To: DownSouth who wrote (2445 ) 6/3/1999 10:30:00 AM From: gdichaz Read Replies (1) | Respond to of 54805
DownSouth: Still curious whether Sun is a storage player. Is this news at all relevant to storage discussion? 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. Chaz too