"C3D" extends first stage financing, board of directors
Constellation 3D, Inc. who will also answer to "C3D" or the "Company," has expanded its previously announced first stage financing by increasing the amount of its equity financing from $5 million to $12 million.
In addition to the $12 million private placement, debt holders converted another $2.9 million in debt to common stock under the same terms and conditions as the private placement. The C3D also received a $6 million line of credit to bring this first stage financing to a total of $20.9 million.
In addition to the financings, C3D announced today the expansion of its board of directors by three members and the resignation of one member. Joining the board are Joseph Shefet, Esq., Stuart N. Garawitz and Val Mandel, Esq.
C3D develops data storage products including high capacity, multi-layer FMD discs and ClearCard.
Rambus sues Infineon for patent infringement
Rambus Inc. has filed another in a long line of lawsuits in the District Court in Mannheim, Germany against Infineon Technologies AG for patent infringement. Rambus is seeking injunctions to halt the sale, manufacture and use of Infineon SDRAM and DDR SDRAM memory devices that infringe the Rambus intellectual property protected by Rambus' European Patent EP 525 068. Trial has been set in Mannheim for December.
Rambus had also filed suit in the Eastern District Court in Virginia against Infineon for willful patent infringement. The patents in suit, stem from Rambus' original 1990 disclosure and cover fundamental aspects of high-speed memory invented by Rambus which are currently being implemented in SDRAM and DDR SDRAM. www.rambus.com
Colt Telecom and StorageNetworks enter service partnership
Bandwidth and Internet services provider, Colt Telecom Group plc, and storage services provider (SSP) StorageNetworks, Inc., have paired up in a service partnership through which Colt and StorageNetworks are collaborating to market and sell managed storage services.
The two companies will co-market StorageNetworks' services to Colt's established customer base as well as potential new customers. StorageNetworks is the only co-branded Managed Storage Service offered by Colt.
Another bonus for StorageNetworks is the expansion its Global Data Storage Network (GDSN). By the end of 2000, Colt/StorageNetworks Managed Storage Services will be available in London, Frankfurt, Amsterdam, and Paris. www.colt-telecom.com www.storagenetworks.com
StorageNetworks joins Cisco Systems Content Alliance
StorageNetworks, made another strategic move by joining the Cisco Systems Content Alliance, a group of service providers, content owners and other vendors formed to accelerate the development and industry acceptance of content networking services.
"This alliance, led by Cisco and joined by other industry leaders, is a major step forward in designing and building the network infrastructure necessary for advanced content distribution," said Peter Bell, co-founder, chairman and CEO of StorageNetworks.
Dot Hill announces enhanced support for HP- UX platform; resells in Korea
Dot Hill Systems Corp. has enhanced support within its product line for the HP-UX platform.
Customers with HP-UX based systems can now SANnet storage products and solutions. The enhancements include full HP-UX support in its newly released suite of storage management software utilities, SANpath 3.1 and SANscape 2.3. www.dothill.com www.storagenetworks.comE-mail your storage news to: Kevin Komiega, assistant news editor