Revenue High As Exabyte Prepares To Revamp 07/15/97
HONG KONG, CHINA, 1997 JUL 15 (NB) -- By Mahlon Campbell, IT Daily. Exabyte
[NASDAQ:EXBT], an independent maker of tape storage devices, which made
close to US$100 million in Q2 97, the company's highest revenue in the past
10 quarters, has announced a major revamping of its business.
The company is aiming to sharpen its focus for key products and markets. As
part of the reorganization in Asia, Exabyte has established a new sales
center in Shanghai and service depots in Singapore and Sydney, Australia.
According to company president and CEO William Marriner, 10 percent of
Exabyte Q2 revenues came out of the Asia market. "This is the fastest
growing market for us, and with the new reorganization in place, we expect
that to increase significantly by year 2000," Marriner said.
Under the new structure, Exabyte has set up four new divisions. The company
has also announced new products to address increasing competition in the
backup storage market. |
