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Technology Stocks : Son of SAN - Storage Networking Technologies

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To: J Fieb who wrote (3353)	6/1/2001 3:00:55 AM
From: Gus	Read Replies (1) of 4808

It looks like Fujitsu beat Hitachi to DataCore. When Amdahl (Fujitsu) pulled out of the mainframe market last year, it promptly declared a two year period of renewal or turnaround. Time will tell if DataCore will end up like another Florida-based storage software company, Encore Computer. Fujitsu, DataCore Establish Storage Agreement Wednesday, May 30, 2001 Fujitsu Softek and DataCore Software are pooling their resources to help global businesses meet their exploding software storage requirements through the introduction of Fujitsu Softek's new storage networking and virtualization product. Fujitsu Softek is targeting the $16.7 billion global storage management market, which is forecasted to grow at a compounded annual growth rate of 26.1 percent through 2005, according to Dataquest. Under terms of the arrangement, DataCore will act as the OEM to Fujitsu Softek which will brand the new storage solution “Softek Storage Virtualization.” The new solution, which will include a series of newly developed application modules, will be based on DataCore's leading storage networking and virtualization technology. "The joint venture with DataCore enables us to immediately provide a vendor-independent storage provisioning solution to our customers who are struggling with the complexity of having to manage critical application availability needs while cost effectively managing an expanded storage infrastructure. This solution allows customers to achieve higher utilization of existing resources by speeding the provisioning of their SAN storage on demand," said Steven F.X. Murphy, president and CEO of Fujitsu Softek, in a statement. "It simplifies the provisioning of storage resources by removing the legacy boundaries of direct connections between storage hardware and servers." For more information, visit softek.fujitsu.com (new window) or www.datacore.com (new window). midrangesystems.com

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