To: Stephen W. Leahy who wrote (3814 ) 11/16/1998 12:54:00 AM From: Gus Respond to of 17679
"In October 1998, the Company received a memorandum of understanding for the purchase, subject to the exercise of certain customer options, of up to an estimated $18.4 million of DST double density and quadruple density storage systems for a governmentprogram on which the Company had previously submitted proposals. Separately, also in October 1998, the Company received a letter of intent relating primarily to the purchase of several of the Companys recently introduced DST 712 automated tape libraries for approximately $7.2 million for another government program. In both cases, deliveries would occur during the period 1999-2001. It looks like AXC is finally establishing more than a foothold for DST in the federal systems business. Tiny AXC could make a really nice living by feeding its DSTs to meet the DOD's insatiable demand for storage. Surely, if the government can give the likes of Seagate, Storagetek, HWP, and Imation matching funds (about $15 mil) to finance basic research into the core linear recording technology that is going to show up in LTO, the least the government can do is buy more high quality stuff from the company that invented the VCR -- a company that is currently one of the dwindling number of domestic manufacturers with the capability to make helical scan recorders.Nets to drive rise in DOD electronics spending eetimes.com ... The money will be used in part to create a network that would let U.S. armed forces share voice, video and data in real-time in order to gain what the Pentagon calls "information superiority" over an enemy in wartime. Spending for electronics hardware and software is projected to climb from $57.6 billion in fiscal 1999 to $61.7 billion in FY 2008. Overall Department of Defense appropriations in that same period will decline 3 percent, from $261 billion to $253 billion....