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Technology Stocks : Crossroads - CRDS -- Ignore unavailable to you. Want to Upgrade?

To: straight life who wrote (126)	4/3/2000 9:54:00 AM
From: straight life	Read Replies (1) \| Respond to of 164

Crossroads Systems Files Patent Infringement Lawsuit Against Chaparral Network Storage AUSTIN, Texas--(BUSINESS WIRE)--April 3, 2000--Crossroads Systems Inc. (Nasdaq:CRDS - news), the leading developer and manufacturer of storage routers for use in Fibre Channel Storage Area Networks (SANs), today announced that it has filed a lawsuit in the United States District Court for the Western District of Texas (Austin Division) against Chaparral Network Storage Inc. The suit, filed March 31, 2000, alleges patent infringement by Chaparral Network Storage Inc. The complaint alleges that certain of Chaparral's router products infringe upon Crossroads' issued patent. Crossroads is seeking injunctive relief as well as damages. ``Crossroads is a company that is dedicated to innovation and protecting its intellectual property, its employees and its stockholders. We have invested heavily in technology research and development,' said Brian R. Smith, Crossroads' chief executive officer. ``We will defend our legitimate right afforded to us as holders of those patents.' About Crossroads Systems Inc. Headquartered in Austin, Texas, Crossroads Systems (Nasdaq:CRDS - news), is the leading provider of enterprise data center routing solutions for open system Storage Area Networks including S/390 connections. Crossroads' solutions enable key Internet, Intranet and e-commerce applications. By using Crossroads, customers can more effectively and efficiently store, manage and ensure the integrity and availability of data in the Internet economy. With more than 3,000 verified and interoperable configurations, Crossroads' products simplify the design, installation and operation of Fibre Channel SANs. Industry leading OEMs such as ADIC, ATL, Bull, Compaq, Dell, Exabyte, Hewlett-Packard, Hitachi Data Systems, IBM, McDATA, Fujitsu-Siemens and StorageTek, as well as top resellers and distributors including Acal Electronics, Bell Microproducts, Cranel, Datalink, ITIS Services, nStor, Pinacor, Polaris Services and Vangard Technology have partnered with Crossroads to provide these solutions to their customers. For more information about Crossroads Systems, its products or employment opportunities, please call 800/643-7148 or visit www.crossroads.com. Forward-Looking Statements This release may contain forward-looking statements that involve risks and uncertainties. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: the dependence of the Company's business on the storage area network market which is new and unpredictable; the Company's ability to develop new and enhanced products that achieve market acceptance; the continuation of the Company's successful relationships with its limited number of OEM customers; the Company's ability to retain and recruit key personnel to manage its business successfully; the quarterly fluctuations of the Company's operating results; and that the Company's stock price could be volatile regardless of the Company's actual financial performance and other factors detailed in the Company's filings with the Securities and Exchange Commission. -------------------------------------------------------------------------------- Contact: Crossroads Systems Inc., Austin Reagan Y. Sakai, 512/794-2799 investor@crossroads.com