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Technology Stocks : Son of SAN - Storage Networking Technologies

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To: Douglas Nordgren who wrote (1144)	3/31/1999 6:22:00 PM
From: Douglas Nordgren	Read Replies (1) of 4808

Tech Data Establishes SAN Business Unit biz.yahoo.com Distributor First In The Channel To Offer Value-Added Resellers Dedicated Support Focused On This Rapidly Emerging Enterprise And Workgroup Platform CLEARWATER, Fla., March 31 /PRNewswire/ -- Tech Data Corp. (Nasdaq: TECD - news) today announced it has created the first channel business development unit dedicated to the rapidly emerging segment known as Storage Area Networks (SANs). In addition to an expanded SAN product set, Tech Data will provide resellers with advanced technical support, educational services and marketing resources for resellers requiring enterprise- and workgroup-level storage solutions. Independent market research firm International Data Corp. (IDC) estimates SANs will generate revenues of approximately $11.4 billion by 2002 and represent roughly 37 percent of all external server storage units sold during this period. ''With the growth of storage-intensive requirements such as data warehousing, data mining and Internet browsing, companies are turning to resellers for assistance in building their next generation of information management solutions,'' said Roy Appelbaum, vice president of product marketing for Tech Data's networking division. ''Tech Data's increased focus on SAN products and services will provide resellers with the added support needed to increase their sales within this market, while helping them to identify incremental opportunities.'' Tech Data's new Storage Area Networks business unit, led by Marketing Manager Allison Porter, features more than 30 of the industry's leading storage manufacturers with products ranging from Disc/RAID and tape technologies to CD/optical and connectivity solutions. ''The multiple protocol support of storage area networks is fueling the growth,'' Porter said. ''This inherent flexibility allows the SAN infrastructure to act as both a server interconnect and as a direct interface to storage devices.'' Tech Data Soars 20.5% on Positive Earnings Surprise cbs.marketwatch.com

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