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Technology Stocks : EMC How high can it go?
EMC 29.050.0%Sep 15 5:00 PM EST

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To: SJS who wrote (3779)1/13/1999 12:31:00 PM
From: dreydoc  Read Replies (1) of 17183
 
Announced back in June 98:

DELL ENTERS NEW MARKET WITH INTRODUCTION
OF ENTERPRISE STORAGE PRODUCTS
New Storage Systems Underscore Dell's Expansion Into The Enterprise
and Drive High-End Features Into Mainstream Computing Market

ROUND ROCK, Texas, June 30, 1998 -- Dell Computer Corporation (Nasdaq: DELL) today marked its entrance into the enterprise storage market with the announcement of its new storage product line which is designed to drive high-end computing features into standard computing environments.

Dell will introduce all storage products under its new PowerVaultâ„¢ brand. Within the PowerVault family, Dell will offer a range of products for differing customer needs, including SCSI-based storage subsystems, tape backup systems, storage management software and enterprise-level, scalable disk subsystems. With initial customer shipments beginning next month, Dell today provided details of the new Dell PowerVault 650F product, which will be the highest performing system in the line and is based on Data General's proven CLARiiON® Fibre Channel RAID technology.

"Dell is launching the PowerVault storage line with the same intensity and customer-focus we gave our server business when we entered the market 20 months ago," said Mike Lambert, senior vice president of Dell's Enterprise Systems Group. "We expect to grow quickly and achieve in the storage market what we have done in the server market -- leverage our direct business model to bring superior value to customers by providing them with high-end technology at great prices
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