ADIC Makes Fortune 100 Fastest Growing Companies List; Highlights Three-Year Growth in Revenue, Profits, and ROI.Business Editors, High-Tech Writers REDMOND, Wash.--(BUSINESS WIRE)--Aug. 29, 2000 Advanced Digital Information Corporation (Nasdaq:ADIC) announced today that it has been named to Fortune Magazine's list of the 100 Fastest-Growing Companies in America. ADIC(R), a leading supplier of storage management solutions for computer networks, posted three years of 32% annual earnings-per-share growth, 52% annual revenue growth, and 58% annual total stock-market return to make this year's roster of the economy's "speed racers." "Like a Manhattan closet designer, ADIC helps companies automatically store massive amounts of computer data in a small space, mainly on tape" noted Fortune editors. "Tape storage stocks got punched this spring, but sales of new products seem strong." Other leading technology companies making this year's Fortune "Fastest Growing" list include Dell Computer, EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , Network Appliance (1) A specialized device for use on a network. For example, Web servers, cache servers and file servers can be implemented as general-purpose computers with the appropriate software or as network appliances, which are computers dedicated to a single function and cannot do anything , Qualcom, and Siebel Systems Siebel is a brand name of Oracle Corporation. Siebel Systems, Inc., founded by Thomas Siebel in 1993, was principally engaged in the design, development, marketing and support of CRM applications. . "ADIC is growing along with the explosive demand for data storage, driven by unprecedented growth in Internet traffic Internet traffic is the flow of data around the Internet. It includes web traffic, which is the amount of that data that is related to the World Wide Web, along with the traffic from other major uses of the Internet, such as electronic mail and peer-to-peer networks. and e-commerce, and the digitization of everything from bank records to photography to broadcasting," noted Charles H. Stonecipher, ADIC president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "I think ADIC's success stems from our ability to create innovative products that help companies stay in front of their data needs. We're committed to offering the widest range of automated storage libraries and the broadest support for new technology, which we combine with specialized storage management software to create solutions that include both Network Attached Storage (NAS (1) See network access server. (2) (Network Attached Storage) A specialized file server that connects to the network. A NAS device contains a slimmed-down operating system and a file system and processes only I/O requests by supporting the popular ) and Storage Area Network (SAN) productivity tools. This is a great time to be a storage company." About ADIC With an installed base of more than 65,000 automated libraries, innovative storage management software, Fibre Channel Storage Area Network (SAN) solutions, and Network Attach Storage (NAS) appliances, ADIC is a leading device-independent storage solutions provider to the open systems marketplace. The Company offers a broad range of products designed to enhance organizations' ability to store, protect, manage and use their rapidly growing network data. ADIC's automated storage products are available through a worldwide sales force and a global network of resellers and OEMs, including Dell, Fujitsu Siemens (Fujitsu Siemens Computers, Inc. (USA), Milpitas, CA, www.fujitsu-siemens.com) Fujitsu Siemens Computers USA is a wholly owned research and development subsidiary of Fujitsu Siemens Computers. and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . Further information is available at http://www.adic.com. ADIC is a registered trademark of Advanced Digital Information Corporation. All other trade or service marks mentioned in this release should be considered the property of their respective owners. |
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