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Insignia Announces Java Beta Test at Quantum
Board Member Resigns to Avoid Possible Conflict of Interest
SAN JOSE, Calif., Jan. 12 /PRNewswire/ -- Insignia Solutions® (Nasdaq: INSGY - news), a leading provider of virtual machine technology, today announced that Quantum Corporation (Nasdaq: QNTM - news) has been one of the early beta testers evaluating JENE™, Insignia's implementation of Java™ for embedded systems. To avoid any potential conflict of interest, Dr. Paul L. Borrill, an executive with Quantum, has announced his resignation from Insignia's board of directors, effective January 8, 1999.
''Paul felt it would be best to resign from Insignia's board of directors to avoid any possible conflict of interest between his employment with Quantum and his board position with us,'' said Richard Noling, President and Chief Executive Officer of Insignia Solutions. ''I obviously have mixed feelings about this news. Paul is one of the most dynamic individuals in the industry today and we will sorely miss having his expertise on our board. However, we agreed it would be best to ensure there is no future possibility of a conflict for Paul in his role as an executive with Quantum and JENE beta tester. Validation by our beta testers is critical, both to Insignia and the embedded systems industry as a whole. JENE and its Embedded Virtual Machine™ are poised to make a major impact on the embedded systems market.''
With more than ten years developing and marketing virtual machines, Insignia has implemented a strategy that brings the full power of the Internet to a wide variety of customers through its superior implementation of Java for embedded devices. In recent weeks, Insignia has signed developers of embedded devices ranging from networking equipment, Personal Digital Assistants (PDAs), mass storage systems, and color printers to its beta test program, including Quantum Corporation. Founded in 1980, Milpitas, Calif.-based Quantum Corporation is the only storage company that has developed leadership positions in both fixed and removable storage products. One of the highest volume global suppliers of hard disk drives and the leader in the mid-range tape market, Quantum is widely recognized as the industry's quality leader. The company sells a broad range of storage products to OEM and distribution customers worldwide and in fiscal 1998 had revenues of approximately $5.8 billion.
Mass storage systems, and related applications, are managing increasingly larger amounts of critical information. Manufacturers of mass storage systems may find that JENE can increase the dynamic capabilities of mass storage systems so they can balance the use of networking bandwidth and local processing of storage device services. |