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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. J. Kyle Hibbs who wrote (14012)	1/30/1998 9:18:00 PM
From: Mr. J. Kyle Hibbs	Respond to of 29386

MINNEAPOLIS (OCTOBER 30, 1997) - Ancor Communications, Inc. (Nasdaq: ANCR) today strengthened its presence in the geoscience marketplace, announcing a channel agreement with GeoQuest, the leading provider of high-performance compute systems and exploration and production software to oil and gas companies. GeoQuest will incorporate Ancor's GigWorks Fibre Channel switches and adapters as part of the system solutions it provides to its geoscience customers. GeoQuest is a division of Schlumberger, an $8.9 billion provider of oilfield services, systems and telecommunications, and has more than 110 data services centers and software support offices around the world. Ken Hendrickson, Ancor chairman and chief executive, said this worldwide reach uniquely positions Ancor and GeoQuest to serve the demand for high-performance data communications solutions in the highly competitive oil and gas marketplace. "GeoQuest is the premier provider of integrated software products and data services to help oil and gas companies maximize the value of their exploration and production data," he said. "And Ancor provides the highest-performing data communications products. Together, we can deliver a solution that maximizes these companies' investments in exploration, research and engineering resources - delivering the tools to help increase productivity." "For our customers, compute resources are absolutely critical to the success of the business. Our focus is to provide the applications and systems solutions that can give our customers a competitive edge," said Chris Hanson, GeoQuest manager of hardware operations and commercialization, "We think Fibre Channel can be a key component to this solution." Hendrickson said geoscience and reservoir modeling involves massive amounts of data, and moving data files from storage or server to the expert¡s desktop can overwhelm slower network technologies - directly impacting engineering productivity and slowing exploration and production processes. Ancor's GigWorks Fibre Channel technology addresses network bottlenecks by providing full gigabit-per-second connections between servers, workstations and storage, providing optimal bandwidth and throughput in data-intensive environments. "It's not uncommon for data volumes to double every six to nine months," Hendrickson said, "so oil and gas companies need a solution that can scale to handle the increased load. As the only Fibre Channel switch with arbitrated loop, our new GigWorks MKII lets companies easily add the storage and compute resources as needed - without disruption to their ongoing compute environment." "Reliability and ease of installation are other key criteria for GeoQuest and our customers," Hanson explained. "At one customer site, we were able to install and optimize a GigWorks network in just eight hours. This lets the customer focus on productivity and profits, rather than get bogged down in network administration."