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Technology Stocks : LEGATO SYSTEMS LGTO

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To: accountant who wrote (1124)3/20/2001 9:01:15 PM
From: accountant  Read Replies (1) of 1138
 
This is a part of the article about sunw and storage

Friday March 16 8:59 PM ET
Sun Micro Sees New Role As Storage Company
By Peter Henderson

SAN FRANCISCO (Reuters) - Sun Microsystems Inc.
facing slowing growth in its core server market, is turning itself into a data storage shop, a senior executive said on Friday, confronting skepticism that the network computer maker could successfully shift into a new area.

Much of the value, and profits, in storage has moved to software which manages these information beasts, and Sun appears to be heading for the throat of top storage software vendor Veritas Software Corp.

``Sun's been trying to engineer Veritas out,'' Gary Bloom, chief executive at Veritas said at an investment conference recently.

In particular, Sun has bought two data management software companies in the last half year, LSC Inc. and HighGround Systems, Inc., although Bloom said they were not enough: ``I just don't think it is going to help them.''

Hopefully this will help LGTO!
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