i've been ask on the inph boards here and at yahoo why mylx
and why mylx now. so here is a years worth of news that makes
mylx so compelling to me.
Top Five Institutional Holders
Rank Institutional Name Position
1 CRABBE-HUSON GROUP, INC. 3,158,400
2 BECKER CAPITAL MANAGEMENT INC. 1,534,176
3 THOMSON HORSTMANN & BRYANT, INC. 1,287,700
4 DIMENSIONAL FUND ADVISORS INC 1,053,200
5 FULLER & THALER ASSET MANAGEMENT INC. 543,800
Mylex produces high performance disk array contollers, PCI bus based and external, Ultra SCSI host bus adapters and complementary computer products for network servers, mass storage systems and workstations. For the three months ended 3/27/99, revenues rose 28% to $36.3 million. Net loss fell 86% to $276 thousand. Revenues benefited from the sale of newer products. Lower loss reflects lower expenses for research and development.
BOOK $4.31 CASH $39.4MIL SHARES OUT 20,689,208
FLOAT 11,400,000 PRICE/SALES 1.24 SHORT POSITION 5.781%
Mylex Announces Continuation of
Stock Repurchase Program
FREMONT, Calif.--(BUSINESS WIRE)--March 29,
1999--Mylex Corporation (Nasdaq: today announced that it
was continuing to repurchase shares of its common stock
under its previously announced stock repurchase program.
Under that program, the Company would repurchase shares
of the Company's outstanding common stock from time to
time on the open market as the market and business
conditions warrant. Since inception of the program in April
1997, Mylex has repurchased 1,400,400 shares of its
common stock.
''Mylex believes that the current price of our common stock
does not reflect the financial strength or true value of our
business,'' noted Al Montross, President and Chief Executive
Officer of Mylex. Montross continued, ''While first quarter
1999 results are not expected to meet analyst estimates,
results are expected to show significant improvement over
the same quarter in 1998. Our decision to resume the
Company's stock buyback program underscores
management's belief in Mylex's future opportunities.''
Colleen Gray, Vice President Finance and Chief Financial
Officer of Mylex, further stated, ''We are debt-free and
have more than enough cash to execute our plans for 1999.
Mylex believes this is a good time for it to invest in its stock,
which provides an opportunity to further enhance
shareholder value.''
DISTRIBUTION BELL ELEC. CHS ELEC. MICROLAND ELEC.
ONLINE SALE AND A WHOS WHO OF OEMs
Ten Major Systems Vendors Choose
Mylex eXtremeRAID Controller for
Their Enterprise-Class Network
Servers
eXtremeRAID(TM) Increases
Performance and Reliability of
High-End Servers
FREMONT, Calif.--(BUSINESS WIRE)--April 5, 1999--
Mylex Corporation (Nasdaq: MYLX - news), the world's
leading RAID controller vendor in the non-captive network
systems marketplace, today announced that ten leading
systems vendors have integrated Mylex's high-performance
eXtremeRAID(TM) 1100 PCI RAID controller into their
mid-range and high-end network servers. The systems
vendors covered by today's announcement include Acer
America Corporation, Data General Corporation
(NYSE:DGN - news), Fujitsu Limited Japan, Fujitsu Limited
Europe, Hitachi America Ltd. (NYSE: HIT - news),
Intergraph Corporation (Nasdaq:INGR - news), Micron
Electronics, Inc. (Nasdaq: MUEI -), NEC America, Inc.
(Nasdaq:NIPNY - news), Packard Bell NEC Europe and
Siemens AG.
''We're pleased these vendors are choosing Mylex to boost
their server performance,'' said Eric Herzog, vice president
of marketing at Mylex. ''Most server performance
bottlenecks can be traced directly to the storage system.
Mylex's eXtremeRAID controller is designed to maximize
server performance by eliminating I/O bottlenecks that
commonly occur along the data path between the disk drives
and the server.''
Mylex's ability to eliminate bottlenecks and improve
performance and availability has helped several of the top
PC server vendors to win TPC-C and TPC-D awards,
rigorous benchmarks specified by the Transaction Processing
Performance Council. These awards provide real-world
server performance in online transaction processing
environments.
''We chose Mylex's eXtremeRAID for its unmatched
performance,'' said Lee Hanson, vice president, Intergraph
Computer Systems' Enterprise Solutions Division in
Huntsville, AL. ''We are committed to providing our
customers superior performance, manageability and
flexibility, and eXtremeRAID fulfills these requirements.''
''As the world's 4th largest server manufacturer, Acer has
provided hundreds of thousands of reliable servers into a
variety of network environments. Acer America has
continued this by selecting Mylex's eXtremeRAID controller
to complement our full line of Altos servers. Customers
require dependable, high performance network solutions, and
our Altos servers and Mylex's eXtremeRAID controller
provides this,'' said Tony Huynh, product manager,
Commercial Systems Division at Acer America.
eXtremeRAID Delivers Record-Setting Performance for
Enterprise-Class Servers
eXtremeRAID achieves its award-winning performance by
integrating several advanced technologies, such as Mylex
firmware, a 233 MHz Intel (Nasdaq:INTC - news)
StrongARM on-board RISC processor, a 64-bit PCI bus and
multiple Ultra2 SCSI LVD buses. The controller delivers
performance greater than 8,000 I/Os per seconds as
compared to the 2,500 I/Os per second typical of many
other mid-range and high-end controllers.
Working in tandem, the on-board RISC processor and Mylex
firmware de-couple disk drive I/O management tasks from
the network operating system (NOS), freeing the NOS to
service other applications.
The controller's Ultra2 SCSI LVD (low voltage differential)
doubles maximum data throughput rates between the disk
drive and the controller by raising data transfer rate
bandwidth to 80 MB/sec per channel from the typical 40
MB/sec per channel.
Compared to typical 32-bit bus architectures,
eXtremeRAID's 64-bit PCI bus effectively doubles the data
bandwidth path between the RAID controller and the PC
server. The 64-bit PCI bus supports burst rates up to 266
MB/sec. Traditional 32-bit PCI buses only support burst
data transfer rates up to 133 MB/sec.
Pricing, Availability and Specifications
eXtremeRAID is available in two and three channel
configurations with MSRP pricing starting at $1,895. In
addition to being available from the server vendors
mentioned in this release, eXtremeRAID can also be
purchased though Mylex's worldwide channel network,
which includes distributors, resellers and systems integrators.
eXtremeRAID supports multiple operating systems, including
Windows NT, Linux (through third parties), NetWare and
SCO Unix/UnixWare.
Windows NT Magazine Chooses Mylex
eXtremeRAID 1100 as Editor's Favorite in
the Hardware Category
Contributing Editor Chooses
eXtremeRAID(TM) 1100 for Superior
Performance and Robust Features
FREMONT, Calif.--(BUSINESS WIRE)--May 17, 1999 Mylex
Corporation, the world's leading vendor of RAID controllers in
the non-captive systems marketplace, today announced that
its eXtremeRAID(TM) 1100 controller has been recognized as
an Editor's Favorite in the hardware category. The
eXtremeRAID 1100, chosen by contributing editor Sean Daily,
will be featured in the Editor's Favorites issue, which will be
available on newsstands May 15.
"Mylex has always produced top-notch products," said Sean
Daily, contributing editor for Windows NT Magazine, "but
eXtremeRAID 1100 places Mylex above the competition in
features, performance and bang for the buck."
"We are honored that Windows NT Magazine has
acknowledged eXtremeRAID 1100 as an Editor's Favorite,"
said Eric Herzog, vice president of marketing for Mylex.
"Mylex's eXtremeRAID 1100 is more than just a RAID
controller - it's a strategic technology that enables the
creation of truly scalable enterprise-class servers."
eXtremeRAID 1100 Delivers Record-Setting Performance for
Enterprise-Class Servers
eXtremeRAID 1100 achieves its award-winning performance
by integrating several advanced technologies, such as Mylex
firmware, a 233 MHz Intel (Nasdaq: INTC) StrongARM
on-board RISC processor, and a 64-bit PCI bus and multiple
Ultra2 SCSI LVD buses. The controller delivers performance
greater than 8,000 I/Os per second as compared to the 2,500
I/Os per second typical of many other mid-range and
high-end controllers.
Mylex eXtremeRAID 1100 Helps Acer Break New TPC-C
Price/Performance World Record for Enterprise-Class
Server
RAID Controller Boosts Performance of AcerAltos 21000
While Eliminating I/O Bottlenecks
FREMONT, Calif.--(BUSINESS WIRE)--June 25, 1999-- Mylex Corporation
(Nasdaq: MYLX - news), the world's leading vendor of RAID controllers in the non-captive systems marketplace, today announced that its eXtremeRAID(TM) 1100 controller has helped Unisys Corporation (NYSE: UIS - news) achieve a new transaction processing performance world-record for the Aquanta ES2085R server, an 8-way Intel based NT server.
TPC-C, which is a rigorous benchmark performed under supervision of the Transaction Processing Performance Council (http://www.tpc.org), provides an indication of real-world server performance in On-line Analytical Transaction Processing (OLTP) environments. The Aquanta ES2085R achieved 37,757.23 tpmC (transactions per minute) at a cost of $23.18 per transaction. Nine eXtremeRAID 1100 controllers were used to manage a total of 348 disk drives in the TPC-C-audited configuration.
''We tested numerous RAID controllers, and the Mylex eXtremeRAID 1100 helped our Intel 550-MHz Pentium III Xeon-based 8-way server achieve the highest possible performance,'' said Bill Maclean, vice president of Product and Program Management, Unisys Computer Systems. ''Our servers address high-end enterprise application server environments such as corporate data centers. Because storage systems typically represent a principal performance bottleneck in these data driven
environments, it was especially important for us to partner with a RAID controller vendor who could deliver on our strict requirements for performance, reliability and quality engineering.''
''We congratulate our valued OEM partner Unisys on setting a new world record. We are proud that eXtremeRAID 1100 contributed to this achievement,'' said Eric Herzog, vice president of marketing for Mylex. ''eXtremeRAID 1100 works seamlessly with the Aquanta ES 2085R Pentium III Xeon processor to maximize data throughput and eliminate what may otherwise be a common point of failure on the network.''
Compared to typical 32-bit bus architectures, eXtremeRAID 1100's 64-bit PCI bus effectively doubles the data bandwidth path between the RAID controller and the PC server. The 64-bit PCI bus supports burst rates up to 266 MB/sec. Traditional 32-bit PCI buses only support burst data transfer rates up to 133 MB/sec.
eXtremeRAID 1100 is the first 64-bit controller to be Microsoft Cluster Server (MSCS) certified for clustering, a method that improves network availability by connecting two servers to the same storage source. eXtremeRAID 1100's support for PCI Hot Plug also increases availability by allowing network administrators to replace controllers while the system is still up and running.
eXtremeRAID 1100 supports all major operating systems, including Windows NT, Linux (through third parties), NetWare, SCO UNIX, UnixWare and OS/2.
Specifications, Pricing and Availability
eXtremeRAID 1100 is available in two and three channel configurations with MSRP pricing starting at $1,395 for a two-channel configuration. eXtremeRAID 1100 can be purchased through Mylex's worldwide channel network, which includes distributors, resellers and systems integrators. eXtremeRAID 1100 is also available through Mylex's worldwide team of PC server OEM partners. For a complete list of
authorized Mylex distributors, visit mylex.com.
The Unisys Aquanta ES 2085R Server will be available September 30th, 1999. The Unisys TPC-C results can be found at
tpc.org
FREMONT, Calif.--(BUSINESS WIRE)--May 27, 1999-- Mylex Corp.
(Nasdaq:news), the world's leading vendor of RAID controllers in the non-captive systems marketplace, today announced that its eXtremeRAID(TM) 1100 controller has helped Acer Inc. achieve a new transaction processing performance world-record for the AcerAltos 21000 server, according to a recently completed TPC-C benchmark.
TPC-C is a rigorous benchmark conducted under supervision of the Transaction Process Performance Council (http://www.tpc.org) and provides an indication of real-world server performance in online transaction processing (OLTP) environments.
''Mylex's eXtremeRAID 1100 controller played a critical role in our breaking the world record,'' said Frank Sun, associate vice president, Acer Server Product Line Management, Branded Business Unit. ''We chose the controller because of its high performance and bottleneck-
prevention capabilities. Our customers with data-intensive
environments will see a huge improvement in overall data throughput.''
The AcerAltos 21000 server achieved a 23,235.57 tpmC (transactions per minute) rating at a cost of only $16.66/tpmC, establishing a new TPC-C world record for price/performance. These results further eXtremeRAID's track record of performance achievements. Windows NT Magazine named the controller an Editor's Favorite in their May 17 issue.
Xyratex Integrates Mylex Fibre
Channel Raid Controllers Into New
Line of External Storage Systems
Xyratex Addresses Fibre Channel
Requirements of Clustering and
Storage Area Network Environments
FREMONT, Calif.--(BUSINESS WIRE)--Jan. 12, 1999--
Mylex Corporation (Nasdaq: MYLX), the world's leading
RAID controller vendor in the non-captive network systems
marketplace, today announced that Xyratex, a leading server
storage systems vendor based in Havant, U.K., has signed
an OEM agreement for Mylex's Fibre Channel RAID
controller technology. Under the terms of the agreement,
Xyratex will integrate Mylex's DACFL and DACFF RAID
controllers into its new Salient™ family of external Fibre
Channel server storage systems.
''Mylex is the world's recognized leader in Fibre Channel
RAID controllers,'' said Matthew Cornell, Vice President of
the Xyratex Storage Systems Division. ''We evaluated
numerous controllers and determined that in this application
Mylex offered our customers the exceptional performance,
functionality, and manageability they have come to expect
from Xyratex.''
''Xyratex is a valued Mylex OEM partner, and we're pleased
they have chosen to incorporate our world-class Fibre
Channel technology,'' said Ron MacLeod, Mylex vice
president of sales in Europe, Africa and the Middle East.
''This partnership allows Xyratex to introduce a powerful
new family of high performance external storage systems
which are ideally suited for Storage Area Network (SAN)
and clustering environments.''
Mylex DACFL Ideal for Xyratex Customers Who are
Migrating to Fibre Channel
Xyratex's first fully integrated Fibre Channel RAID systems
will incorporate Mylex's DACFL, a RAID controller that
provides an Ultra2 SCSI LVD interface to the disk drives
and a Fibre Channel interface to the host server. The
controller's support of Fibre Channel and Ultra2 SCSI LVD
make it ideally suited for Xyratex customers in SCSI
environments who are migrating to Fibre Channel.
The DACFL's Fibre Channel interface enables higher
bandwidth over greater distances than SCSI, delivering data
transfer rates over 100 MB/sec across a 30 meter serial link.
The controller's Ultra2 SCSI LVD drive channel connectivity
provides data transfer rates of up to 80 MB/sec per channel
over a 12 meter parallel SCSI bus.
The DACFL supports up to 60 drives configured into as
many as eight LUNs, allowing over two terabytes of scalable
high performance capacity per controller.
DACFF Provides Xyratex End-to-End Fibre Channel
Connectivity and Performance
Xyratex will incorporate Mylex's new DACFF RAID
controller when the controller ships in the second quarter of
1999. The DACFF provides an end-to-end Fibre Channel
interface between the host computer and the disk drives, and
delivers almost four times the I/O performance of traditional
Ultra SCSI controllers.
The DACFF provides drive data transfer rates of up to 100
MB/sec per Fibre Channel loop. This relieves IT
professionals from slower and shorter drive channels,
enabling greater storage flexibility and performance. The
DACFF delivers up to 190 MB/sec performance for
sustained sequential RAID 5 reads and over 140 MB/sec
performance in sustained sequential RAID 5 writes.
The DACFF supports drive connectivity via four Fibre
Channel Loops. Each controller supports up to 500 drives,
or over 25 terabytes of scalable high-performance capacity
per controller. The DACFF will allow Xyratex customers to
deploy enterprise-class SANs supporting hundreds of
terabytes of centrally managed storage capacity.
Mylex Announces Support for Linux Across Entire
RAID Controller Product Line
Mylex Linux Support To Speed Corporate
Adoption of the Popular Operating System
FREMONT, Calif.--(BUSINESS WIRE)--March 1, 1999--In a move
expected to greatly accelerate corporate adoption of the popular
Linux operating system, Mylex Corporation today announced broad
support for Linux across its entire product line. Mylex is the world's leading RAID controller vendor in the non-captive network systems marketplace, and supplies eight of the top ten PC server vendors.
''RAID is an essential enabler of any mission critical computing
environment,'' said Suresh Panikar, director of product marketing at
Mylex. ''We've added Linux support to our entire product line based
on growing customer demand for Linux RAID solutions.''
Linux's popularity has recently burgeoned, due to its robust handling
of Web applications. Linux's popularity has been further fueled by the growing open source movement, where thousands of programmers
donate their expertise to extend the functionality of Linux and support its users.
''Mylex's decision to make their entire product line Linux compatible
should benefit Linux-friendly IS developers greatly,'' said Sandra
Steere Potter, senior analyst, Linux services at Aberdeen Group, Inc.
''With developers able to incorporate Mylex RAID support in their
Linux offerings, there will be increased interest at the enterprise level in evaluating Linux as a cost-effective alternative OS.''
The Linux operating system was created approximately eight years
ago by a maverick, Finnish programmer named Linus Torvalds. Linux
has become so popular that its installed based is beginning to rival
that of Microsoft's Windows NT. Research firm International Data
Corp. estimates the number of Linux users to be 12 million, which is
roughly half the market share of Windows NT.
The Linux driver for Mylex's RAID controllers was written by Leonard
N. Zubkoff, a highly respected member of the Linux development
community who is now the chief technical officer of Mountain View,
California-based VA Research, Inc.
''I am extremely pleased that Mylex is extending its official support to Linux,'' said Zubkoff. ''In creating the Linux driver for the Mylex RAID controllers, I have concentrated on providing the highest performance and most robust implementation possible. The eXtremeRAID
controllers bring enterprise class performance to high end Linux
systems.''
The driver is available for download from the author's Web site at
dandelion.com and will be in upcoming Linux
distribution releases. The Red Hat Linux installable CD with these
drivers will also be available from Mylex in March.
Mylex Offers Industry's Broadest Line of Linux RAID Controllers
Mylex offers the industry's most complete line of high-performance,
highly fault-tolerant Linux RAID solutions, with products ideally suited for high-performance desktops, entry-level servers, mid-range
servers, and enterprise-class super-servers. All Mylex products can
be remotely managed in enterprise environments with Mylex's GAM
RAID management software, which ships standard with all Mylex
products.
Mylex's product line includes low-cost, host-based internal RAID
adapters such as the AcceleRAID family and high-performance PCI
RAID controllers such as the DAC960SX, the DACSF, the DACFL and
the DACFF.
Mylex's product line provides support for all the latest disk drive
interface technologies, including Ultra SCSI, Ultra2 SCSI LVD and
Fibre Channel. In 1999, Mylex plans to add support for emerging
interface technologies such as Ultra3 SCSI/Ultra 160/m. |
