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Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (1480)	9/11/1999 11:11:00 AM
From: J Fieb	Respond to of 4808

Elmat., Yup. They could really use some FC Video SANs couldn't they... Since ADIC will be making some FC news next wk...... They are doing a secondary 5 million shares...... biz.yahoo.com REDMOND, Wash.--(BUSINESS WIRE)--Aug. 6, 1999--Advanced Digital Information Corporation (Nasdaq:ADIC - news) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 2,500,000 shares of Common Stock, all of which will be offered by the Company. The Company has also granted the Underwriters an option to purchase up to an additional 375,000 shares to cover over-allotments, if any. Upon the effectiveness of ADIC's previously announced stock split on August 12th, 1999, the number of shares included in the proposed offering will be 5,000,000 (5,750,000 including the Underwriter's over-allotment option). An underwriting group managed by Donaldson, Lufkin & Jenrette Securities Corporation, Hambrecht & Quist LLC, Bear, Stearns & Co. Inc. and Needham & Company, Inc. will offer the shares. Net proceeds from the offering will be used for repayment of indebtedness, working capital and general corporate purposes, as well as the possible acquisition of or investment in complementary business technologies. ADIC provides hardware and software data storage solutions to the open systems marketplace. With automated tape libraries installed in a wide variety of industries, as well as open systems software solutions and Storage Area Networking (SAN) products, ADIC is a global provider in the growing market to manage and protect information in computer networks. Marketed under ADIC and OEM partner brands, including Dell, Exabyte and Unisys,..... They own approximately 10% of CRDS.....IPOs in early OCT?? Is this a good FC play? Thanks for any help.....

To: elmatador who wrote (1480)	9/11/1999 12:13:00 PM
From: J Fieb	Read Replies (1) \| Respond to of 4808

Elm., Some FC mentions at IBC.......HDTV and FC? Saturday September 11, 1999 Storage solution for the new millennium Fibre channel storage manufacturer Storage Concepts (stand 7.601) is making space for next century's digital broadcasters with FibreRAID 2000, a system for applications requiring data rates of up to 200Mbytes per second. The system negates the need for users to purchase two separate RAID arrays to achieve storage capacities of up to 400Gbytes. Everything is contained in a 5-inch high, 19-inch wide rack mount chassis. FibreRAID 2000 also incorporates hot swappable disks and power supplies. Chris Cuthbert, managing director of European operations for Storage Concepts, says: "With the advent of the new HDTV standards, there is a real need for storage systems capable of accommodating the higher bandwidth requirements. FibreRAID 2000 will go a long way to satisfying the needs of most HDTV users. Support for full HDTV standard bandwidth is easily achieved by operating two FibreRAID 2000 arrays in parallel." The company has also expanded its line of real-time fibre channel storage products with the new SentryRAID which is designed for applications that require portable, removable disk storage for capturing real-time, high bandwidth, uninterruptible data at up to 85Mbytes per second. So when is the 2G spec gona be done?? Saturday September 11, 1999 Fibre channel bodies merge The Fibre Channel Association (FCA) and the Fibre Channel Community (FCC), both established to advance the technology and storage area network solutions, are to merge into the Fibre Channel Industry Association (FCIA). "We are confident that combining the two organisations into a more focused entity will further enhance the promotion and establishment of fibre channel technology within multiple industries," says Michael Fitzpatrick, chairman of the FCC's board of directors. "The merger ensures a unified approach to the education and implementation of fibre channel solutions worldwide." "The creation of the FCIA is a strategic move designed to provide a cohesive platform for driving the industry and promoting solutions," adds Dennis Talluto, chairman of the FCA board of directors. "The FCIA is now the industry's primary resource for information and expertise relating to these leading-edge technologies." According to FCA Europe's chairman, Paul Talbut, "We are in full agreement with the merger and see this event as a proactive step to develop a world class presence with a cohesive global vision and singular goal of promoting fibre channel solutions worldwide."