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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: swisstrader who wrote (23164)	11/4/1999 10:31:00 AM
From: ErnestPoe	Read Replies (1) \| Respond to of 108040

WIZZF ZOOM!

To: swisstrader who wrote (23164)	11/4/1999 10:32:00 AM
From: Frederick Langford	Read Replies (2) \| Respond to of 108040

CMNT Interesting news I'm in Wednesday November 3, 3:25 pm Eastern Time Company Press Release SOURCE: Computer Network Technology CNT and StorageTek Announce Agreement for StorageTek to Integrate CNT Networking Equipment Into SAN Solutions CNT to Assume Responsibility for StorageTek's Channel Extension Products MINNEAPOLIS and LOUISVILLE, Colo., Nov. 3 /PRNewswire/ -- Computer Network Technology (CNT®) (Nasdaq: CMNT - news) and StorageTek(TM) (Storage Technology Corp.) (NYSE: STK - news) today announced a three-year agreement in which StorageTek will resell CNT's UltraNet® wide-area networking products, and will transfer manufacturing and continuation engineering for StorageTek DXE/RDS Channel Extension product line to CNT. ''StorageTek and CNT have pioneered and led the Channel Extension Networking market for over ten years. Adding the CNT UltraNet product line to StorageTek's existing offerings means that our customers have a complete portfolio of SAN and Channel Networking products now and in the future,'' said Joan Wrabetz, Vice President and General Manager of StorageTek's Storage Networking Business Group. ''StorageTek will continue to focus on its core competencies in storage and Storage Area Networking (SAN) products and continues to offer best-in-class wide-area networking infrastructure solutions.'' ''This relationship with StorageTek continues our strategy to partner with leading storage vendors to implement enterprise storage networking solutions for today's information-intensive market. By providing StorageTek's extensive customer base with products and engineering continuity, we furnish a growth path for wide-area networking solutions via CNT's UltraNet product family,'' said Thomas G. Hudson, chairman, president and chief executive officer of CNT. ''CNT has been providing networking equipment for 15 years, and continues to focus on extending the wide-area capabilities of new technologies such as Fibre Channel. By partnering with vendors such as StorageTek, we can provide these vital networking components to keep the network running at all times and extend a SAN, or any kind of network, to wherever it needs to reach.'' Under this agreement, CNT will take over the manufacturing and continuation engineering of the StorageTek DXE/RDS product line. StorageTek will continue to offer these products and service to its customers. StorageTek is also committing itself to insuring that customers continue to be provided with the strongest technical support for the DXE/RDS products. CNT's technical expertise in the channel extension business and ongoing investment in SAN technologies makes them the ideal organization for the migration of these products. Both companies have agreed to work together to develop common software applications across both channel networking product lines. The CNT UltraNet Family CNT has leveraged its high-speed and wide-area networking expertise to provide superior networking infrastructure solutions for SAN environments. Its UltraNet solutions enable companies to create a SAN that moves and shares data between diverse systems components. Notably, the UltraNet Open Systems Gateway is the first SAN solution to support Fibre Channel over wide area networks. It is part of the UltraNet family of products that includes directors, gateways, switches, and multiplexers, all designed to allow data movement and sharing between disparate systems. UltraNet processor performance and advanced network management features, such as data compression, alternate pathing, and load balancing, maintain application response over unlimited distances and reduce the incidence of service disruption. About StorageTek StorageTek is the preeminent provider of network storage. The company's strategy is to provide ''Open, Intelligent and Integrated''(TM) solutions that combine storage products, storage management software and storage services. StorageTek solutions help customers collect, move, store, share and protect all types of digital content on platforms ranging from laptops to enterprise servers. The company, with headquarters in Louisville, Colo., reported revenue of $2.3 billion in 1998. Information on StorageTek is available on the World Wide Web at storagetek.com or phone 800-786-7835. About Computer Network Technology (CNT) Computer Network Technology, based in Minneapolis, Minn., is a global company providing hardware, software and services for the implementation of Storage Area Networking and Enterprise Application Integration solutions. Organizations worldwide choose CNT to build and run their business-critical networks and gain greater connectivity and access to information, without sacrificing performance, security, or integrity. The Company's products are sold worldwide through a direct sales force and a network of authorized distributors. For more information, visit CNT's web site at cnt.com or call 800-638-8324 (U.S.) or 612-797-6000 (International). SOURCE: Computer Network Technology -------------------------------------------------------------------------------- More Quotes and News: Computer Network Technology (NasdaqNM:CMNT - news) Storage Technology Corp (NYSE:STK - news) Related News Categories: computer hardware, computers, networking --------------------------------------------------------------------------------