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Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?

To: trendmastr who wrote (1176)	4/22/1999 10:29:00 AM
From: trendmastr	Respond to of 4808

Data Storage Industry Experts See the Domination of Fibre Channel in High Growth Markets Eurologic-Hosted NAB Panel Includes Film and Video Leaders Seachange, Media 100, Avid Technology, Panasonic Broadcast, Tapehouse and IMC in Storage Discussion Before Standing Room Only Crowd LAS VEGAS, April 22 /PRNewswire/ -- Marking the third in a series of data storage panels, Eurologic Systems this week hosted "Will Fibre Channel Dominate? Will SCSI Survive? A Review of the Video and Broadcast Market," at NAB99. An attendee opinion survey indicates that more than 67% of the audience believe that Fibre Channel will dominate the market, but that the SCSI interface standard will survive. They believe that the decision to use one rather than the other is based on a number of criteria including the required performance, the media being utilized and economics. "Fibre Channel is inevitable," said industry journalist and panel moderator Gideon Summerfield. "However, users are comfortable and aware of SCSI. People are hearing more and more of the intangible benefits of SANs, but it is still a very complex area for end users." This panel marks the third time in six months that Eurologic has taken the initiative to foster an extensive industry dialog about the merits of these two prominent technologies. The panel included leading authorities on the use of storage in the video marketplace, who debated the strengths, weaknesses and benefits of Fibre Channel versus SCSI storage standards. The panel and audience agreed on the growing importance of storage as part of a complete video/broadcast solution. They also agreed that it's been difficult for vendors to understand which storage solution best meets their needs. This is due to the wide variety of interface technologies coupled with the specific requirements of applications ranging from non-linear editing to HDTV. Amir Rijavec from INCITE commented that "The diversity of approaches [in using different digital file formats and networks] needs to be simplified and standardized. This has already happened in the graphics industry and needs to happen in broadcast. Fibre Channel is a realistic solution today. Users need to consider the cost savings of being able to produce quickly -- not just at the capital cost of the equipment." "We're extremely pleased to have brought together some of the leading providers within the film and video market to discuss an issue that is becoming increasingly important," said Michael Stolz, Eurologic System's vice president of marketing. "As a leader in data storage solutions, Eurologic Systems has always focused on how to best meet customer's needs. In hosting panel discussions of this kind, we've been able to provide a unique forum for customers and vendors to discuss the merits and shortcomings of both Fibre Channel and SCSI interfaces. This is valuable information that helps them select the solution that best fits their business needs." Proven Trend in Growth of Storage Standards The NAB discussion is the third time that Eurologic has sponsored a panel on this subject. NAB was the first opportunity to discuss the topic in relation to a very specific market and the consensus echoed that of the first panel, which recognized the benefits of the two interfaces. The outcome of the first panel, which was held at Fall Comdex 98, was that neither standard is going to dominate, and that the choice of interface is dependent on the application. The second panel, held at CeBIT '99, agreed that in terms of functionality, Fibre Channel delivered more in terms of speed and connectivity than SCSI. NAB Panel members included were Branko Gerovac, vice president of technology research, Seachange; Bob Barnshaw, finish product line manager, Media 100; Rick Gillett, corporate fellow of Avid Technology; Phil Livingston, vice president, strategic technical liaison of Panasonic Broadcast; Ari Klingsman, manager of data services of Tapehouse; and Amir Rijavec, software project manager of IMC. Founded in 1988, Eurologic Systems is a worldwide developer and manufacturer of high availability, mission-critical data storage solutions. An ISO 9002 certified company, Eurologic has grown consistently, tripling its revenues since 1997. Eurologic has developed close working relationships with strategic partners -- data storage component manufacturers such as IBM and Seagate Technologies, and customers including Siemens and AGFA -- which have helped to shape its own and its partners' future products. Seagate recently named Eurologic its 1998 OEM of the Year for Europe and Asia. Eurologic can be found on the World Wide Web at www.eurologic.com. SOURCE Eurologic Systems /CONTACT: Emma Greene of Eurologic Systems, Inc., 978-266-9224, egreene@eurologic.com, or Lisa Weinzimer of Lois Paul & Partners of 781-238-5830, lisa_weinzimer@lpp.com/

To: trendmastr who wrote (1176)	4/22/1999 2:36:00 PM
From: trendmastr	Respond to of 4808

* Company Readies New Series of Enterprise and SAN-Capable Solutions SAN DIEGO California -- Overland Data (Nasdaq NMS: OVRL), a technology leader in data storage and backup products, today announced the formation of a new Storage Solutions Group within Overland that will spearhead the company's move into enterprise storage markets. The role of the Solutions Group is to assist resellers and customers by identifying emerging storage opportunities and develop products and partnerships that will enable Overland to rapidly enter those markets with seamless solutions that have been thoroughly tested and validated. The move is a continuation of Overland's commitment to deliver comprehensive storage solutions and follows the company's announcement late last year of an open Fibre Channel Connectivity Initiative, designed to speed the development of Storage Area Network-capable solutions built around Overland's award-winning DLT* libraries and autoloaders. As part of that initiative, Overland is testing and qualifying its storage automation hardware, including soon-to-be-announced enterprise tape libraries, with additional hardware and software components from top tier third-party solutions partners. These will include backup and storage management software vendors, storage and archiving software tools and utility vendors, and suppliers of Fibre Channel connectivity hardware for SAN applications. The SAN market will play a key role in Overland's new enterprise solutions strategy. "The creation of the Storage Solutions Group launches the next phase of Overland's transformation from a vendor of backup hardware into a developer of comprehensive enterprise storage solutions," said Scott McClendon, President and CEO of Overland Data. According to McClendon, Overland's move into the solutions arena is based on two trends: the increasing sophistication of network and enterprise storage architectures, and the desire among enduser customers to simply deploy storage solutions rather than having to develop and integrate various technologies. Overland is approaching the solutions market with a partnership approach, rather than trying to re-create all of the pieces internally, he said. "Our storage solutions program will combine Overland's expertise in creating world-class scalable automated storage solutions with other market-leading technologies from our selected storage software and hardware partners." "To eliminate the difficulties involved, cohesive storage solutions are becoming a mandatory requirement particularly in the Storage Area Network market, said Fara Yale, Chief Analyst at Dataquest. "It is important that the SAN solution be comprehensive and fully tested to avoid the complexities in meeting the high-end requirements of this emerging environment, thereby ensuring reliable, scalable and flexible solutions." According to Steve Richardson, Vice President Marketing at Overland, "The company's Storage Solutions Group is focusing on three key areas: enterprise-class automated storage products, Storage Area Networks and storage management tools. Overland will leverage its expertise in scalable storage automation solutions and incorporate the technology of third party hardware and software partners to provide customers with a new generation of seamless enterprise storage solutions," said Richardson. "By working closely with third-party partners, Overland will ensure that its customer base will have the freedom to choose from a range of hardware and software products rather than be locked into proprietary storage architectures," he said. A key to the Overland solutions strategy is to operate in a truly open system environment, giving customers the freedom to continue to operate on platform of choice, including UNIX, NT or Netware*, and supporting a broad range of ISV backup software, disk storage, and other solutions components. Overland's solutions will add new capabilities that complement the existing choice made by the customer and operate in their environment. Richardson said Overland will announce the first products to emerge from the Solutions Group next month at Networld+Interop, including new enterprise-class library products, and hardware and software partnerships for total SAN solutions. About Overland Overland is a global supplier of storage automation solutions and related technologies designed to meet and surpass the critical requirements of high-availability network computing environments, from entry level to the enterprise. The Company is a recognized leader in technology innovation for such achievements as the award-winning DLT LibraryXpress SmartScale Storage architecture that establishes new standards for intelligent automated storage and scalability, and the Variable Rate Randomizer (VR2) data encoding technology that can significantly increase the capacity and throughput of linear tape formats. Overland has also earned a worldwide reputation for unmatched product quality and innovative warranty programs such as the recently announced Guaranteed Up Time Service (GUTS) Program that dramatically reduce the total cost of ownership. The Company's award-winning products meet the critical needs of end users, distributors and OEMs in industries worldwide. Except for the factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties. The Company's actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include unexpected shortages of critical components, rescheduling or cancellation of customer orders, the timing and market acceptance of new product introductions by the Company and its competitors, and general competition and price pressures in the marketplace. Reference is also made to other factors set forth in the Company's filings with the Securities and Exchange Commission including the "Risk Factors", "Management's Discussion and Analysis" and other sections of the Company's Form 10-K for the most recently completed fiscal year.

To: trendmastr who wrote (1176)	4/22/1999 5:23:00 PM
From: trendmastr	Read Replies (1) \| Respond to of 4808

Emulex Reports Third-Quarter Results Business Editors & High-Tech Writers Revenues totaled $18.2 million, up 21% from the $15.0 million reported for the same quarter a year ago. Net income for the third quarter of fiscal 1999 amounted to $1.4 million, or $0.20 per share on a diluted basis, compared with a net loss of $12.8 million, or $2.08 per share, for the same quarter a year ago. Results for the third quarter of the prior fiscal year included unusual items, comprised of $1.9 million of incremental inventory reserves in cost of sales and $11.0 million of consolidation charges. Excluding these items, net income for the third quarter of fiscal 1998 would have been $137,000, or $0.02 per share on a diluted basis. "Third-quarter shipments of fibre channel host adapters and hubs rose 159% from a year ago," stated Paul F. Folino, president and chief executive officer. "In contrast, Emulex's traditional networking product sector, which is comprised of network access and printer servers, continued to mature and collectively declined 12% on a sequential basis. "This decline in our traditional networking product sector was offset by increased shipments in the company's LightPulse(TM) fibre channel product line, which expanded 44% sequentially and propelled sequential growth for total revenue to 16%. "As a result of these trends, fibre channel expanded to just over 62% of revenue in the third quarter, up from 50% of revenue in the second quarter. This fibre channel increase enabled Emulex to sequentially expand diluted earnings per share by 82%, from $0.11 to $0.20 per share, excluding unusual items." For the nine months ended March 1999, Emulex's revenues totaled $48.0 million, compared with $45.5 million reported a year ago. Including unusual charges detailed separately below, net income for the first nine months of fiscal 1999 amounted to $2.2 million, or $0.33 per share on a diluted basis, compared with a net loss of $11.0 million, or $1.80 per diluted share for the same period a year ago. Excluding those charges, net income would have been $2.5 million, or $0.37 per share on a diluted basis in the first nine months of fiscal 1999, compared with $1.7 million, or $0.26 per share on a diluted basis for the same period a year ago. Shortly after the close of the third quarter, Emulex announced that it had filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 2.1 million shares of common stock, of which 2 million shares will be offered by the company and 100,000 shares will be offered by a selling stockholder. Net proceeds from the offering will be used for working capital and general corporate purposes, including capital expenditures, expansion of sales and marketing and research and product development efforts.