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Technology Stocks : Advanced Digital Information Corp. (ADIC) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (2108)	11/7/2000 12:23:57 PM
From: Puna	Respond to of 2283

Thanks Jim and I appreciate your observations as well. It also looks like the street is done trouncing storage now, real nice move for ADIC this morning. Yeah many companies want a piece of the storage arena now and ADIC has a firm footing with their products. When Europe finally does turn around, ADIC, and the entire Nasdaq, will really explode. Then we put on the seat belts and enjoy the ride! Puna

To: Jim Oravetz who wrote (2108)	11/7/2000 12:39:03 PM
From: Puna	Read Replies (1) \| Respond to of 2283

From ADIC's website: ADIC has developed a family of advanced data storage management and automated library management software solutions for open computing and mainframe environments. This family includes UNIX- and Windows NT-based software for data archiving, HSM, and volume management. ADIC software provides the power to store, manage, access, protect, and control your data better than ever. Is this the article you were referring too? wsrn.com Report: Storage Software Surges Tuesday, November 7, 2000 12:11:00 AM - boston.internet.com by Colin C. Haley - boston.internet.com <<The need for companies to manage the tremendous volume of data generated by e-businesses will push storage software revenue to $10.4 billion in 2004, according to a new report from IDC, the Framingham, Mass., market research firm. The figure is more than double last year's figure of $5 billion. "Because of the complexity of underlying storage architectures such as (storage area networks) and the increased demand for 100 percent application uptime and data availability, the use of storage management solutions will continue to increase rapidly," said Steve Widen, research director for IDC's storage software program. The trend in software storage is toward a comprehensive suite of applications that will backup, restore, archive, and manage data produced on a range of platforms. According to IDC, this segment's revenue is expected to more than double, from $2.5 billion in 1999 to $5.6 billion in 2004. Software that manages storage systems will also see a spike in demand.Between 1999 and 2004, IDC expects this segment's compound annual growth rate to be almost 22 percent, besting the rest of the market by 6 percent. "The requirement for more automated policy-based solutions along with a more predictive approach to managing storage resources by enterprises will be a key force in the growth of this segment," Widen said. The outlook comes as no surprise to the handful of Boston-area storage companies, who in recent months have spent millions to bolster their software capabilities. The most prominent, of course, is EMC (NYSE:EMC). Last week, the Hopkinton, Mass., company bought CrosStor Software, a New Jersey firm that makes high-performance software for networked storage systems, for $300 million in stock. The acquisition of CrosStor comes about three months after EMC bought Avalon Consulting Group, a Denver company that makes software to manage vast amounts of data in video and other rich media formats. Also last week, Storage Computer (AMEX:SOS), of Nashua, N.H., raised $12 million through a private placement of preferred stock. In addition to funding product development, the windfall will help the company complete the integration of CyberStorage Systems, also of Nashua, which it bought for $23.5 million in August. CyberStorage specializes in storing high amounts of data generated by broadband content and rich media, such as streaming video, audio, graphics and medical and digital images.>> Puna