283:
27:
1149:
313:, reaching an all-time high of $ 89.75 per share in March 2000 before dropping rapidly and bouncing again to $ 74 per share in June 2000 before stabilizing at $ 57. This was preceded by a six-quarter period of losses totaling $ 11 million and a 39-percent reduction in sales.
277:-based; the initial lineup comprised a 7-drive unit, a 21-drive unit, and a 49-drive unit. In late 1995 or early 1996, Procom introduced the CD Tower Rax, a 56-drive unit with all hot-swappable components (barring the two redundant power supplies). The latter cost $ 69,000 in 1996.
301:. The IPO was a success, the company netting $ 18 million from the sale of 2 million shares. The four co-founders each sold the majority of their stake in the company while its ticker was worth $ 9 per share in 1997, the proceeds from this making each a millionaire.
245:
allowed data to be stored and transferred between them. The company's revenue reached $ 12 million in 1989 and $ 18 million in 1990. In 1991, the company employed 125 from their office in Irvine and posted sales of $ 28 million.
321:
In 2002, Shahrestany, Alaghband, and Aydin resigned as officers of Procom, leaving Razm'joo as the sole remaining founder still managing the company; Shahrestany and
Alaghband both remained on the board of directors, however. In May 2005,
309:–based NASes, whose disk densities and cost-per-megabyte were quickly rivaling that of the CD-ROM. The company's stock price rebounded somewhat by the turn of the millennium, and in 2000 the company's stock was heavily affected by the
296:
By late 1996, Procom had expanded internationally, with offices in France, Germany, and Canada, and employed 200 people in total. In 1997, five years after their first IPO went nowhere, the company filed to go public again on the
326:
agree to acquired Procom's intellectual property for $ 50 million. The remaining husk of the company was acquired by CNDL Acquisition
Corporation, a private company founded by Razmjoo, in December 2006.
304:
In the couple of years that followed the company experienced a precipitous decline in revenue owing to decreasing corporate interest in CD-based NASes in favor of developments in traditional, re-writable
1635:
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273:-based NASes, intended for corporate clients whose networks frequently accessed and copied large amounts of data and software from CD. All drives in CD Tower units were
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249:
In 1992, the company moved its headquarters within Irvine to a larger 62,000-square-foot warehouse and shortly thereafter announced their intentions to
420:
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162:, and active from 1987 to 2005. The company initially produced a wide range of standalone magnetic and optical data storage products for the
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1456:
265:
Procom enjoyed a reputation for its breadth of data storage products in the early 1990s, the majority comprising hard-drive based
208:
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207:, in 1987. All four founders were Iranian-born immigrants who had worked various computer industry jobs while studying at the
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in 1982. The product was fairly successful, and by 1988 the company posted $ 2.5 million in annual revenue.
218:
In August 1987, they released their first product, an external 5.25-inch floppy disk drive intended for use with
159:
215:, another data storage product firm based in Irvine. The four founded Procom with $ 40,000 in start-up capital.
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In the late 1980s, the company released a family of external hard drives that combined with software for the
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402:"Did the Fab Four Sell Too Cheap? Procom's Founders Made Millions When They Sold Stock at $ 9 a Share"
203:
Procom
Technology was founded by Alex Razm'joo, Nick Shahrestany, Frank Alaghband, and Alex Aydin, in
1339:
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884:
1217:
1185:
1148:
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378:"Breaking Out of the Pack: Procom's Independent Ways Have Helped It Succeed in Economic Downturn"
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65:
230:'s 5.25-inch floppy disk format of choice with the new 3.5-inch floppy disk format, invented by
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178:(NAS) products. Toward the end of their existence, they were most well known for their
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633:(1147). VNU Business Publications: 66. May 16, 2005 – via ProQuest.
223:
186:-based NAS devices. The company's intellectual property was acquired by
1441:
1257:
1237:
1202:
979:
948:
842:
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421:"CMS Enhancements Struggles to Recover From Series of Costly Blunders"
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679:
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158:, was an American computer storage products manufacturer based in
269:(NAS) devices. In 1994, the company debuted the CD Tower line of
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462:(11). American City Business Journals: 8 – via ProQuest.
219:
532:(41). American City Business Journal: 3 – via ProQuest.
452:"Procom Joining the Crowd: Filing SEC Papers to Go Public"
120:
in 2005; merged with CNDL Acquisition
Corporation in 2006
578:(7). IDG Publications: 93, 101 – via Google Books.
211:. Both Razm'joo and Shahrestany previously worked for
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1400:
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1312:
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555:(32). IDG Publications: 2 – via Google Books.
485:(10). Ziff-Davis: 264–265 – via Google Books.
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132:
124:
112:
94:
71:
49:
41:
33:
348:"Procom Shares Skyrocket After Positive Analysis"
317:Decline and sale to Sun Microsystems (2000–2006)
1636:Defunct computer companies of the United States
646:"Procom Technology shareholders approve merger"
384:. Times-Mirror Company: 5 – via ProQuest.
371:
369:
367:
365:
363:
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226:line of personal computers, which replaced the
16:American computer storage products manufacturer
354:. Tribune Publishing: 11 – via ProQuest.
695:
8:
609:"Sun to Buy Programs from Procom Technology"
19:
1412:Common Development and Distribution License
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18:
1626:Computer companies disestablished in 2006
1616:American companies disestablished in 2006
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644:Milbourn, Mary Ann (December 15, 2006).
615:: 15. May 10, 2005 – via ProQuest.
400:Smith, Elliot Blair (January 19, 1997).
335:
1621:Computer companies established in 1987
1611:American companies established in 1987
174:before honing in on platform-agnostic
522:"Rebounding Procom Plans Spectrum HQ"
376:Takahashi, Dean (December 11, 1991).
7:
1606:2006 disestablishments in California
520:Coleman, Murray (October 11, 1999).
1641:Defunct computer hardware companies
419:Takahashi, Dean (October 4, 1992).
568:"Huge CD Tower Rax holds 56 discs"
566:Nelson, Andy (February 12, 1996).
346:Alexander, Karen (June 22, 2000).
253:. The company backed out of their
116:Intellectual property acquired by
14:
1601:1987 establishments in California
676: (archived February 12, 1997)
591:"Suit Says Procom Inflated Sales"
496:Williams, Elisa (July 26, 1994).
450:Longwell, John (March 16, 1992).
209:University of California, Irvine
589:Galvin, Andrew (July 5, 2003).
543:Thorat, Dana (August 8, 1994).
190:in 2005 for $ 50 million.
526:Orange County Business Journal
456:Orange County Business Journal
1:
1646:Sun Microsystems acquisitions
1447:Open Source University Meetup
1356:Sun Microsystems Laboratories
288:
1566:The Network is the Computer
473:Unger, Tom (May 26, 1992).
100:; 17 years ago
55:; 37 years ago
1662:
1631:Computer storage companies
766:SPARCstation/server/center
650:The Orange County Register
627:"Sun Acquires Procom's IP"
595:The Orange County Register
504:: C2 – via ProQuest.
502:The Orange County Register
408:: K1 – via ProQuest.
406:The Orange County Register
1579:
1407:
1248:Sun Secure Global Desktop
1145:
717:
597:: 1 – via ProQuest.
160:Orange County, California
24:
1571:Write once, run anywhere
1115:System Service Processor
267:network-attached storage
176:network-attached storage
1130:Ultra Port Architecture
255:initial public offering
156:Procom Technology, Inc.
20:Procom Technology, Inc.
1417:Java Community Process
1284:StorageTek 5800 System
1135:Visual Instruction Set
199:Foundation (1987–1992)
1371:Project Looking Glass
1330:Visualization System
1325:Constellation System
257:that year, however.
1218:Java Desktop System
545:"Network Help Desk"
427:: 3. Archived from
261:Success (1992–2000)
134:Number of employees
21:
1105:Modular Datacenter
720:Acquired by Oracle
613:The New York Times
498:"Technology Notes"
205:Irvine, California
98:December 2006
66:Irvine, California
1588:
1587:
1535:Procom Technology
1515:Lighthouse Design
1488:
1487:
1470:Andy Bechtolsheim
1289:StorageTek SL8500
1143:
1142:
1020:UltraSPARC III Cu
897:Blade workstation
656:on June 21, 2023.
425:Los Angeles Times
382:Los Angeles Times
352:Los Angeles Times
153:
152:
1653:
1520:Montalvo Systems
1500:Afara Websystems
1405:
1151:
944:Java Workstation
934:SPARC Enterprise
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711:Sun Microsystems
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670:Official website
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652:. Archived from
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475:"Procom MEOD128"
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431:on May 20, 2022.
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1016:UltraSPARC III
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1294:Open Storage
892:Blade server
823:SPARCclassic
654:the original
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478:
468:
459:
455:
445:
429:the original
424:
414:
405:
381:
351:
320:
311:dot-com boom
303:
295:
264:
248:
236:
217:
202:
179:
155:
154:
128:Data storage
34:Company type
1432:OpenSolaris
1335:Grid Engine
1313:Performance
1243:Java System
1213:OpenWindows
954:Cobalt Qube
939:JavaStation
479:PC Magazine
243:compatibles
168:compatibles
1595:Categories
1550:Tarantella
1545:StorageTek
1268:VirtualBox
1233:StarOffice
995:UltraSPARC
990:SuperSPARC
985:microSPARC
968:Processors
959:Cobalt RaQ
880:Enterprise
331:References
307:hard drive
182:series of
149:(archived)
147:procom.com
138:275 (2000)
87:Alex Aydin
1437:OpenSPARC
1401:Community
1380:Education
1263:GlassFish
1090:Fireplane
572:InfoWorld
438:281699826
251:go public
239:Macintosh
172:Macintosh
1582:Category
1525:MySQL AB
1510:Gridware
1465:Bill Joy
1422:NetBeans
1366:Fortress
1361:picoJava
1349:Research
1157:Software
1095:LOM port
1054:SPARC T5
1049:SPARC T4
1044:SPARC T3
727:Hardware
434:ProQuest
180:CD Tower
170:and the
125:Products
72:Founders
45:Computer
42:Industry
1559:Slogans
1442:OpenJDK
1277:Storage
1238:iPlanet
1203:SunView
1169:Solaris
1110:Neptune
980:MB86900
756:Sun386i
734:Systems
672:at the
222:'s new
194:History
143:Website
105:2006-12
103: (
95:Defunct
58: (
50:Founded
1540:SavaJe
1457:People
1340:Lustre
1223:Studio
1010:Gemini
436:
299:Nasdaq
228:IBM PC
164:IBM PC
37:Public
1392:BlueJ
1320:Cloud
1253:MySQL
1164:SunOS
1080:Sun4d
1073:Other
975:SPARC
927:X4500
922:T2000
885:10000
833:Ultra
828:Netra
761:Sun-4
751:Sun-3
746:Sun-2
741:Sun-1
291:1999
1530:Pixo
1387:SCPs
1228:Java
1208:NeWS
1196:ZFS+
1179:NIS+
1125:SPOT
1100:MBus
1085:SBus
1064:MAJC
1059:Rock
917:E25K
902:Fire
275:SCSI
232:Sony
224:PS/2
166:and
113:Fate
60:1987
53:1987
1304:ZFS
1299:QFS
1258:xVM
1191:ZFS
1186:NFS
1174:NIS
949:Ray
912:15K
907:12K
806:IPX
801:IPC
631:CRN
220:IBM
64:in
1597::
873:80
868:60
863:30
858:24
853:10
816:ZX
811:LX
796:20
791:10
648:.
629:.
611:.
593:.
576:18
574:.
570:.
553:11
551:.
547:.
530:22
528:.
524:.
510:^
500:.
483:11
481:.
477:.
460:15
458:.
454:.
423:.
404:.
390:^
380:.
360:^
350:.
338:^
289:c.
271:CD
184:CD
848:5
843:2
838:1
786:5
781:4
776:2
771:1
703:e
696:t
689:v
440:.
107:)
62:)
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