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

To: Jim Oravetz who wrote (2225)	6/25/2002 8:18:22 AM
From: Jim Oravetz	Read Replies (1) \| Respond to of 2283

ADIC Named as One of America's 100 Fastest Growing Companies by Fortune Magazine for Third Year REDMOND, Wash., Jun 19, 2002 (BUSINESS WIRE) -- Advanced Digital Information Corporation (Nasdaq:ADIC) today announced that the Company has been included for the third year in a row in Fortune Magazine's list of the 100 Fastest Growing Companies in the United States. The list, compiled by Zacks Investment Research, compares the year-2001 performance of all U.S. companies publicly held for at least three years with $50 million or more in revenue and market capitalization. ADIC(R), a leading supplier of Intelligent Storage(TM) systems used to store, access, manage, and protect data in computer networks, is ranked 11th in the 2001 results. Other technology companies joining ADIC in the Fortune top twenty include Network Appliance, Qlogic, and Siebel Systems. "We believe that ADIC's third consecutive appearance on the Fortune fastest-growing companies list underscores the central role that data storage continues to play in contemporary organizations of all sizes," commented ADIC CEO Peter van Oppen. "Even though the economy is going through a period of uncertainty and retrenchment, the explosive growth of data remains an indisputable fact that tends to counter the industry-wide trend of reduced IT spending. While the IT industry as a whole has suffered large-scale reversals this year, ADIC 2002 revenues to date have declined less than 6%. ADIC is committed to expanding our already broad role in the data storage market by continuing to develop advanced, intelligent solutions that help network administrators manage and protect their digital assets more easily and more effectively. We believe this strategy will position us well when global economic conditions begin a more robust recovery." ADIC is a technical and market leader in several data storage categories. The company's products include software that is core to new media applications, including digital broadcasting and rich media delivery over the Internet, and storage management solutions that automate data management for enterprise IT departments. ADIC recently became the world's largest supplier of automated tape systems used to protect data for open-system, client-server networks