SiliconBeat

NetApp asked its shareholders to approve a proposal to allow a “one-time option exchange” for its employees at a special meeting held April 21. The measure was approved, according to a filing May 5 that detailed the terms of the exchange program. What wasn’t known until today was just how close the company came to losing that vote.

In its annual 10-K filing with the SEC Wednesday, the Sunnyvale supplier of data storage systems and services revealed the vote totals. The number of shares voted in favor Read the rest of this entry »

NetApp, the Sunnyvale network storage company that reported its second straight quarterly sales drop Wednesday and its first net loss since 2002, is set to buy itself some growth with the announcement that it has reached a deal to acquire Data Domain, a Santa Clara maker of data-duplication storage appliances used for backing up, archiving and disaster recovery of data.

The deal, which involves an as-yet unspecified combination of cash and stock, reportedly values Data Domain at Read the rest of this entry »

Network storage equipment maker NetApp will pay the U.S. government $128 million in a settlement reached through the Department of Justice, according to a regulatory filing. The settlement was reached on behalf of the General Services Administrations and related to an investigation into NetApp’s compliance with price reduction clauses in some of its contracts with the GSA between August 1997 and February 2005. NetApp previously recorded the charge during its fiscal 2009 third quarter in anticipation of the settlement.

Last year the company received a subpoena from Read the rest of this entry »

Intel grabbed headlines today announcing its first-ever option exchange program that helped balance its implementation of an across-the-board salary freeze. But joining Intel today in announcing a plan to reprice employee stock option plan was NetApp, the Sunnyvale provider of network storage appliances, which is asking its shareholders to vote on a plan to reprice options with exercise prices of $22 or higher.

In its argument in favor of the measure, NetApp’s board said that Read the rest of this entry »

NetApp, the Sunnyvale maker of network storage equipment, canceled its upcoming user conference — NetApp Accelerate — scheduled for February “in response to customer feedback about increasing restrictions on corporate travel,” according to a release Monday afternoon.

“We had more customer interest in NetApp Accelerate than we anticipated,” said Elisa  Steele, senior vice president, Corporate Marketing, at NetApp. “But those same customers told us their travel budgets were being cut and it was difficult to commit to attending in today’s climate of economic uncertainty. For those reasons, we decided to cancel this year’s program.”

People who had already registered Read the rest of this entry »