An Increase in Cloud Services Spending as Enterprises Manage Data Growth: An Interview with Andrew Nowinski, Vice President and Senior Research Analyst at Piper Jaffray & Co.

Wall Street Transcript

67 WALL STREET, New York - September 19, 2013 - The Wall Street Transcript has just published its Data Hosting Centers and Data Storage Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Data Hosting Centers - Flash Memory - Cloud Computing Secular Trends - Data Center REITs

Companies include: CommVault Systems, Inc. (CVLT), Seagate Technology (STX), Western Digital Corp. (WDC), Mellanox Technologies, Ltd. (MLNX), Emulex Corp. (ELX), QLogic Corp. (QLGC), Brocade Communications Systems (BRCD), EMC Corporation (EMC), NetApp, Inc. (NTAP), Rackspace Hosting, Inc (RAX), Equinix Inc. (EQIX), Gartner Inc. (IT), Amazon.com Inc. (AMZN), Google Inc. (GOOG), Microsoft Corporation (MSFT), QLogic Corp. (QLGC), Symantec Corporation (SYMC), International Business Machine (IBM), Dell Inc. (DELL), Apple Inc. (AAPL), STEC, Inc. (STEC), SanDisk Corp. (SNDK) and many others.

In the following excerpt from the Data Hosting Centers and Data Storage Report, an experienced equity analyst discusses the outlook for the sector for investors:

TWST: Let's start with an overview of your coverage universe.

Mr. Nowinski: My coverage universe has evolved since the last time we spoke about six months ago. I've added a few names in the storage market as well as four names in the data center and hosting market. So my coverage universe now spans across the entire value chain in the storage market, ranging from software vendors like CommVault (CVLT); to component vendors like Seagate (STX), Western Digital (WDC) and Fusion-io (FIO); to networking vendors like Mellanox (MLNX), Emulex (ELX), QLogic (QLGC) and Brocade (BRCD); to system vendors such as EMC (EMC) and NetApp (NTAP); and then I also recently expanded coverage into the data center hosting market, which includes coverage of Rackspace (RAX), Equinix (EQIX) and a few others.

TWST: When we spoke at the beginning of the year, you were fairly bullish on the data storage and networking sector. What's your sentiment on that today?

Mr. Nowinski: My view of the storage spending environment at the start of 2013 was in fact very bullish. That view was based on the results from our CIO survey that we had conducted in December, where about 63% of CIOs had said they planned to increase spending on storage in 2013, ranking it as the second-highest spending priority. The results that we have seen through the first half of 2013 did not really correlate with the CIO survey results, and they could be...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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