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Technology Stocks : Network Appliance

NTAP 109.43

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Nov 14 3:59 PM EST

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To: DownSouth who wrote (715)	3/2/1999 11:41:00 PM
From: Beltropolis Boy	Read Replies (1) of 10934

>If you find anymore detail let me know. Who wrote that article you posted? It was real sketchy. DS. it was simply a reuters recap of quantum's press release. i've culled out the guts below. speaking of sketchy (details), you can catch the replay and transcript of quantum's CEO michael brown on squawk: mktnews.nasdaq.com\\www\nasdaq\news\msnbc\1999\3\2\NASDAQ_0940_19072.htm&usymbol=QNTM&logo=True&companyname=Quantum+Corporation hope this helps, -chris. ----- Storage Systems Strategy The strategy Quantum is announcing today will accelerate its diversification process with several new initiatives in the storage systems business. First, Quantum plans to extend its automated tape library business further into enterprise-level storage area network applications, and offer the industry's first flexible combinations of disk and tape storage within a single system. Second, Quantum is preparing to enter the rapidly emerging market for storage appliances later this year. This new class of product is aimed at the workgroup level, and promises greatly improved ease-of-use and flexibility for end-users implementing storage solutions. Third, Quantum is developing system software to provide intelligence in future storage systems and storage devices. Activities in this area have enabled the company to take an early lead in demonstrating self-configuring disk drive appliances within the Jini(tm) network architecture being developed by Sun Microsystems. Chairman and CEO Michael A. Brown said that the storage systems strategy will allow Quantum to build on the industry's broadest range of storage devices and begin offering systems- and solutions-level storage products and services. In doing this, he said, the company expects to strengthen its position within the storage industry value chain." quantum.com

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