VIXL, does anyone have any thoughts on this one?
No position in it yet.
By the time I got a hold of it; it had already popped. I couldn't decide if I wanted to short it or not. It traded up in after hours just because the CEO was on CNBC.
It could be a good short candidate if it gaps up tomorrow.
Cheers
RG
Tuesday May 2, 8:04 am Eastern Time
Company Press Release
Lucent Technologies to Use Technology from Vixel To Drive New Storage
Applications
BOTHELL, Wash.--(BUSINESS WIRE)--May 2, 2000--Vixel Corporation (Nasdaq:VIXL - news) today announced that Lucent
Technologies (NYSE:LU - news) will integrate Vixel's Fibre Channel switching technology into its OptiStar(TM) product line.
Vixel's technology will help Lucent develop solutions that interconnect Storage Area Networks (SANs) over high performance, IP-based Wide Area Networks (WANs).
Enterprises and service providers (Internet, application and storage) require ultra high-speed interfaces to efficiently transport the information stored in today's server farms.
Connecting islands of SANs over IP-based WANs increases the flexibility and capabilities of the storage infrastructure to meet the needs of today's e-commerce applications. With
a high-speed SAN-to-SAN connection, enterprises will benefit from new types of SAN applications, such as disaster recovery, remote backup, dynamic data replication, as well
as enterprise server and storage consolidation.
``By integrating Vixel's Fibre Channel switching technology directly into our WAN access solutions, Lucent can help eliminate the bandwidth bottleneck created by traditional
routed architectures, and extend the SAN beyond the campus and into the high-speed optical WAN network,'' said Tim Sullivan, vice president & general manager of Lucent's
Optical Area Networking group.
``As SANs increase in both size and complexity, connecting SANs over IP-based WANs is the next evolution of the storage infrastructure,'' said Jim McCluney, president and
CEO, Vixel Corporation. ``Our work with Lucent will enable enterprises to deploy SANs that are highly available and scalable and will accelerate the delivery of innovative storage
solutions to meet the intense storage requirements of today's service providers.''
Except for historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties that may cause actual results to
differ materially from the results discussed in the forward-looking statements. Factors that may cause such a difference include risks affecting Vixel's ability to meet its quality and
performance standards, development of the storage area network, or SAN market, the competitiveness and performance of Vixel's products in the rapidly changing SAN market
and the ability of Vixel to meet evolving product standards required by customers and others involved in the distribution channel for SAN products. Further information on the
factors and risks that could affect Vixel's business, financial condition and results of operations, are contained in Vixel's Annual Report on Form 10-K, which is available at
www.sec.gov.
About Lucent Technologies
Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and delivers the systems, software, silicon and services for next-generation communications networks
for service providers and enterprises. Backed by the research and development of Bell Labs, Lucent focuses on high-growth areas such as optical and wireless networks; Internet
infrastructure; communications software; communications semiconductors and optoelectronics; Web-based enterprise solutions that link private and public networks; and
professional network design and consulting services. For more information on Lucent Technologies, visit its Web site at lucent.com.
About Vixel Corporation
Vixel Corporation is a leading provider of Storage Area Network (SAN) solutions. The company's comprehensive product portfolio of switches, hubs and transceivers with an
integrated management software application delivers a reliable, interoperable solution to its customers and partners. SAN InSite is Vixel's comprehensive management software for
SANs, providing remote control and diagnostics for Fibre Channel switches, hubs and transceivers from a single console, reducing the administration and overhead of
implementing a SAN. Established in 1991, the company continues to develop innovative Fibre Channel products to optimize the deployment, performance and management of
SAN solutions. Vixel products are available through its network of value-added resellers, alliances and OEMs. Vixel is an ISO 9001 certified company.
For more information, visit Vixel's web site at www.vixel.com. Vixel Corporation is headquartered at 11911 North Creek Parkway South, Bothell, Washington 98011 and can be
contacted by phone at 425/806-5509 or e-mail at marketing@vixel.com.
Contact:
Vixel Corporation
Christine Goetz, 425/806-4511
cgoetz@vixel.com
or
Imagio Technology Public Relations
Sean Baze, 206/625-0252
seanb@imagio.com
or
Lucent Technologies
Frank Briamonte, 908/559-5692
fbriamonte@lucent.com |
