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Technology Stocks : Storage Technology- STK -- Ignore unavailable to you. Want to Upgrade?

To: Dorine Essey who wrote (549)	12/19/1999 9:20:00 AM
From: buckhead26	Read Replies (2) \| Respond to of 560

I cut and pasted the section to below since I expect that won't stay available for historical reference. Interesting Dorine. buckhead26 From Daily Camera.com (colorad0)TECHNOLOGY Dell's tapping of IBM exec could mean news for STK It's only speculation, but a Wall Street analyst thinks Dell Computer's hiring of an IBM executive might contribute to Dell buying Storage Technology Corp. M. John Demirjian, an analyst with Bishop, Rosen & Co. in New York, wrote in a memorandum to clients this week that one of James Vanderslice's primary agendas at Dell might be to evaluate Dell's data storage strategy. Vanderslice, vice president of IBM's Technology Group and architect of many of Big Blue's OEM deals with data storage companies, announced this week his departure for Dell. "By definition, Dell has a 'hole' in not having their own developed storage system facilities," Demirjian wrote. "One could speculate that Vanderslice's agenda at Dell may be to evaluate the economic merits for Dell to have their own storage capability. The capital investment and time to develop the capability would be in billions of dollars and take several years. The more expeditious course could be to buy STK." Troubled by sagging financial performance, Louisville-based StorageTek is in the midst of a restructuring aimed at cutting expenses and considering options such as a sale of parts or all of the company