Better 3Q09 Guidance for Dot Hill

Dot Hill Systems Corp. updated its financial guidance for the third quarter of 2009 ending September 30, 2009.

On August 10, 2009, the Company provided guidance for third quarter 2009 net revenue in the range of $55 to $62 million and a net loss per fully diluted share in the range of $0.02 to $0.08 on a non-GAAP basis. In addition, the Company said it expected cash and cash equivalents as of September 30, 2009 to be in the range of $52 to $56 million. Based on improved visibility with OEM customers, and particular strength in the entry level storage segment, the Company now expects financial results to be in the upper half of the ranges provided on August 10, 2009.

Dana Kammersgard, Dot Hill’s president and chief executive officer, commented: "We appear to be benefiting from improvements in the economy and the relative strength of the entry level storage segment, which has weathered the recession better than other areas of technology spending. Accordingly, we are reaffirming our guidance and expect that our third quarter financial results will be in the upper half of the previously provided ranges."