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Technology Stocks : Silicon Graphics, Inc. (SGI) -- Ignore unavailable to you. Want to Upgrade?

To: 44magnumpower who wrote (8229)	11/5/2000 3:23:23 PM
From: 44magnumpower	Read Replies (1) \| Respond to of 14451

The kicker here is the companies little known patents that almost all HD makers have violated. If they win they will be very flush with cash. We jumped in @ ~ $10.00. Nov 2, 2000 (BUSINESS WIRE) -- Storage Computer(R) Corporation (AMEX: SOS chart, msgs), a leading worldwide provider of high-performance storage, today announced that it has completed a $12,000,000 financing through a private placement of Preferred Stock to a single institutional investor. "At the Company's option, the investor has also committed to providing an additional $3 million investment upon similar terms and conditions, bringing the total potential Preferred Stock investment from this single institutional investor to $15,000,000," noted Peter Hood, the Company's Chief Financial Officer. Edward Gardner, President of the Company stated, "The strength of this investment will enable us to facilitate the merger of our CyberStorage Systems acquisition and bring our advanced products to the SAN and NAS on IP data storage marketplace." Mr. Gardner continued, "This capital will enable our management team to focus on executing our business plan of building the Company's core business and products, and the market development for these state of the art storage and networking solutions." About Storage Computer Storage Computer Corporation develops and manufactures software-driven multi-host storage solutions used to drive core business applications. Storage Computer solves its customer's business problems through its StorageSuite(TM) product line and patented OmniRAID and OmniFORCE storage software. Storage Computer Corporation is a publicly held company traded on the American Stock Exchange under the symbol SOS. The Company's worldwide headquarters are in Nashua, New Hampshire, with subsidiaries and distribution in over 30 countries. Company information may be found on the World Wide Web at storage.com.