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Technology Stocks : Veritas (VRTS)
VRTS 162.77-0.9%Dec 31 3:59 PM EST

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To: S. Mahl who wrote (142)2/22/1998 5:37:00 AM
From: Thomas Leavitt  Read Replies (1) of 742
 
Plain English:

Veritas cut a deal with a company that sells tape libraries
to package an NT based, limited functionality version of their backup
software (probably what used to be OpenVision - first fruits
of the merger?) with the device when it is sold.

Most likely, in hopes that sysadmins, when exposed to the software's
functionality, will bring the full function, higher priced version
into their office, replacing whatever homegrown or other vendor's
software that currently manages backups.

Tape libraries are machines that pack large numbers of tapes used
for backing up data, into a single, manageable device. Companies
with large amounts of data, or large networks, use them to centralize
backup for ease and speed of administration and reliability.

By cutting this deal, Veritas gets first crack at however many
customers this company can get to buy their machines... now, I
haven't heard of the company, so I have no idea how significant
this is... my guess is that it is a pretty trivial deal, not likely
to make a significant impact one way or another... just routine
business as usual. If they weren't doing a few of these deals
every year, that would be something to be concerned about.

Thomas
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