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To: Douglas Nordgren who wrote (503)4/20/1998 12:57:00 PM
From: Douglas Nordgren  Respond to of 4808
 
Monterey FestivaL - Network Storage '98

biz.yahoo.com

Monday April 20, 11:04 am Eastern Time

Company Press Release

Network Storage '98

MONTEREY, Calif.--(BUSINESS WIRE)--April 20, 1998--The Network Storage '98 Conference is held June 15-17, 1998 in Monterey, California. Major themes include Network-Attached Storage, Storage Area Networking, Data Sharing, Storage Management, Array Technology, and Removable Media. The fifth in a series of annual conferences, Network Storage '98 is the storage industry conference focused on network solutions, applications, and customer experience.

The opening event for Network Storage '98 at 1:00 pm on Monday June 15, will be a keynote address by Frank Elliott, Vice President, Strategy and Operations, Data Technology Group, IBM Corporation. Luncheon presentations will be given by Michael Ruettgers, president and CEO of EMC Corporation [NYSE:EMC - news], and Fred Moore, Vice President at Storage Technology Corporation [NYSE:STK - news].

On Tuesday afternoon, Network Storage '98 is proud to host its Executive Roundtable assessing the network storage industry,
with the participation of

-- Lou Cole, President and CEO, Legato Systems -- Larry Hemmerich, Vice President and General Manager, CLARiiON,

Data General

Kathleen Holmgren, Vice President and General Manager, Storage Business Unit, Sun Microsystems
Tom Hudson, President and CEO, CNT -- Mark Leslie, President and CEO, Veritas -- Mike Matson, Vice President
and General Manager of Information

Storage Group, Hewlett-Packard

-- Mike Ruettgers, President and CEO, EMC

This is a single track conference with five half-day sessions, and a technology exhibit.

Session 1: ''Architecture and Connectivity'', with presentations from Compaq, HP, IBM, and Sun Microsystems. Session 1
includes also a panel debate on ''Network Attached Storage'' with the participation of Artecon, Axis Communications, Creative Design Solutions, ECCS, Programmed Logic Corporation, and Unisys

Session 2: ''Managing Network Storage'', with presentations from CLARiiON, EMC, Legato, Microsoft, VERITAS, and Vixel

Session 3: ''Sharing Data in a Heterogeneous Environment'', with IBM, DataDirect Networks, and Digital Equipment Corporation [NYSE:DEC - news]

Session 4: ''Arrays in Storage Networks -- Applications and Connectivity'', with Adaptec, Ancor, BoxHill, Mylex, Symbios, and Transoft Technology

Session 5: ''Removable Media -- The New Thrust in Storage'', with ADIC, Microsoft, SmartStorage, and StorageTek.

The conference is sponsored by Peripheral Concepts, Inc., a storage market consulting firm in Santa Barbara, California, and
co-sponsored by Computer Technology Review, Storage Management Solutions, and Storage Inc.

For more information call 805/898-3846, email debbiej@periconcepts.com or view the web at periconcepts.com.



To: Douglas Nordgren who wrote (503)4/20/1998 1:01:00 PM
From: Douglas Nordgren  Read Replies (2) | Respond to of 4808
 
Box Hill Systems Corp. - Investment Opinion - 'Accumulate'

biz.yahoo.com

Monday April 20, 12:18 pm Eastern Time

Company Press Release

GAINESVILLE, Fla.--(BUSINESS WIRE)--April 20, 1998--Barber & Bronson Inc. has updated its coverage of Box Hill Systems Corp. (NYSE:BXH - news) with a ''3-Hold'' in the short term and ''2-Accumulate'' for long term investors.

Box Hill Systems announced that first quarter results will be well below expectations, with revenues of between $15.5 and $16 million and earnings per share to range between $.06 and $.08. This compares to our previous forecast of $21.5 million in revenue and $.16 in per share earnings for the quarter. In addition, the adoption of Fibre Channel technology has not occurred as quickly as we had originally forecasted due primarily to longer than anticipated evaluation, testing and purchasing cycles. While we continue to believe the technology will be successful, we are lowering our estimates in 1998 and 1999 to reflect this change.

Even with the slow start to the year and revised expectations for Fibre Channel, we still anticipate 25% revenue growth for the year and slightly higher earnings per share. Much improved 1999 results are expected due to higher contributions from Fibre Channel, the growing OEM business and easy comparisons to weaker 1998 results. Although we continue to like Box Hill's long term prospects, we are lowering our rating on the stock to a 3/2 until revenue and earnings growth can be consistently achieved.

Box Hill is a leading supplier of high performance data storage systems to the UNIX and Microsoft Windows NT markets. The company recently completed its initial public offering at $15 per share, raising nearly $60 million in capital. Barber & Bronson Inc. is a full-service brokerage and investment banking firm based in Miami, with offices in New York and Hilton Head, S.C. A copy of the report will be available shortly on our web site at barberbronson.com.