Legacy Storage Systems Inter. Inc-VAST 1500 Gig Message Board

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Technology Stocks : Legacy Storage Systems Inter. Inc-VAST 1500 Gig

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To: Frederic Borgatta who wrote (31)	10/2/1996 7:19:00 PM
From: Jean Sutherland	of 64

News release, Oct.2/96 NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: LEGACY STORAGE SYSTEMS INTERNATIONAL INC. TSE SYMBOL: LEG OCTOBER 2, 1996 Legacy Update MARKHAM, ONTARIO--Legacy Storage Systems International Inc. announced today that management is reviewing its options for the VAST network storage server business. One alternative being considered is the sale of the business unit. "The level of market acceptance was not such that the company could project the volumes necessary to sustain a viable business unit within the Legacy structure" says David Killins, Chairman and CEO of Legacy. "VAST is more suitable for systems integrators who service the narrower markets for which VAST is suitable". Legacy Storage Systems International Inc. is an international technology developer and data storage manufacturer providing a broad range of network peripherals and appliances to a worldwide market. Anyone care to comment on this? Jean (who didn't make the meeting :( )

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