Here's HWP/MCDT....
Correction -- McDATA Corporation (Nasdaq: MCDT, MCDTA)
In LAM070, Hewlett-Packard to Offer McDATA's New Director Product for SAN Solutions, moved earlier today, we are advised by a representative of the company that the headline should read, "Hewlett-Packard to Offer McDATA's New Galaxy-Class Director Product for SAN Solutions," rather than, "Hewlett- Packard to Offer McDATA's New Director Product for SAN Solutions," and that the sixth graph should read, "Hewlett-Packard's SureStore products will be sold through both direct and indirect channels beginning in April of 2001 as the Hewlett-Packard and McDATA relationship continues to develop through a two-year OEM contract period," rather than, "...beginning the end of April 2002..." as originally issued. Complete, corrected release follows:
Hewlett-Packard to Offer McDATA's New Galaxy-Class Director Product for SAN Solutions
BROOMFIELD, Colo., April 9 /PRNewswire/ -- McDATA® Corporation (Nasdaq: MCDT - news, MCDTA - news), a global leader in open storage networking solutions, announced today an agreement with Hewlett-Packard Company (NYSE: HWP - news), a leading global provider of computing and imaging solutions and services, that enables Hewlett-Packard to sell and distribute McDATA's new storage area network (SAN) enterprise backbone product, the ED-6064 Director, which was announced today, April 9, 2001, at the Storage Networking World conference in Palm Desert, Calif.
Hewlett-Packard will distribute the ED-6064 Director worldwide under the Hewlett-Packard SureStore brand, which will also feature McDATA's enterprise- to-edge line of channel switch products including the ES-3016 Switch and McDATA's also recently announced ES-3032 Switch. The Hewlett-Packard OEM partnership was developed after thorough testing to validate McDATA's technical superiority in scaling applications for large SAN deployments, consolidating SAN islands, and managing large fabrics through McDATA's Enterprise Fibre Channel Management software integration into Hewlett-Packard OpenView Storage Node Manager.
``Hewlett-Packard chose McDATA's ED-6064 Director after exhaustive vendor comparison because we felt McDATA's backbone deployments are creating industry-defining standards for core SAN switching requirements,'' said Don Kleinshnitz, general manager of Storage Network Solutions at Hewlett- Packard. ``Our goal in reselling McDATA's Director as the Hewlett-Packard SureStore Director FC-64 is to enable our customers to build very scalable and resilient fibre channel networks to meet their increasing storage requirements and business needs.''
Extensive application testing on the new director product was conducted in McDATA's Systems Integration Lab before announcing the ED-6064 to the market. This testing will help ensure the smooth implementation and functionality of heterogeneous SAN environments and solutions for Hewlett-Packard customers.
``We are very pleased to work with Hewlett-Packard, now the third largest external storage provider for open systems, to leverage McDATA's next-generation Director product and enterprise-to-edge SAN solutions with Hewlett-Packard's reputation for quality and marketing savvy,'' said Jack McDonnell, Chairman, President and CEO of McDATA. ``Our OEM agreement is a testimonial to both companies' commitment to customer satisfaction.''
Hewlett-Packard's SureStore products will be sold through both direct and indirect channels beginning in April of 2001 as the Hewlett-Packard and McDATA relationship continues to develop through a two-year OEM contract period.
About McDATA (www.mcdata.com)
McDATA (Nasdaq: MCDT - news, MCDTA - news) is a global leader in open storage networking solutions. Recognized for its highly available, scalable and centrally managed SANs, McDATA's family of solutions represent the backbone of the SAN industry and address enterprise-storage problems. The company's enterprise- to-edge SAN solutions improve the reliability and availability of data to simplify SAN management and reduce the total cost of ownership. Committed to the highest level of service in the industry, McDATA extensively pre-tests SAN solutions to provide IT organizations with the comprehensive tools, methodologies and support essential to robust and timely SAN implementations. McDATA distributes its products through its OEMs, network of resellers and Elite Solution Partners. McDATA is a registered trademark. The McDATA logo and McDATA tagline are trademarks of McDATA Corporation.
About Hewlett-Packard Company
Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services -- is focused on making technology and its benefits accessible to individuals and businesses through simple appliances, useful e-services and solutions for an Internet infrastructure that's always on. HP had total revenue from continuing operations of $48.8 billion in its 2000 fiscal year. Information about HP and its products can be found on the World Wide Web at hp.com.
Forward-Looking Statements
This press release contains statements about expected future events that are forward-looking and subject to risks and uncertainties. For these statements, we claim the safe harbor for ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. Factors that could cause actual results to differ and vary materially from expectations include, but are not limited to, our relationship with EMC Corporation, IBM and other partners or a loss of any of our key customers, distributors, resellers or our manufacturer, our ability to expand our product offerings and any transition to new products, component quality and availability, the development of the storage area network and switch markets, any change in business conditions, changes in our sales strategy and product development plans, competition in the storage area network and switch markets, competitive pricing pressures, continued market acceptance of our products, name recognition of our products, delays in the development of new technology, changes in customer buying patterns issues, one-time events and other important factors disclosed previously and from time to time in our filings at the U.S. Securities and Exchange Commission. These cautionary statements by us should not be construed as exhaustive or as any admission regarding the adequacy of disclosures made by us. We cannot always predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. In addition, readers are urged to consider statements that include the terms ``believes,'' ``belief,'' ``expects,'' ``plans,'' ``objectives,'' ``anticipates,'' ``intends,'' ``targets,'' or the like to be uncertain and forward-looking. All cautionary statements should be read as being applicable to all forward- looking statements wherever they appear. We do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: McDATA Corporation
More market share leaking away for BRCD?
This is the first director OEM that I have seen. Will others be right behind? |
