The Annual Meeting of Shareholders (the "Annual Meeting") of Advanced Digital Information Corporation, a Washington corporation ("ADIC" or the "Company"), will be held on Tuesday, February 13, 2001 at 5:00 p.m., local time, at the Willows Lodge at 14580 NE 145th St. Woodinville, Washington, for the following purposes:
1.To elect one director to hold office for a two-year term; and to elect two directors to hold office for three-year terms;
2.To consider and vote upon a proposal to amend the Advanced Digital Information Corporation 1999 Stock Incentive Compensation Plan to increase the number of shares available for issuance thereunder by 2,000,000 shares; and
10K and Proxy available
Tidbits from Form 10K ( hope the formatting works) We integrate third-party storage devices into our automated libraries. While a large majority of our libraries currently use tape drives and media, we also offer libraries using optical and other storage technologies. When operated in combination with third-party storage management software and our own software, our libraries provide a complete solution for systematically and cost-effectively automating data storage backup and archiving in open systems network computing environments. We design our products for a spectrum of storage needs. Our products vary by device technology, number of drives, and number of cartridges, with suggested retail prices typically ranging from approximately $1,800 to over $2.0 million. The following table summarizes our open systems storage hardware products.
Product Family Class
Capacity/Performance(1)
Suggested Retail Price Range(2)
Standalone tape drives 20-200 gigabytes $1,800-$9,200 FastStor™ libraries 280-1,760 gigabytes $4,800-$13,000 Scalar® 100 libraries 360-14,400 gigabytes $12,500-$80,000 Scalar® 1000 libraries 5,630-188,600 gigabytes $50,000-$200,000 Large libraries 300-10,368,000 gigabytes $150,000-$2,000,000 FCR™ Fibre Channel routers 1 gigabit per second $4,700-$8,300
(1)Capacity and performance of our storage library products vary by type of drives, quantity of drives and unit configuration.
(2)Prices represent typical installations |