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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel G. DeBusschere who wrote (9223)	1/11/2001 3:13:33 PM
From: Bosco	Respond to of 14638

Hi all - from briefing.com, via Yahoo 2:26PM Nortel Networks (NT) 33 5/16 +1 3/8 (+4.3%): -- Update -- Company announces that it expects its overall number of employees to remain unchanged in 2001; expects that approx. 4,000 regular full time positions will be eliminated in the near term through streamlining and realignment activities, though, company will continue to hire in 2001 to address customer needs. I am waiting with bated breath to see Mr Sagawa's response <VBG>! best, Bosco

To: Daniel G. DeBusschere who wrote (9223)	1/11/2001 3:15:31 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

ALISO VIEJO, Calif., October 31, 2000 - QLogic Corp. (NASDAQ:QLGC), the leading SAN infrastructure provider, today announced that it has successfully completed joint testing between its Fibre Channel storage area network (SAN) components and Nortel Networks* metropolitan-area fiber optic transport technology. The testing demonstrates the compatibility of QLogic’s QLA2200 Series Fibre Channel host adapters and SANbox switches with Nortel Networks OPTera* Metro 5200 Multiservice Platform and SAN products from other leading vendors. Nortel Networks OPTera 5200 enables storage service providers (SSPs) to connect Fibre Channel SANs across distances up to and beyond 100 km, making “Metropolitan SANs” possible. Using dense wave division multiplexing (DWDM), OPTera 5200 can aggregate up to 32 separate data channels over a single fibre and transmit this information over 100 km. This dramatic decrease in the cost of native rate Fibre Channel interconnection enables corporations’ SANs to be built seamlessly over metropolitan networks, and underpins the business models for new Storage Service Providers (SSP). SSPs now have the bandwidth necessary at the right price to provide storage, backup, archive, and disk mirroring services for resource-strapped IT organizations. According to IDC, the SAN services market is projected to grow almost 120 percent (CAGR) from 1998 to 2003. “The interoperability of our high-performance Local Internet solutions with storage networks allows enterprise customers to grow their SANs beyond the walls of individual buildings, maximizing the use of storage devices in different locations,” said Brian McFadden, vice president, Metro Optical Solutions, Nortel Networks. “We will continue to work with QLogic to build solutions that help enterprises make optimum use of their computing resources and protect their business operations and mission critical data.” The interoperability testing - conducted jointly at each SAN provider’s facility - included protocol application and distance testing up to 100 kilometers, utilizing each company’s leading storage solutions. The testing process also included subjecting the interconnected equipment to stressful operating conditions and fiber connectivity disruptions. “SAN interoperability is an extremely high priority for QLogic,” said Larry Fortmuller, vice president of marketing, QLogic Corporation. “QLogic is simplifying SAN testing and implementation by providing a single point of contact for end-to-end SAN components from the host adapter to the switch. We will continue to work closely with companies like Nortel Networks to unlock the full potential of SANs and metropolitan SANs.” QLogic SAN products control the flow of data between storage systems, tape libraries and network servers. QLogic’s high-performance SANbox switches and QLA2100 Series and QLA2200 Series host adapters are leading solutions for Fibre Channel, the crucial technology that makes large data centers possible. By moving data at rates of up to a gigabit per second to hundreds of storage devices, Fibre Channel unleashes the power of SANs. About QLogic QLogic Corporation (NASDAQ:QLGC) is changing the way the world views Storage Area Networks (SANs), serving OEMs, VARs and system integrators with the broadest line of SAN infrastructure components in the industry. With over 15 years of enterprise storage experience, the company delivers a full range of Fibre Channel switches, PCI host bus adapters, controller silicon and management chips for systems and peripherals, as well as the QLogic Management Suite of SAN management software solutions. A member of the Nasdaq-100® Index, QLogic recently emerged on the Forbes 500 and Business Week 200 lists. QLogic is integrated in over 200 OEM solutions, including: AMI, Compaq, Dell, EMC, Fujitsu, Hitachi, HP, IBM, INRANGE, Iwill, MTI Technology Corp., Quantum, Raidtec, Siemens, Sun and Unisys. For more information about QLogic and its products, contact QLogic Corp., 26600 Laguna Hills Drive, Aliso Viejo, CA 92656; telephone: 800/662-4471 (sales); 949/389-6000 (corporate