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back to article Tintri teeters on the edge of oblivion

Storage array supplier Tintri is circling the drain as it issues preliminary first fiscal 2019 quarter results and issues dire warnings, really dire warnings, about its prospects. Revenues are expected to be $22m, 27 per cent down on a year ago. A net loss of $1.14/share is expected, implying an overall net loss of c.$30m. …

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  1. Steve Davies 3 Silver badge
    FAIL

    Storage - The promise of riches tomorrow

    only, tomorrow never comes.

    How many other 'storage' companies have bitten the dust (gone TITSUP) in the past 5 years and how much money has been poured into this bottomless pit?

    And, how many founders of storage companies have retired to some tax haven after milking their creation dry.

    Come on El Reg, we deserve to know (don't we?)...

    8 0 Reply
    1. Korev Silver badge
      Reply Icon
      Coat

      Re: Storage - The promise of riches tomorrow

      Yep, many are a flash in the pan...

      5 0 Reply
  2. Jay Lenovo

    Journeys in the New Storage World

    Product's fine, but the prospect for profitability (market share critical mass) is certainly not being realized in a hope providing manner.

    Sometimes the wind beneath your wings is a downdraft.

    1 0 Reply
  3. Anonymous Coward
    Anonymous Coward

    Go back and read...

    Go back and read the "You guys will be fine" comment made by somebody in the "Tintri shares reformatted" article.

    I wonder how that guy is going to feel if (scratch that...WHEN) Tintri finally goes under?

    And can you believe Tintri still has the chops to list themselves as a leading provider in the same press release that also states they have liquidity problems? LOL!

    1 2 Reply
    1. Anonymous Coward
      Reply Icon
      Anonymous Coward

      Re: Go back and read...

      I agree with that comment. There will still be a buyer post-bankruptcy. This will likely Chapter 11. Tintri will keep enough employees to support their customers and live off any continued S&S flow. Re-orgs do not mean the end. It just means the end of owing debt in exchange for massive brand damage. Bankruptcy not great for your brand, but existing customers will be fine for a while.

      1 0 Reply

  4. This post has been deleted by its author

  5. Anonymous Coward
    Anonymous Coward

    Support?

    So if they go bankrupt does that mean customers will have no ability to get support? How does that work?

    0 0 Reply
  6. Anonymous Coward
    Anonymous Coward

    watch it go

    10 years, close to $500 million in financing consumed, 2 million lines of code, 1500 customers, many thousands of systems shipped... all about to sink without a trace.

    https://www.youtube.com/watch?v=eVTXPUF4Oz4

    0 1 Reply

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