Thursday, October 07, 2004

Resellers Rally 'Round SOX (Sarbanes-Oxley)

Sarbanes-Oxley was originally considered a boon to storage vendors because it requires organizations to retain more information and have the ability to produce it quickly when audited. But Veritas Software Corp. (Nasdaq: VRTS) and other software companies said sales dropped in June as organizations curtailed spending while concentrating on reaching compliance.

"Sarbanes-Oxley did not have that much impact on overall IT, and almost no impact on infrastructure at all," Baird analyst Dan Renouard says. “There were a lot of fears that it would hurt the market, as companies would delay spending and lock down their systems. Then Veritas missed its numbers and pointed to Sarbanes-Oxley as a major reason why."

Resellers Rally 'Round SOX (Sarbanes-Oxley)

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