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Technology Stocks : MTIC - Is this the next EMC? -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (3704)	6/20/2000 3:23:00 PM
From: The Ox	Read Replies (1) \| Respond to of 3748

MTI Launches Enhanced File Services to Bolster Its Combined SAN/NAS Offering ANAHEIM, Calif.--(BUSINESS WIRE)--June 13, 2000--MTI Technology Corp. (Nasdaq:MTIC), a leading manufacturer of enterprise storage solutions designed to provide Continuous Access to Online Information(SM), today announced the next-generation of MTI File Services, the Network Attached Storage (NAS) component of MTI's Vivant(TM) storage solution. By integrating both NAS and Storage Area Network (SAN) technologies, businesses no longer need to choose between SAN and NAS technologies, but rather can capitalize on both to optimize their IT environment. MTI's newly enhanced File Services reduces the total cost of ownership with improved performance, security and manageability of shared data in NT & UNIX environments. Users can now choose between block (SAN) and file (NAS) services from a single product, rather than using multiple vendors. Data can be dynamically configured to change with business needs without having to deploy additional hardware and software. This provides the best of both worlds as databases run more efficiently on a SAN, whereas NAS is better suited for file sharing. "Strategic integration of storage hardware and software remains the key issue to businesses for the foreseeable future," said Kevin J. Liebl, vice president of marketing at MTI. "By consolidating the various hardware, software and management components of a storage solution, it is possible to reduce the complexity and expense involved in installation, configuration and operation. By combining SAN and NAS technologies, MTI is positioned to offer a highly scalable storage array that enables a company's growth." According to the META Group, e-business and customer relations management (CRM) solutions are estimated to drive data growth between 300 percent and 400 percent annually over the next three years. As the need for data storage continues to climb at this dramatic pace, IT organizations are expected to seek out storage partners that can offer a broader approach to storage. This, according to META, will include the ability to partition servers for applications that have specialized requirements for block or file, while maintaining consistent and unified storage management. META points out in its February 2000 analysis of MTI's Vivant storage solution that MTI File Services' "fundamental difference is that both block and file information is resident within the same enclosure. This is unique in the industry because other vendors require storage subsystems to be either block or file services." "MTI File Services provide a highly available data storage solution for network attached Unix and Windows server environments," Liebl said. "When used in conjunction with other elements of MTI DataServices, such as Backup, Management and Support Services, MTI File Services yield a fully integrated solution designed specifically to put an end to today's decentralized data challenges." MTI's File Services include a file system that has been optimized for high throughput and performance. Its advanced, transaction-oriented caching consolidates I/O operations and significantly enhances overall performance. Along with these designed-in features, MTI File Services flexibility often translates into improved system performance by tuning the system configuration to the needs of the application. Support for various drive capacities allows configurations to grow from a few hundred gigabytes to many terabytes by adding drives when necessary. As more disks are added, MTI File Services can be dynamically configured to make use of additional capacity. About MTI Technology Corporation MTI's mission is to provide Continuous Access to Online Information(SM) through fault-tolerant, cross-platform data storage servers for the enterprise. MTI develops, manufactures, sells and services data server solutions for Global 2000 companies on a worldwide basis. With headquarters in Anaheim, the company offers services and support from more than 40 offices in the U.S. and Europe and complies with ISO 9001 quality system standards. MTI may be reached by phone: 800/999-9MTI or 714/970-0300, fax: 714/693-2256 or e-mail: info@mti.com. Information can also be accessed via MTI Online, the company's World Wide Web server on the Internet at: www.mti.com. MTI and Vivant are registered trademarks and Continuous Access to Online Information is a service mark of MTI Technology Corp. All other company, brand or product names are registered trademarks or trademarks of their respective holders. This news release includes forward-looking statements, including statements regarding the company's product development plans, which are subject to change. The actual results may differ materially from those described in any forward-looking statement. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission, including its Form 10-K for the year ended April 3, 1999. CONTACT: MTI Technology Corporation, Anaheim Kevin J. Liebl, 714/693-2740, Media kliebl@mti.com Frank Yoshino, 714/693-2775, Investors fyoshino@mti.com or JPR Communications Judy Smith, 818/386-0403 JPRCommun@aol.com KEYWORD: CALIFORNIA BW0183 JUN 13,2000 6:00 PACIFIC 9:00 EASTERN

To: The Ox who wrote (3704)	6/29/2000 9:07:00 AM
From: jim nazium	Read Replies (2) \| Respond to of 3748

I actually think that this stock should be avoided. Frankly their new Fibre Channel 6700 is not selling well nor performing well. They are including their 3200 and 3600 as Vivant and it is a good product but it is almost past its prime. Their upgrade to the 6700 is not going very well either and since the 6700 installed base and sales are weak it does not matter. I do not see the future product road map. My guess is that they will have sales problems for several more quarters and start losing money and going into debt again. They will be ok because they will be getting one more big EMC payment in February 2001. People do not realize that this helps earnings and cash flow by nearly 10 cents per year. I think they CALD will continue to underperform and they will not be allowed to liquidate that stake ever due to Noorda. Lack of clear product direction will prevent a buy out any where near this price. The service organization is probably the most valuable piece but it will probably start to detoriate. Europe will continue to be an issue and sales productivity and turnover will also hurt. There biggest asset is their long time productive sales reps and the corresponding installed base. However, they have been unable to get these guys to go to the 6700 product line. Also their wins into the internet space has been impressive but appears to be enormous credit risk and this gravy train is beginning to end. Due to selling less tape and EMC/DG keeping the pricing stable their RAID margins should be good and that has been the biggest improvement. The new pres will probably be given a year or so to work out. He has a tough task ahead of him and he does not appear to me to have the stuff. I would be a buyer around $2-2.50 and think as they miss the next two quarters and sales decrease quarter over quarter and year over year that over the next 6 months I may be able to buy the stock at this price.