To: Bradley W. Price who wrote (323 ) 4/1/1998 11:56:00 AM From: Bradley W. Price Respond to of 750
Comdisco Announcement - most of revenue recorded in Dec qtr. Shows significance of SAN market. bp Company Press Release SOURCE: Computer Network Technology Computer Network Technology Receives Nearly $3 Million in Orders From Comdisco to Supply Products for Disk Mirroring MINNEAPOLIS, April 1 /PRNewswire/ -- Computer Network Technology (Nasdaq: CMNT - news; CNT) today announced that it has received orders from Comdisco, Inc. (NYSE: CDO - news), Rosemont, Ill., to supply channel networking products that will be integrated into a disk mirroring application for a large U.S. financial institution. The first order for $2.5 million was received and completed last December, with revenue recorded in the fourth quarter of l997. The second order for $311,000 was received and completed during March of this year. CNT's UltraNet and Channelink products, as part of the overall solution, enable real-time data mirroring across a wide area network (WAN) for the financial institution's easy backup and retrieval of information stored at different locations across the country. This type of application illustrates the benefits of implementing a Storage Area Network (SAN) to reduce the risk of catastrophic failure of mission-critical data systems while protecting the customer's investments in storage and server platforms. ''This agreement strengthens our relationship with Comdisco which began in l988 when our products were selected for the worldwide Comdisco Disaster Recovery Services Network (CDRSNet),'' said Mark Knittel, vice president of marketing and business development at Computer Network Technology. ''Today, we are pleased to move forward with an agreement focused on new applications that support Comdisco's expertise in providing business continuity solutions and extend CNT's reach into new market segments.'' ''Comdisco is committed to working with industry leaders such as CNT to provide solutions that will benefit our customers and the industry,'' said Jeff Keohane, president of the InTeServ Division of Comdisco. ''Through these efforts, Comdisco can help customers safeguard important data efficiently and cost effectively.'' Redefining The Network The SAN is a high-speed network that establishes a direct connection between storage devices and servers to externalize storage from the server. The resulting high-speed infrastructure enables new levels of performance and manageability for key SAN applications such as backup/recovery, archiving, data migration, shared storage, data sharing and disk mirroring. CNT's products support these applications by enabling external and centralized storage as well as remote clustering. About Comdisco Comdisco is one of the world's leading providers of solutions that help organizations reduce technology cost and risk. These services include asset management; business continuity; network services; and equipment leasing and remarketing. Comdisco's revenue for the fiscal year ended September 30, 1997 totaled $2.8 billion. For more information, visit Comdisco's web site at comdisco.com About Computer Network Technology (CNT) Computer Network Technology, based in Minneapolis, Minn., is a leading provider of high-performance networking solutions that allow mainframe systems and open systems environments to share data and information. The company's Channelink(R), FileSpeed(TM), and UltraNet(R) product lines offer high-speed open systems connectivity, access to legacy data and guaranteed data integrity for applications such as remote storage, mirroring, and disaster recovery. In addition, its Enterprise/Connect, Enterprise/View and Enterprise/Access product lines offer unique gateway and Web-to-host solutions. For more information, visit CNT's web site at cnt.com , or call 800-638-8324 (U.S.) or 612-797-6000 (International). All brand names and product names are trademarks or registered trademarks of their respective companies. SOURCE: Computer Network Technology