wj., Re; ! Boy, do we have a lot to be thankful for!
True, Now does 24ever refer to Thanksgiving too?
And another FC dot or two that could impact ANCR and the market share data.
Come'on ANCR shift the SAN. Shift the SAN. (PJ- came up with a nice term)
Good for ANCR or good for BRCD?
Wednesday November 24, 6:48 am Eastern Time
Company Press Release
Fujitsu-Siemens and ADIC Agree to Expand Strategic Relationship
Tape Library OEM Agreement, Joint Development Included
REDMOND, Wash.--(BUSINESS WIRE)--Nov. 24, 1999--Advanced Digital Information Corporation (Nasdaq:ADIC - news) and Fujitsu-Siemens Corporation Computers (FSC) today announced that the companies have reached an agreement in principle to formalize an expanded strategic relationship that will include a broad range of storage management products for mainframe and open computer systems.
The scope of the agreement includes hardware OEM relationships, cooperative sales and distribution and joint development.
Fujitsu-Siemens Computers BV (FSC) selected ADIC to supply a range of automated storage products based on ADIC tape library platforms incorporating Linear Tape-Open (LTO) and Digital Linear Tape (DLT) tape technology. The companies also have agreed to establish a joint development and distribution plan for FSC's new CentricStor Virtual Tape Library product.
``We are pleased to have the opportunity to expand our existing relationship with Fujitsu-Siemens by working with them on this program,' commented Michel Grosbost, President of ADIC Europe. ``ADIC currently provides FSC with data center-class libraries, as well as supporting FSC storage products with our AMASS storage management software. Their new CentricStor product, which promises to provide important advances for data center tape storage, will be a welcome addition to the ADIC product offering.'
According to Dr. Helmut Beck, Vice President of Storage at Fujitsu-Siemens Computers, ``ADIC's broad range of storage automation platforms and its experience in incorporating different drive technologies makes it an obvious choice for this program. We are enthusiastic about working more closely with ADIC to incorporate their new products into our enterprise storage solutions to help safe guard our customer's vital asset: their information base. Cost efficient, SAN based automated backup and long-term archiving are tasks that can take optimal advantage of ADIC's products.'
The companies noted that they have reached a broad agreement in principle; individual supplier and development agreements remain subject to separate negotiation and approval.
About Fujitsu-Siemens Computers
Fujitsu-Siemens Computers is a leading provider of world-class hardware and software technology in computers, telecommunications and microelectronics, providing comprehensive information technology and network solutions for the global marketplace. The Company represents a European joint venture between Fujitsu Limited and Siemens AG. The combined size of the operations places Fujitsu-Siemens Computers within the top three revenue positions in the European computer market, comprising PCs, Intel based and UNIX servers, and mainframes, and in the number two position in terms of market shipments.
Fujitsu-Siemens Computers' FY2000 revenues are expected to exceed 7.6 billion Euros, with unit volumes projected to include approximately 4.8 million PCs, 180,000 Intel architecture servers and 5,000 enterprise-level UNIX servers. Fujitsu-Siemens Computers will offer a comprehensive product range, from ultra-light, state-of-the-art notebooks through to mission-critical enterprise server, mainframe systems and storage solutions. By combining their resources, Fujitsu and Siemens are able to supply customers and channel partners with the most competitive offerings in terms of technology, time-to-market and price/performance. The new venture also promises customers and business collaborators to be a strong partner for future growth, with all the benefits that come with from working with one of the largest enterprises in the world.
About ADIC
With more than 50,000 automated tape libraries installed and a suite of innovative software solutions and Storage Area Networking (SAN) products, ADIC is a leading global provider in the growing market to manage and protect information for computer networks. Marketed under ADIC and ADIC/GRAU brands and the brands of OEM partners, including Dell, Exabyte and Unisys, automated tape libraries are available with DLTtape, AIT, D2, half-inch, and 4mm tape technologies, and are supported by leading backup and storage management software products for Windows NT, UNIX, and mainframe operating systems. The Company's own storage management tools include AMASS©, FileServ and CentraVision, software products which provide users with shared access to network data. A pioneer in Storage Area Networks, ADIC's Open SAN solutions combine open-system SAN hardware and software with installation services and single-call support. Further ADIC information is available at www.adic.com.
CentricStor is a trademark of Fujitsu-Siemens Computers BV. ADADIC, AMASS, FileServ and CentraVision are trademarks of Advanced Digital Information Corporation. All other product, trademark, company, or service names mentioned herein are the property of their respective owners.
This release contains forward-looking statements relating to the Company's existing and future products and services and future operating results. These include the anticipation that ADIC and FSC will enter into definitive agreements based on the agreement in principle that has been reached between the two companies. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. There can be no assurance that ADIC and FSC will enter into definitive agreements. The words ``believe', ``expect', ``intend', ``anticipate', variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include general economic trends, year 2000 issues, technical competition or obsolescence, supply constraints, changes in market pricing and production problems. Reference is made to the Company's Registration Statement on Form S-3 filed with the SEC on August 6, 1999 for a more detailed description of such factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
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