Tuesday, October 30, 2007

Virtualization is a Hot Stock, Savvis not

According to Data Center Knowledge, virtualization stocks are hot right now. (CDN shares not so much). VMWare stock is up almost 200% from just 3 months ago.

Savvis had $190M in 3Q07 revenue and posted a $5M profit, including a $1.9M tax benefit. Savvis is also projecting to be a $900M company in 2008. Apparently, they are hoping for big things from the data centers that they opened in Atlanta, DC, NJ, and Santa Clara in 2007. Including the last 2 new centers to be opened in Chicago and Boston very soon, Savvis will have 29 data centers in the U.S., Europe, and Asia.

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