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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Joe Wagner who wrote (26619)	4/25/2000 1:54:00 PM
From: LaVerne E. Olney	Read Replies (1) \| Respond to of 29386

Screamers Ancor in switch supply pact with EMC By Debra McGarry, CBS MarketWatch Last Update: 1:07 PM ET Apr 25, 2000 NewsWatch EDEN PRAIRIE, Minn. (CBS.MW) -- Ancor Communications shares shot up 60 percent Tuesday after the fiber channel switch provider announced an agreement to supply its switches to EMC Corp. Ancor Communications Inc. provides high-performance SANbox(TM) Fiber Channel switches for storage area networks (SANs). Ancor (ANCR: news, msgs) shares soared 9 7/16 to 29 1/2 on volume of 3.7 million shares. Under the OEM agreement, Ancor will supply its SANbox 16-port fiber channel switches for use in EMC's Enterprise Storage Network. Ancor's switches will provide customers with a way to grow very large heterogeneous SANs that can be managed with the Enterprise Storage Network. Financial terms of the deal were not disclosed. EMC's Enterprise Storage Network is a network that uses standard channel technology to weave together heterogeneous servers, switches and hubs into a single information infrastructure. "Ancor's SANbox is a flexible, high-performing switch that will enable users to cost-effectively link their departmental storage area networks, bringing multiple, heterogeneous SANs under a single ESN management framework. This has long been the vision of storage area networks," said Cal Nelson, Ancor's President. EMC Corp. (EMC: news, msgs) shares added 1 13/16 to 131 5/16 in recent trading. Debra McGarry is an online reporter for CBS MarketWatch.