Name is Iceweb. Tremendous growth situation....Also mounting takeover speculation, given their technology is far superior then the giants in the industry.
Investors today taking advantage of friday's selloff on the passing of their CEO....
IWEB increasingly likely for a higher low at .14 on rebound
IWEB.OB 11:20AM 0.1490 0.0150 11.19% 630,767
Bullish company pr today:
IWEB.OB
IceWEB Positions Itself for Rapid Growth Marketwire09:43am EDT
What kinda stuck out from earlier pr on IWEB was section on 'Sales and Distribution'
Sales and Distribution - IceWEB has received a surge in orders since the beginning of 2012, including a Global 50 electronics manufacturer, several federal, state and local government procurements; and a spike in mid-market commercial customers for IceWEB's multi-tiered, unified storage systems.....
And to lesser degree:
IceWEB channel partner commitment has strengthened, with renewed interest from channel partners such as DataSpan, CloudFront Group, DST, Navigate Storage, AR Consultant Group, Promark Technology Solutions, and numerous others due to rising demand and bolstered pipelines for IceWEB's differentiated solutions.
Also noteworthy:
Financial - IceWEB reported its second consecutive quarter of double-digit revenue growth earlier this month, with a 49% topline increase quarter-over-quarter. The company is on a solid financial foundation to sustain its current operations and continued growth.
IWEB saw a sharp pullback friday afternoon following newsleak regarding death of their ceo....
He had unexpectedly passed away. .................Technically, did notice fairly solid footing at .12 into close
....
....Could be viewed as a buying op, given the ongoing strength in May....In addition, 12cents is intermediate term/ongoing support....
T on them: They will announce death of CEO Tuesday am...we will announce a new long term commitment to them as
well...
.....it IS business as usual and the existing team and interim CEO will not miss a beat...big deals to announce over next few weeks...
http://finance.yahoo.com/news/statement-iceweb-storage-corporation-board-202600808.html
STERLING, VA--(Marketwire -05/25/12)- We are deeply saddened to announce that John R. Signorello, IceWEB (IWEB.OB) Chairman and CEO, passed away this morning from a genetic heart condition in his Northern Virginia home. He was 45.
Our hearts go out to his wife, his children and his family during this tragic time.
John's passion and energy left an indelible mark on IceWEB, the Northern Virginia community and the entire technology industry. IceWEB's Board of Directors, Executive Management Team and employees are strongly committed to carry out John's vision of continued success for the Company, and to fully embrace John's energy, enthusiasm and dedication.
To maintain continuous operations, the Board of Directors named Mr. Harold Compton as IceWEB's Chairman of the Board and interim CEO. Mr. Compton has served as the lead Director on IceWEB's Board since 2005. He has more than 30 well...
.....it IS business as usual and the existing team and interim CEO will not miss a beat...big deals to announce over next few weeks...
http://finance.yahoo.com/news/statement-iceweb-storage-corporation-board-202600808.html
STERLING, VA--(Marketwire -05/25/12)- We are deeply saddened to announce that John R. Signorello, IceWEB (IWEB.OB) Chairman and CEO, passed away this morning from a genetic heart condition in his Northern Virginia home. He was 45.
Our hearts go out to his wife, his children and his family during this tragic time.
John's passion and energy left an indelible mark on IceWEB, the Northern Virginia community and the entire technology industry. IceWEB's Board of Directors, Executive Management Team and employees are strongly committed to carry out John's vision of continued success for the Company, and to fully embrace John's energy, enthusiasm and dedication.
To maintain continuous operations, the Board of Directors named Mr. Harold Compton as IceWEB's Chairman of the Board and interim CEO. Mr. Compton has served as the lead Director on IceWEB's Board since 2005. He has more than 30
years of executive management experience, including former CEO of CompUSA, President and COO of Central Electric Inc., Executive Vice President Operations and Human Resources, and Director of Stores for HomeBase (1989 to 1993), Senior Vice President Operations and Director of Stores for Roses Discount Department Stores (1986 to 1989), and several other notable positions.
The Board has also named Mr. Mark Lucky as interim Chief Operating Officer of IceWEB Storage Corporation, effective immediately. Mr. Lucky has served as IceWEB's Chief Financial Officer for more than six years.
Notice the volume pickup last two weeks..
Recall upbeat company pr bout a week ago..
IceWEB Announces the Fastest and Easiest Integration With Microsoft Active Directory on All IceWEB Unified Storage SystemsMarketwire(Tue, May 22)
Until now, unified storage devices have not been able to natively and dynamically search Active Directory....IceWEB has created functionality that enables IceSTORM to natively port Microsoft Active Directory rights management policies users, and groups directly into the IceSTORM Operating System, saving IT administrators time without having to manually assign users and groups with rights to write, access, and/or change objects in a shared directory on IceWEB's unified storage systems.
About IWEB: IceWEB manufactures award-winning, high performance unified data storage products with enterprise storage management capabilities at a fraction of the price of traditional providers. Through thin provisioning, target deduplication and inline compression, IceWEB's unified storage arrays enable standardization, consolidation and optimized storage utilization for virtual and cloud environments, saving up to 90% of storage costs, while reducing space, power and cooling requirements and simplifying storage management.
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