Here's another day. Getting the picture yet?
Yes, it's probably best in class: fast, easy to use, and infinitely scalable. Fold in Sphere 3d's Glassware and you can also virtualize any legacy software. It's a powerful 'end to end' solution, and to my knowledge the only one of it's kind on the market. Sales last quarter were up 20% Q over Q (annualize that!) so it's clear that customers are finding OVRL's offerings attractive and cost effective.
Looks like the integration of Sphere and Overland took another step forward with the new product announcement combining V3's desk top orchestrator(part of Sphere) now being combined into an Overland product suite that is now a one stop shop for data access, virtualization, and storage. The combined companies appear to offer a unique and 'top of the industry' solution to the problem of large data storage and manipulation, and with the size of the market and the immediate compelling need the future looks very bright indeed.
Waiting for news for the merger between OVRL and ANY to be completed soon. Probably September. Revenue run rate $100M+ and with Sphere's Glassware 2.0 in the mix who knows what Q3 will show. This is a very exciting story at the dead center of the fastest growing section of the IT market. Few know about it yet, but after the merger a whole new crowd of investors and institutions will.
Day to day watching the price of a stock is not particularly relevant--iIt's what happens over time that counts.
Here we have a novel idea, a game changer for application virtualization, about to marry a company with a huge marketing and services arm. The combo could be a powerhouse.
So far the indications are very good that something big is afoot here. It will take another quarter or two for the dust to settle, but with ~$100M+ run rate per annum already, a multi billion dollar market, partnerships with Dell, Google, Ericsson, etc. it's probably worth having a piece of this story to see how it plays out.
Hey pal, how do you like that cold molasses now?
Well, Google does via Chromebook sales, Dell does via its healthcare software, Novarad does….etc. etc. The retail investor hasn't jumped in yet, but they will, and institutions will follow. Wait for the merger and you'll see.
Well, the new CEO seems to have done a bit of magic this quarter with 45% Q over Q growth number. He's put together a new sales force, buffed up his flagship product, and it's off to the races. He's doing what he says, and next quarter looks to be more of the same. Stock ABSURDLY cheap. Company will be break even by end of year and profitable next. This sale won't last forever.
A tabloid piece not worth commenting on. Yes, it could happen someday, but that day is a long long time from now.
There is a huge short position by a Canadian hedge fund that began shorting at 2 or so. They are fighting for their lives and are trying to drive the price down so they can get out with the smallest loss. On the TSK, the Toronto exchange, there is unregulated naked shorting and probably over 2M short shares out there.
Bottom line, until the merger is done and Sphere delists from TSK, it's all out war. Sphere will be fine in the end as they are hitting it out of the park business wise, but the price will be unstable until the exchange issue is resolved.
Thanks for these and I feel way better already.
The author of the Register article is trying to be objective and is offering what he thinks is a 'balanced' views of the pros and cons of Sphere / Overland. Good on him. Well, fast forward a few months(it's a May article) and you have OVRL's sales up 20% Q over Q, and at least some of that appears Glassware based. As well, the tech guy who reviewed Glassware was sent to Sphere by a pal of mine and the software blew his doors off, and he was a major cynic beforehand.
So I'm feeling good with the entire situation and my investment. I bought a major position of Sphere at around a dollar and have not sold a share. I'm now buying OVRL, and will continue to.
To be honest I think this is one of the best opportunities I've come across in years. There are always doubters at this stage, but with Google putting Glassware in Chromebooks, Dell incorporating it in it's healthcare software, etc. the validation angle of the story is pretty well covered.
I'd love to read the techie reviews you are referring to.
I knew there were some initial doubters, but felt that as time went on and they saw the product demonstrated they were coming around one by one. It's only natural for any 'expert' to resist believing that an obscure Canadian company could have solved such a big problem. See that all the time, and given that I personally invested after a friend sent an expert to the company last year to review the technology, and that expert subsequently becoming an investor, I was pretty convinced.
The 'other' part of the story is that Sphere has partnered with Dell in their Healthcare business, Google in their Chromebook business, Ericcsson in their storage business(pilot program), and Novarad in their X-ray business.
So anyone who questions whether this technology is 'for real' or not, just thumb through the press releases and the iHub message board and you'll find that they are right at the top of the food chain.
Oh yeah, a 20% QUARTER OVER QUARTER growth number is really gross!!! Eeewww!
You must be really feeling the pain to post something so stupid.
It's a software development company that was developing a product for a cell phone manufacturer when they realize they had solved a HUGE problem in the IT space: They have a product that allows any software of any generation on any device of any generation communicate seamlessly. Digest that for a second.
In a few clicks their solution allows you to 'virtualize' your application and, via the cloud(public or private), all the folks in your organization(government, company, hospital, etc.) to communicate without your IT folks having a heart attack. It simplifies the game hugely.
The market has not woken up to it completely yet, but with the upcoming merger with OVRL, and OVRL's earnings win today(some due to their incorporating Sphere's Glassware(the product name) the word is starting to get out.
There is a HUGE short position on the TSX(Toronto) exchange, and this could get pretty stupid if a squeeze starts. The shorts have not given up, but they may have run out of time.
Take a look at today's press release…and don't bother apologizing. It's not necessary. Facts speak louder than message board BS.
See the announcement this morning to see just how ridiculous tapedriveknuckleheads posts are.
This company is on a serious roll, and a jump from $20M in Q3 to $24M in Q4 is nothing but huge.
Just wait until they combine with Sphere 3D in a few weeks and you will get what the brains behind all these moves(ANY-OVRL merger; purchase of V3 by ANY; OVRL-Tandberg merger; etc) were thinking. Huge moves ahead in both OVRL and ANY, and for those who are awake to this story congrats and enjoy.
Q1, the first quarter the product was on the market, they sold $900,000+ worth and Q2 they sold $1.7M. No sales? This is practically a parabolic start, and with a tiny team of around 6 sales guys.
Add the fifty plus in sales force with OVRL and see where this leads….and that doesn't include the dozens and dozens of resellers.
Dig a bit deeper, happy, there's a neat story here. Check out iHub as well. This is revolutionary stuff, and every tech guy I know who has gotten near this has become an investor. If that doesn't tell you something, I don't know what does.