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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: George Dawson who wrote (23471)	7/22/1999 1:36:00 PM
From: The Freep	Read Replies (1) \| Respond to of 29386

From MTI's earnings PR (re: FC): Business Trends "We are very pleased with our first quarter results, particularly with initial sales and customer acceptance of our new flagship RAID array, the Gladiator 6700," said Earl Pearlman, MTI president and chief executive officer. "From a revenue standpoint, the 6700 was the most successful RAID product launch in the Company's history. The positive impact extends beyond overall revenue and margin, as this product substantially extends the Company's ability to take advantage of the growing fibre channel storage market. During the first quarter the mix of fibre channel-based revenue increased to over 36% of total product revenue and to over 50% in terms of core product revenue. "As the second quarter and the remainder of the year progresses, we plan to continue to evolve the Gladiator 6700 line, including the addition of faster processors, switch fabric support, and NFS support. Beginning in the second quarter the Company will introduce what it calls 'super models'. Each super model is a pre-configured information server centered around a Gladiator 6700 combined with the Company's fibre channel networking technology providing a complete SAN storage infrastructure that can be connected to various application servers. "In addition, during the first quarter the Company began shipments of its first RAID application software products, DataSentry and DataShield. "We are also very excited about the progress we are making on our next-generation product, the Gladiator 8700. Development and testing is well underway and the product is anticipated to ship near the end of this fiscal year.