Welcome to ADIC. Thanks for the info. The more we have to look at and talk about the better.
From this old post, a year or so ago ADIC had 40K units in the field. Today the number is 60K. I?m pretty happy with the growth, but not the stock price. This will correct itself in time. Short term, it may trend lower.
Message 11841508
April 26th, 1999 PR
About ADIC
With more than 40,000 automated tape libraries installed as well as a suite of innovative software solutions and Storage Area Networking (SAN) products
>2.0 months for +5,000 tape libraries increase<
ADIC had a recent PR where they touted a requirement to expand the manufacturing space. They have also increased the OEM/partners business nicely (as a % of total sales). New technology is about to hit the streets with the award nominated Scalar 100:
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......The Awards, scheduled to be presented in June, are given to the year's most innovative products as judged by a panel of industry experts. The Scalar 100 is the first automated tape storage system with an architecture designed to support Fibre Channel Storage Area Network (SAN) and Network Attach Storage (NAS) connectivity, along with more conventional SCSI connection options. The new library, designed to support a choice of media types, also offers the highest storage density among tape libraries.
"ADIC is honored to have the IT industry recognize the Scalar 100 as one of the year's most innovative automated storage platforms," said Bill Britts, ADIC(R) executive vice president of Sales and Marketing. "New and flexible approaches are required if storage systems are going to continue to meet the rapidly evolving needs of enterprise IT departments and the new demands generated by proliferating Internet data centers. We built the Scalar 100 with all these requirements in mind. We support emerging drive
technologies for the highest levels of capacity and performance. We supply dynamic connectivity -- the ability to fit easily into a wide range of network architectures -- for flexibility. We provide fault tolerance to maintain high availability for critical data. And we provide industry leading storage density."
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... March 23, 2000--Advanced Digital Information Corporation announced today that it will nearly double the size of its Redmond Washington facilities with the signing of a lease to add a 78,000-sq. ft. building to its current operation.
The new facility will provide for increased manufacturing capacity, additional office space, and expanded test and systems engineering labs. Occupancy of the new building is expected to take place this summer, just over two years after ADIC(R) moved into its current Redmond headquarters.
Company officials noted that new space is needed to support the new products and customers that are fueling ADIC's growth. ADIC has sustained a compound annual growth rate in excess of 50% since 1995. Today, the Company is the industry's largest drive-independent supplier of automated tape libraries, which it markets under the ADIC brand as well as through OEM partners. During the last year, new OEM agreements with IBM, Fujitsu Siemens and Tandberg Data were added to existing relationships with Dell, Unisys, and Exabyte
Jim |
