales execution
C/ Over hyped non-existent product
D/ Over-hyped partnership claims
E/ Just pure bs from the beginning
Allow me to suggest another option.
F/ All of the above
What did PT Barnum say? "There's a sucker born every minute"
Disruptive? Can we all finally admit that the only thing this company has disrupted is the bank balance of its investors.
Just imagine what would happen to the share price if the company signed BIG partnership deals with companies like Corel, Dell, Google, VMware, Microsoft, Atos, Ericsson and others??
I hear it is now the industry standard :)
Ooooh, the excitement over a $1 million win including services. Great news and finally a win for Glassware........NOT.
From the company website the following info on HVE;
HVE Server Virtualization Platform
Server Model - HVE-STAGE - 1U Chassis
CPU - Dual 14-Core Intel E5-2600 v4 Series
RAM - 128-512GB DDR4 @ 2400MHz
NIC - 2x Dual 10GBase-T (Dual SFP 10G, Dual QSFP 40G, Fibre channel available)
Storage: OS SATADOM
Hypervisor: VMWare, Microsoft or any Type 1 hypervisor compatible with Intel
So, Sphere is selling VMware or Microsoft. Not the game changing, paradigm shifting, VMware and Citrix killing Glassware. Why not? Why pay VMware or Microsoft for a hypervisor solution when your own company sells a product that makes those technologies redundant?
And once again, this means that Sphere is a reseller, or a VAR, packaging another company's servers and storage (example: SATADOM from Super Micro https://www.supermicro.com/products/nfo/SATADOM.cfm) with another company's software.
If an investor thinks that recipe is the path to riches, I wish you luck.
Glassware fake news? Surely not! The company just released this press release:https://www.storagenewsletter.com/2017/09/05/glassware-2-0-availability-by-sphere-3d/
And it includes this gem:
Through patented Glassware 2.0 technology, organizations can tackle their enterprise applications that need modernizing; a market that Microsoft officials have said includes 16 million 'classic' Win32, .NET and Windows Presentation Foundation (WPF) apps in existence.
"We have come a long way over the last couple of years as far as the capabilities of Glassware and the flexibility to deploy this game changing technology", said Peter Bookman, global strategist, Sphere 3D. "The OVA, coupled with the support that the HVE team can provide, customers are ready to tackle just about any application in their ecosystem and deploy it on existing infrastructure".
Read that carefully. Glassware can now deliver, at the end of 2017, legacy Windows apps.
A remarkable achievement considering that in 2013 and throughout 2014 the company claimed it could deliver mainframe, all Windows apps, Apple iOS and OSX, Linux, AIX, Android and of course, Fortran.
PS The announcement says the new Glassware OVA can mount on VMware ESXi hypervisor. As a reminder, that is the same technology that the company claimed Glassware made irrelevant and unnecessary. And even better, ESXi is the same one that Sphere executives said Glassware would make redundant. Remember the Citrix killer?
It would be funny if it wasn't for the fact that people lost millions on this story.
So, its now trading at about 8 cents pre reverse split. Another "great success" engineered by Tassy and company.
I wonder who made all the money.......
Does it matter if Glassware flies off the shelves now that it is open source?
You are better informed than I on this topic. Why would you describe it as a pump and dump?
Are you suggesting that this is just a pump and dump scheme?
Glassware may be real. But what does that mean? Is there code that the company calls Glassware? Sure. Can it do what they claim? The evidence is a resounding no.
Want proof? Are there any clients? Can they demonstrate mainframe apps running on Glassware? Can they demonstrate Apple iOS or OSX apps running on Glassware? Can they demonstrate Android, AIX, Linux running on Glassware? In 3 plus years they have never once, not once, demonstrated these capabilities.
Has the ATM market disappeared? No. So why are ATM vendors and users not using Glassware if it is the only way to deliver ATM apps in the cloud?
Have companies stopped using "legacy" apps? If not, why are there no companies using Glassware to deliver their legacy apps?
Have schools stopped using Windows apps, or Chromebook, or educational testing software like Pearson? No, so where are all the schools using Glassware?
Have Dell and Google gone out of business? No, so where are all the products with Glassware embedded?
Hase Novorad gone out of business? Have hospitals stopped using Xray technologies? No, so where are all the NovoGlas clients?
Has VMware gone out of business? No. So where are all the VMware clients using Glassware and DCO?
There is a pattern here that a cynic might view with suspicion.
So, what is left at Sphere? Low end storage and tape, the same technologies that had delivered 8 years of consecutive quarterly losses.
I wonder if Peter Tassiopoulos and Eric Kelly would comment on this board about why they turned that offer down.
What I expected