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To: George Dawson who wrote (15860)	4/22/1998 5:38:00 PM
From: janski	Read Replies (1) \| Respond to of 29386

McData/HP: Broomfield, Colorado. March 24, 1997 ------------------------------------------------------------------------ McDATA Corporation and Hewlett-Packard Company today announced that, effective immediately, McDATA has purchased HP's Canadian Networks Operation (CNO). CNO, based in North York, Ontario, Canada, designs and manufactures HP's Fibre Channel enterprise switches, which provide high-performance connections between parallel computing servers. McDATA plans to keep the focused development team in Canada, where employees will continue to design, test and market Fibre Channel switches. At the same time, the companies signed a long-term OEM agreement under which HP will buy Fibre Channel switch products from McDATA. Terms of the sale and the OEM agreement were not disclosed. The CNO Fibre Channel enterprise switch has been used in HP's parallel server solutions since mid-1996. The switch provides parallel server interconnects that extend the performance of individual servers for high-end applications, such as data warehousing and specialized on-line transaction processing (OLTP). McDATA has been the leading supplier of Enterprise Systems Connection (ESCON) switching products since 1994. The company is the exclusive manufacturer of IBM's ESCON directors, high-availability switches that provide dynamic connections between mainframes and peripherals in large ESCON data centers. McDATA is applying its data-center expertise to high-availability, high-performance Fibre Channel switches for the open-systems arena. "This new strategic relationship with McDATA Corporation ensures HP's future access to Fibre Channel switch technology, which is extremely important to HP," said Todd Reece, general manager of HP's Networked Computing Division (NCD). "HP can capitalize on its core competencies and take advantage of McDATA's expertise and reputation in Fibre Channel switching." "HP has led the industry in applying Fibre Channel technology to boost parallel server performance and address high-bandwidth, data-intensive applications, such as data warehousing, data mining and OLTP," said John F. McDonnell, president and chief executive officer of McDATA. "This acquisition, along with our strategic partnership with HP, establishes us as a market leader in Fibre Channel switching. CNO's existing and future Fibre Channel switches complement our own and extend our market." "Fibre Channel is an extremely important technology to both McDATA and HP," said Reece. "We look forward to a prosperous supplier relationship with McDATA. EMC Corporation, McDATA's parent company, is already a strategic partner and a major supplier of information storage solutions to HP customers." HP will continue to develop and sell other non-switch Fibre Channel products, such as Fibre Channel chips, server adapter cards and video broadcast systems. Fibre Channel's high-performance, gigabit-per-second architecture (a 100 megabytes-per-second transfer rate) features low latency, supports long distances and has very high reliability. It operates at five times the speed and more than 20 times the distance of today's popular SCSI disk-attachment technology. McDATA Corporation designs and manufactures high-bandwidth Enterprise Systems Connection (ESCON) and Fibre Channel switches for the data center and enterprise-wide computing systems that encompass local, metropolitan and wide-area connectivity. Headquartered in Broomfield, Colorado, McDATA has 165 employees. In fiscal year 1996, McDATA realized a revenue of approximately $180 million. McDATA is a wholly-owned subsidiary of Massachusetts-based EMC Corporation. EMC is the world's leading supplier of intelligent enterprise storage and retrieval technology, with fiscal year 1996 revenues of more than $2 billion and 4,300 employees worldwide. Hewlett-Packard Company is a leading global supplier of computing, communications and measurement products and services recognized for excellence in quality and support. HP has 112,800 employees and had revenue of $38.4 billion in its 1996 fiscal year. Information about McDATA and its products can be found on the World Wide Web at mcdata.com. Information about HP and its products can be found at hp.com.