Replies to post #37756 on Sphere 3D Corp (ANY)

[JayDan]

Hugodrax said $20 could come this year, maybe he is right for the first time !!

[rphili]

love the sarcasm,

[mensplus]

LOL Common,not too many investors get to endure margin calls on the same stock long as well as short...I believe Hugo was busy this afternoon shorting them $1.50s...

[Hugodrax]

"""I need to ask... what should I do now?"""

I'd recommend having a look at the Quantum results and conference call.

I'll give you a few tidbits and then you can ponder Q4 for ANY:


"Turning to our data protection products, our revenue in this area were impacted by the overall market weakness in both general storage and data protection and backup. In total, tape automation systems and related service was $51.2 million for the quarter, compared to $66.7 million in Q3 of fiscal 2015."



"OEM tape automation and related service revenue was down $1.2 million or 9% year-over-year. This reflected lower sales in entry and mid-range libraries"

"Branded tape automation in related service decreased $14.3 million or 27% year-over-year due to lower revenue in all product categories."

"Disk systems backup and related service revenue was $19.6 million, down $4.4 million from the prior year."

"Finally, as it relates to data protection, devices and media revenue totaled $10.2 million in Q3, down from $13.5 million in the prior year, due primarily to lower media revenue. However, there continues to be SIGNIFICANT PRICING PRESSURE ON TAPE MEDIA PRODUCTS, and we continue to make conscious decisions to not pursue unprofitable revenue
opportunities."

"I think one of the big storage companies reported today. One of the big OEMs reported last week. THOSE BUSINESSES ARE UNDER PRESSURE."


So what I would do is go and see where almost all of ANY's revenue comes from and gird your loins for the Q4 results.