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Technology Stocks : DSS: DLT finally open for trading -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (298)	9/5/2000 11:40:40 AM
From: Sam	Read Replies (1) \| Respond to of 488

There is some real buying coming into DSS today. Over three quarters of million shares by 11:30, the stock is up to 13 7/8 on the ask, and some big blocks are trading. The news on Snap--with both Bell and Dell (no, I didn't just make that up, they must have a poet on their PR staff at Snap, it does sound, well, "Snappy")--must be having a good effect, as well as their doubling Snap's capacity every month or so, now up to 240 gig. The Dell article is below. "Dell is committed to delivering a breadth of storage solutions that address the data sharing requirements of our customers at every level," said Russ Holt, vice president and general manager of Dell PowerVault Storage Products. "The market leadership and technology advantage of Quantum's NAS product coupled with Dell's system and service capabilities will make this the ideal product for the file serving needs of small business enterprises and corporate workgroup environments." Quantum Announces OEM Agreement With Dell for the Snap Server Product Line Quantum's Server Appliances Division To Supply Rack Mount Server Products To Dell SAN JOSE, Calif., Sep 5, 2000 (BUSINESS WIRE) -- Quantum Corporation's DLT and Storage Systems Group (NYSE: DSS chart, msgs), the industry standard in workgroup network attached storage (NAS) solutions, today announced the company's first OEM agreement to supply Snap Server products to Dell Computer Corp. A 120GB, 1U product for rack or desktop environments with RAID 5 capabilities is the first product from Quantum's Server Appliances Division to be supplied under the OEM agreement, and will be sold under a separate product name by Dell. Quantum looks to broaden the reach of its Snap Server storage solution with a series of technological alliances with companies, such as Dell, that are committed to increasing category awareness for NAS products. "Today, Quantum is not only expanding its Snap Server family but also its sales channel. Through an aggressive OEM program, we will uncover markets via companies offering unique channel and product roll-out strategies," said Anders Axelsson, vice president and general manager for Quantum's Server Appliances Division. "Dell is committed to delivering a breadth of storage solutions that address the data sharing requirements of our customers at every level," said Russ Holt, vice president and general manager of Dell PowerVault Storage Products. "The market leadership and technology advantage of Quantum's NAS product coupled with Dell's system and service capabilities will make this the ideal product for the file serving needs of small business enterprises and corporate workgroup environments." According to a recent study conducted by PC Data, Quantum currently has 85 percent market share in the workgroup NAS market (Distribution Hardware Report, July 2000). To maintain its leadership status, Quantum will work closely with its current and future partners to develop new strategies and products designed to grow opportunities within the NAS marketplace. Snap Server Product Family The Quantum Snap Server product series now includes the Snap Server 1000 15GB ($499) and 30GB ($799), and the Snap Server 2000 60GB ($1,699) which are designed in a desktop configuration. The Snap Server 4100 120GB ($2,999) and 240GB ($4,499) are rack mountable units.(1)