StorageWay appoints new president
Fremont, Calif.-based storage service provider (SSP) StorageWay, Inc., has appointed a new president and CEO. The company announced that J. Kim Fennell, who was most recently a senior executive of Lucent Technologies spin-off Avaya, is taking the reigns from Peter Shambora, StorageWay co-founder and current president and CEO. Shambora will become chairman while Fennell has also joined StorageWay's board of directors. At Lucent and Avaya, Fennell served as vice president, enterprise communications applications and had global responsibility for a $2 billion business unit focused on technology solutions that included customer relationship management (CRM), Internet protocol (IP) applications, and the messaging business (formerly Octel Communications, acquired by Lucent in 1997). Since StorageWay launched its service this summer, the company has deployed data centers at 14 co-location facilities and expects to be co-located in close to 30 sites worldwide by the end of the first quarter of 2001.StorageWay, Inc.
Tricord appoints new CEO
Tricord Systems, Inc., Minneapolis, MN, announced that President and COO Joan Wrabetz has been named to the position of Chief Executive Officer, succeeding co-CEOs John Mitcham and Rod Canion. The Company also reports that Yuval Almog, longstanding board member and the managing general partner of Coral Ventures, was elected to serve as Chairman of the Board. Mitcham will continue as an active member of Tricord's board. Wrabetz joined Tricord as President and COO in March of this year. She has extensive experience in data storage and networking, previously serving as vice president and general manager for storage area networking (SAN) operations at StorageTek, and prior to that, as vice president and chief technical officer for Tricord. Tricord designs develops and markets a line of server appliances that enable services ranging from data storage and content management to eCommerce.Tricord Systems, Inc.
SanDisk and Lexar settle patent disputes
SanDisk Corp. and Lexar Media, Inc., Sunnyvale, Calif., have reached a settlement agreement concerning the patent infringement actions and all other claims and counterclaims currently before the United States District Courts for the Northern District of California and the District of Delaware. In March 1998, SanDisk sued Lexar alleging that Lexar's CompactFlash and PC Cards infringe on a SanDisk patent. Lexar has stipulated that SanDisk's patent is valid and infringed by Lexar's current CompactFlash and PC Cards. Lexar has agreed to make a lump sum payment of $8 million for royalties due on the patent, through March 31, 2001. Under the settlement, Lexar has provided SanDisk with an option for a royalty-bearing license to its patents for use in certain future SanDisk products. SanDisk and Lexar have agreed to resolve any future disputes relating to the use by Lexar of the patent through binding arbitration.SanDisk Corp. Lexar Media, Inc.
Vixel adopts stockholder rights plan
Vixel Corp.'s Board of Directors approved the adoption of a Stockholder Rights Plan under which all stockholders of record as of December 15, 2000 will receive rights to purchase shares of a new series of Preferred Stock. The company said that the plan is designed to enable all Vixel's stockholders to realize the full value of their investment and to provide for fair and equal treatment for all stockholders in the event that an unsolicited attempt is made to acquire Vixel. The adoption of the Rights Plan is intended as a means to guard against abusive takeover tactics and is not in response to any particular proposal.Vixel Corp.
M-Systems invests in KeyNetica
KeyNetica Inc., a provider of portable personal identification tools and services has bagged a cool $1million in seed financing from M-Systems Flash Disk Pioneers Ltd., a maker of flash disk data storage products for the Internet appliance and network infrastructure markets. KeyNetica will develop value-added software for use with M-Systems' newly announced DiskOnKey technology. KeyNetica said the funding would allow the company to accelerate and achieve its strategic business and technology goals, and positions KeyNetica to significantly increase its internal product development and expand sales, marketing and business initiatives. M-Systems' DiskOnKey is a new, universal, portable, secured data storage device based on flash memory.KeyNetica Inc. M-Systems Flash Disk Pioneers Ltd.
Quantum looks to accelerate DLT production
In order to accelerate time-to-market for future products within its DLTtape tape drive product family, Quantum Corp.'s DLT and Storage Systems Group is planning to significantly expand its product design and new product introduction resources for the company's DLTtape Group in Colorado. Under the plan, Quantum will expand its existing product design group in Boulder by adding approximately 100 engineers and others in design-related functions over the next six months. Activities at the company's Boulder facility are presently focused on developing the family of Super DLTtape drives, which will include models that offer backward compatibility with most of the installed base of DLTtape drives. The facility currently employs approximately 50 people. In a phased approach over six months, Quantum will move more than 100 engineering, marketing and administrative positions relating to the DLTtape business to Colorado. There will be no changes to the company's integrated autoloader business unit, based in Colorado Springs, or the DLTtape branded business, located in Milpitas, Calif.Quantum Corp.
Tampa, Fla.-headquartered Stampede Worldwide, Inc., announced that it has earned the EMC Proven designation from EMC Corp. news that comes on the first anniversary of the EMC Proven Program. Stampede Worldwide, Inc., subsidiary company, Stampede Networks.com, Inc., is an Internet "Solutions Provider," providing Internet Solutions to customers incorporating high tech web development services with information technology (IT) and web development training, Stampede specializes in delivering web-enabled solutions tailored to their clients' mission profile and strategic business plan. The EMC Proven Program identifies Internet-based businesses that have invested in the best practices for enterprise storage and information infrastructure, and signifies that a company has implemented an IT infrastructure able to support the operational needs of an Internet-based business or service.Stampede Worldwide, Inc. EMC Corp. Got news? Send it to: Kevin Komiega, Assistant News Editor