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Technology Stocks : Tricord Systems (TRCD)

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To: jcmoore who wrote (656)	1/4/1999 12:04:00 PM
From: Neil S	Read Replies (2) of 773

Tricord reflects SAN optimism zdnet.com An investment team led by former Compaq CEO Rod Canion last week invested $3 million in Tricord Systems, another sign of the industry's faith in storage area networking. Tricord, once a server hardware company, now exclusively develops storage management software for Windows NT platforms. The company uses a distributed file system to spread files across a disk array to create a data pool. The product is due next year. Under the terms of the agreement, the investors will receive 3 million shares of restricted common stock at $1 per share. In addition, several former Compaq employees are taking management positions at Tricord. Canion, however, has no apparent plans to join the company.

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