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Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?

To: J Fieb who wrote (2549)	1/17/2001 11:35:58 AM
From: J Fieb	Read Replies (1) \| Respond to of 4808

IBM talks it up... IBM To Help Telcos Overhaul E-Business (11/14/00, 8:02 a.m. ET) Reuters WHITE PLAINS, N.Y. -- International Business Machines Corp. said on Tuesday it plans to team up with the likes of Nortel Networks Corp. and Lucent Technologies Inc. to offer products and services for the networks of telecommunications firms. Financial terms of the alliance were not disclosed. Armonk, N.Y.-based IBM (stock: IBM) said the move is aimed at helping telecommunications service providers deliver applications over new and improved networks. The initiative includes French telecommunications company Alcatel (stock: ALA), telecommunications equipment makers Lucent Technologies Inc. (stock: LU) and Nortel Networks Corp. (stock: NT) of Canada, as well as software firms Telcordia Technologies Inc. and Ulticom Inc. (stock: ULCM), IBM said. IBM cited expectations of rapid growth in the communications sector as a key motivation for the alliance. “Together with our business partners we will help telecommunications service providers completely rebuild their e-business infrastructure,” said Mike Hill, general manager of IBM Global Telecommunications Industry. Laboratories to support the initiative will be up and running in North America, Europe and Asia by March, IBM said. IBM said the alliance will focus on the following areas: wireless data; Internet technology for data and voice traffic over the network; data center services including servers, storage and network transport; and building sites dedicated to helping companies offer Internet access, intranets, data services, Internet telephony, and wholesale services. IBM added that it will also offer services aimed at the Internet data center market, including the provision of physical facilities and management services.

To: J Fieb who wrote (2549)	1/18/2001 6:30:12 PM
From: Douglas Nordgren	Respond to of 4808

Fieb, the Woodside Fund backing TrueSan is a huge endorsement for Tom's vision. Investment Criteria We screen every investment opportunity according to a rigorous set of criteria. This enables us to screen a large number of potential investments, and focus our resources on a limited number of the most promising business opportunities. We look for companies with the following profile: Large Market Potential: A company must have the potential to achieve a market value of at least $500 million, and preferably over $1 billion. Qualified Management: An exceptional management team with expert knowledge of its business must be in place, or a willingness to build such a team. Market Leadership: A company with proprietary technology or specialized expertise enhances its ability to achieve market leadership and high profit margins. Market Advice and Expertise: The Fund, either by itself or in concert with other investors, must be able to exercise a positive influence on key policies, strategic decisions and management hires. Exit Strategy: The fund requires that there be a viable strategy to obtain liquidity within the life of the partnership. There should be the potential for an initial public offering (IPO) and potential acquirers in the marketplace. Return On Investment: The Fund targets a return of at least 10 times invested dollars in two to four years, and preferably higher. woodsidefund.com

To: J Fieb who wrote (2549)	1/18/2001 7:25:52 PM
From: D. K. G.	Read Replies (1) \| Respond to of 4808

J fieb, another Truesan article on 30M funding... herring.com TOP STORY: TRUESAN TAPS INTO $30 MILLION Humans will create more data during the next three years than has been created in the last 300,000, since the late Pleistocene Age and Neanderthal man. That is, according to the School of Information Management and Systems at UC Berkeley. With those kinds of forecasts, you can understand why funding for storage area network (SAN) companies has spiked as of late. If you're going to have that much information,you've got to have somewhere to store it. But the sheer number of firms entering the space is making it tougher for a startup to differentiate from established competitors such as EMC and Network Appliance. Still, Truesan's CEO Tom Isakovich reckons he's got a leg up. His company, which just landed $30 million, builds high-performance SANs that can scale incrementally up to 300 terabytes. Competing systems from EMC only scale to about 25 terabytes and are less cost effective, he says. With revenue from such customers as Personify and Warner-Lambert, Truesan (http://www.truesan.com) has been profitable since its founding in 1998. However, the new round will put the firm in the red until about 2002 due to expansion costs, Mr. Isakovich says. With 60 employees, Truesan's burn rate runs about $1.2 million per month. If the market returns, Mr. Isakovich may take the firm public this year. FUNDING DETAILS: Location: San Jose, CA; Amount: $30M; Prior funding: $1M (approx); Lead Investor: Woodside Fund; Other Investors: Merrill Lynch; Qlogic; JT Venture Partners; Credit Suisse First Boston; Spring Creek Partners; Finisar Corporation. --Steve Silverman