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Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Switz who wrote (4162)	12/14/1998 6:58:00 PM
From: Starowl	Read Replies (2) \| Respond to of 5944

Note on the Chapparal acquisition of Adaptec's Storage Systems Division. It has been completed. Wonder the extent of Adaptec's "minority equity position." "LONGMONT, Colo.--(BUSINESS WIRE)--Dec. 14, 1998--Chaparral Technologies, a leading provider of storage networking solutions, today announced it has completed the acquisition of Adaptec's External Storage Systems Division in exchange for a minority equity position in Chaparral. As a result of the acquisition, Chaparral will receive certain technologies and assets for the development of External RAID Controllers, adding to its existing line of Enabler(tm) Storage Routers. "The continued relationship with Adaptec will enable Chaparral to capitalize on developed resources and technologies to ensure leading-edge products and solutions for the growing demands of the industry. Adaptec is excited about this relationship and the future possibilities for network storage," commented Tom Marmen, Adaptec Vice President and General Manager." Not much more to the article. Link is Business Wire, then search for Adaptec: businesswire.com Starowl