Storage weathers economic storm

Storage vendors haven't been able to completely escape the financial storm threatening the global economy, according to surveys by financial analysts, states Internetnews.

Pacific Growth Equities and RW Baird have released their quarterly IT industry overviews, and both surveys found signs of slowing in the third quarter and considerable uncertainty heading into the fourth quarter.

The survey concluded that though storage remains the strongest area of IT spending, 41% of respondents were below plan in the third quarter, 41% were on plan, and 18% were above plan.

Amazon.com said it would cut storage prices on its S3 Web service for companies with more than 50TB of data, reports InformationWeek.

From 1 November, companies storing from 50TB to 100TB will pay 14 cents per gigabyte in the US and 17 cents per gigabyte in the European Union.

Amazon hopes this move will help it to remain competitive against emerging cloud storage companies.

Overland Storage has formed a strategic, global alliance with Mobotix Vision Systems to deliver video surveillance and archiving solutions for the camera system market, says Marketwatch.

Mobotix will offer a bundled solution including Overland's Snap Server Network Attached Storage appliance family with Mobotix's line of high-resolution digital, network-based video security solutions.

The move comes as a response to the growing demand from organisations across different market segments for easy to install, fully functional surveillance systems for all applications.