News
3/11/2008
06:06 PM
Terry Sweeney
Terry Sweeney
Commentary
Connect Directly
Facebook
Twitter
RSS
E-Mail
50%
50%

Economic Spin

While we contemplate the wisdom of locking Eliot Spitzer and Geraldine Ferraro in a room together for all eternity, let's take a deep breath and give thanks for some positive economic news (Go, Dow, go) and wonder what in the world they're smoking over at the freshly renamed NetApp.

While we contemplate the wisdom of locking Eliot Spitzer and Geraldine Ferraro in a room together for all eternity, let's take a deep breath and give thanks for some positive economic news (Go, Dow, go) and wonder what in the world they're smoking over at the freshly renamed NetApp.Yes, with so much noise parading as news today, you may have missed the record gains posted by the stock market -- up 3%, its best day in more than five years. The surge apparently came in response to the Federal Reserve's decision to pump $200 billion into the economy. As gas prices close on $4 a gallon here in California, I now read phrases like "... as recession fears mount" as so much economist irony.

Still, after the last several weeks, I'll take positive news about the economy wherever I can find it. Between lost jobs, soaring oil prices, and mortgage fraud, there's been precious little to celebrate, much less stave off the sense this downward slide is far from bottoming out.

Still, in a bit of verbal or intellectual gymnastics, NetApp officials told attendees at its recent analysts' day that the shaky economy helps them. Never mind, as this story points out, that NetApp blamed economic conditions on a revenue shortfall last year.

Budgetary pressures will prompt customers to rethink storage and focus instead on improving capacity utilization, reducing energy costs, and lowering expenses. To paraphrase only slightly: the more you spend, the more you'll save.

I think we can mostly agree it's unlikely that spending like a sailor on NetApp arrays will somehow protect your company against entire divisions getting cut, or bring back bigger raises or higher head counts. Still, when the economic indicators look this grim, maybe the smart vendors put on the happiest faces imaginable. Project confidence, like that Annette Bening real estate agent in "American Beauty." Do the vacuuming in your undies if you have to, just sell, dammit.

In fairness, doom and gloom doesn't sell (unless you work for or near Homeland Security). Like me, I'm betting customers are hungry for some good news, too, but not to the exclusion of the negative headlines. Spin it out how you like, since the economy and consumer confidence haven't been tested like this since the weeks after 9/11. But don't be surprised if your storage purchases don't single-handedly rescue your company, or the stock market.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Five Emerging Security Threats - And What You Can Learn From Them
At Black Hat USA, researchers unveiled some nasty vulnerabilities. Is your organization ready?
Flash Poll
10 Recommendations for Outsourcing Security
10 Recommendations for Outsourcing Security
Enterprises today have a wide range of third-party options to help improve their defenses, including MSSPs, auditing and penetration testing, and DDoS protection. But are there situations in which a service provider might actually increase risk?
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2013-7445
Published: 2015-10-15
The Direct Rendering Manager (DRM) subsystem in the Linux kernel through 4.x mishandles requests for Graphics Execution Manager (GEM) objects, which allows context-dependent attackers to cause a denial of service (memory consumption) via an application that processes graphics data, as demonstrated b...

CVE-2015-4948
Published: 2015-10-15
netstat in IBM AIX 5.3, 6.1, and 7.1 and VIOS 2.2.x, when a fibre channel adapter is used, allows local users to gain privileges via unspecified vectors.

CVE-2015-5660
Published: 2015-10-15
Cross-site request forgery (CSRF) vulnerability in eXtplorer before 2.1.8 allows remote attackers to hijack the authentication of arbitrary users for requests that execute PHP code.

CVE-2015-6003
Published: 2015-10-15
Directory traversal vulnerability in QNAP QTS before 4.1.4 build 0910 and 4.2.x before 4.2.0 RC2 build 0910, when AFP is enabled, allows remote attackers to read or write to arbitrary files by leveraging access to an OS X (1) user or (2) guest account.

CVE-2015-6333
Published: 2015-10-15
Cisco Application Policy Infrastructure Controller (APIC) 1.1j allows local users to gain privileges via vectors involving addition of an SSH key, aka Bug ID CSCuw46076.

Dark Reading Radio
Archived Dark Reading Radio
Join Dark Reading community editor Marilyn Cohodas and her guest, David Shearer, (ISC)2 Chief Executive Officer, as they discuss issues that keep IT security professionals up at night, including results from the recent 2016 Black Hat Attendee Survey.