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

To: Pierre Aydin who wrote (18394)	10/6/1998 3:56:00 PM
From: Kerry Lee	Read Replies (1) \| Respond to of 29386

Ancor Communications Signs New Japanese Distributor PR Newswire - October 06, 1998 15:15 MINNEAPOLIS, Oct. 6 /PRNewswire/ -- Ancor Communications, Inc. (Nasdaq: ANCR), a leading Fibre Channel switch provider, today announced that it has entered into an exclusive partnership with Netmarks, Inc., a leading Japanese supplier of network integration services, to distribute Ancor Fibre Channel switches to storage system providers and end users. Netmarks replaces Hucom as Ancor's distributor in Japan. Netmarks, with approximately $100 million in annual revenues, is a joint venture formed by Sumitomo Electric Industries Ltd., Nomura Research Institute Ltd., NEC Corporation, and Sumitomo Denetsu Co., Ltd. Netmarks previously partnered with Hucom at Ancor's largest Japanese Fibre Channel installation, and has retained key technical talent from Hucom to assist with sales and support in Japan. "Our goal was to make the transition from Hucom to Netmarks as seamless as possible for our customers," said Tsuyoshi Sugawa, Netmarks' Managing Director. Ken Hendrickson, Ancor's CEO, said, "We are proud to be associated with a company of Netmarks' stature in Japan. They have a long track record of delivering excellent network solutions to their customers and will be terrific representatives for Ancor's Fibre Channel solutions." About Fibre Channel Fibre Channel is an ANSI-standard, high-speed, low-latency data communications technology that provides gigabit-per-second transmission rates in storage/server environments and high-performance networks. Ancor GigWorks(TM) products combine the speed and simplicity of channels with the flexibility of networks to solve bandwidth problems caused by the transfer of large data files among storage, server and client nodes in high-performance compute environments. Ancor Fibre Channel products provide optimal speed and throughput for data-intensive applications such as shared storage, CAD/CAM, visualization, data mining and file backup. About Ancor Communications Ancor Communications, Inc. provides GigWorks(TM) high-performance storage and data-intensive network solutions based on Fibre Channel technology. The company was the first to deliver a Fibre Channel switch, and the first to top the one-gigabit performance level. Ancor is a member of the Fibre Channel Association, the Storage Network Industry Association, the ANSI Standards Committee and the University of New Hampshire Fibre Channel Consortium to promote the advancement of Fibre Channel standards and interoperability. Information on Ancor is available on the World Wide Web at ancor.com For more information about Fibre Channel technology and Ancor Fibre Channel solutions, call 800-342-7379 or access World Wide Web site ancor.com Forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 are qualified by the risk factors outlined in the documents Ancor Communications, Inc. files with the Securities and Exchange Commission. SOURCE Ancor Communications, Inc. /EDITOR'S NOTE: GigWorks(TM), ANCOR(TM) and the Ancor logo are the marks and property of Ancor Communications, Inc. ESCON, EMIF and FICON are trademarks or registered trademarks of International Business Machines Corporation. All other trademarks and product names are the property of their respective owners./ /CONTACT: Mary Miller of Ancor Communications, 612-932-4071, marym@ancor.com, or Aaron Pearson of Shandwick, 612-841-6217, apearson@shandwick.com/ /Web site: ancor.com