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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (16848)	6/3/1999 9:07:00 AM
From: Nine_USA	Read Replies (1) \| Respond to of 64865

Ancor Signs OEM Agreement to Provide Fibre Channel Switches to Sun Microsystems Number One UNIX Storage Provider Chooses Ancor to Grow Storage Networks MINNEAPOLIS, June 3 /PRNewswire/ -- Ancor Communications Inc. (Nasdaq: ANCR) today announced an original equipment manufacturer (OEM) agreement to provide its Fibre Channel 8-port switches for Sun Microsystems' StorEdge(TM) arrays. "Our customers' storage requirements are doubling every nine to 12 months and require a switched SAN solution that can scale with their growth," said Kathleen Holmgren, vice president of business operations for Sun Network Storage. "We chose Ancor because of its superior ability to scale and meet our customers' current and future interconnect requirements." "Sun's leadership position in the Fibre Channel storage market makes this win especially significant as it endorses our current price/performance as well as our future technology direction," said Cal Nelson, Ancor's president. "In addition, our continued participation with Sun on the Project StoreX storage management initiative will ensure we can jointly deliver the best open platforms for our customers." "In revenue terms, Sun was the leading supplier of UNIX disk storage systems in 1998," according to Robert Gray, industry analyst for International Data Corporation. "This is an important win for Ancor, as Sun is also a pioneering supplier of Fibre Channel-based storage and currently one of the leading providers of Fibre technology." As part of the agreement, Ancor has issued Sun Microsystems a warrant to purchase up to 1,500,000 shares of Ancor common stock at a purchase price of $7.30 per share. Vesting of the warrant occurs at the rate of one share for each $67 of revenue received from Sun. Sun was first to introduce Fibre Channel to the industry in 1995. Subsequently, the introduction of Sun's StorEdge A5x00 second generation of Fibre Channel products in November 1997 has propelled the company to its position as number one UNIX storage vendor. More than 3 PetaBytes (PB) of these advanced storage systems, offering a full Fibre solution from the host through the drive, have been shipped to date. The family of products is available for both the Solaris(TM) and Windows NT(TM) operating systems. About Ancor Fibre Channel Switches Ancor's Fibre Channel switches are reliable, highly scalable devices that link multiple servers and storage devices in storage area networks. Ancor's leading chip technology supports exclusive features such as hard zoning for superior data security and cross-connected configurations that enable SANs to grow while maintaining high performance and storage network reliability. Ancor switches are available in both eight and 16-port configurations and are sold to OEMs and select distributors. About Ancor Communications Ancor Communications, Inc. provides GigWorks(TM) high-performance Fibre Channel switches for storage and data-intensive network solutions, including storage area networks (SANs). 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 Networking Industry Alliance, the Fibre Channel Community, 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 . About Sun Microsystems, Inc. Since its inception in 1982, a singular vision, "The Network Is The Computer(TM)," has propelled Sun Microsystems, Inc. (Nasdaq: SUNW), to its position as a leading provider of high quality hardware, software and services for establishing enterprise-wide Intranets and expanding the power of the Internet. With more than $11 billion in annual revenues, Sun can be found in more than 150 countries and on the World Wide Web at sun.com . NOTE: GigWorks(TM), ANCOR(TM) and the Ancor logo are the marks and property of Ancor Communications, Inc. Sun, Sun Microsystems, the Sun logo, Sun StorEdge, and "The Network is the Computer" are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. For more information about Fibre Channel technology and Ancor Fibre Channel solutions, call 800-342-7379 or access World Wide Web site ancor.com . Media, contact Mary Miller, Ancor, at 612-932-4071 or marym@ancor.com or Aaron Pearson, Shandwick, at 612-841-6217 or apearson@shandwick.com.

To: Haim R. Branisteanu who wrote (16848)	6/3/1999 11:38:00 AM
From: Alok Sinha	Read Replies (2) \| Respond to of 64865

I am kicking myself for missing the opportunity to close out my covered calls yesterday. (Well did bail out of the puts for quick profit). How do you see the action between now and Friday. I did sell the 60 calls for 2 3/4 , and if the stock trades in the 57-59 range, I bet the premium will drop after the weekend. With the high level of interest rates, I don't see any sustained rally till the last week of June when earnings start matter). Regards Alok