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Technology Stocks : SNDT - Sand Technology - A diamond in the sand -- Ignore unavailable to you. Want to Upgrade?

To: DeeDee M who wrote (914)	11/5/1998 1:57:00 PM
From: let	Respond to of 1200

Sand Technology Systems Affiliate,Hitachi Data Systems Canada, Declares a $2,000,000 Dividend November 5, 1998 08:53 AM MONTREAL--(BUSINESS WIRE)--Nov. 5, 1998--SAND TECHNOLOGY SNDCF SAND TECHNOLOGY SYSTEMS INTERNATIONAL INC. SNDCF today announced that its 40 percent owned affiliate Hitachi Data Systems Inc. had for the second time in the past twelve months declared a dividend to its shareholders. The most recent dividend, payable in October 1998, totalled $2 Million. The share of Sand amounts to $800,000. Arthur Ritchie, President and Chief Executive Officer of Sand, said that Hitachi Data Systems Canada had continued to perform very well through fiscal 1998 and the first half of fiscal 1999. Sales of mainframes are picking up again in Canada, after several years of low market activity. Even more important was the very strong resurgence of Enterprise Storage sales as Hitachi has again become the market leader in terms of product functionality and excellence. Mr. Ritchie concluded by saying that this injection of funds into Sand "would be used to fuel the growth of the Nucleus Series of products and for the acquisition of related technologies." SAND TECHNOLOGY SYSTEMS INTERNATIONAL (www.sandtechnology.com) develops new technology such as the Nucleus Series and markets through its 40 percent owned affiliate Hitachi Data Systems Inc. complete large-scale IBM compatible computer systems and sophisticated information systems. Nucleus is a registered trademark and Nucleus Server, Nucleus Exploration Mart and Nucleus Exploration Warehouse are trademarks of Sand Technology Systems International Inc. Other trademarks are the property of their respective owners.