ADIC Names Pete Higgins as New Board Member.Business Editors REDMOND, Wash.--(BUSINESS WIRE)--Jan. 15, 2003 Advanced Digital Information Corporation (Nasdaq:ADIC) today announced that its Board of Directors has named Pete Higgins as a member, filling the vacancy resulting from the resignation of Dr. Richard L. McCormick. Mr. Higgins' term began immediately, and he will stand for election at the upcoming annual shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. on March 11, 2003. Mr. Higgins is currently a partner at Second Avenue Partners, a Seattle-based venture capital firm that he co-founded in 2000. In 1999, Mr. Higgins ended his 16-year career with Microsoft Corporation where he was a member of the Office of the President, reporting to CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Bill Gates. He played an instrumental role in the management of the Excel and Office business lines, and was group vice president of the Interactive Media Group from 1996 to 1998. His responsibilities included Microsoft's online and consumer software businesses, including MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). , MSNBC MSNBC Microsoft/National Broadcasting Company , Expedia, Carpoint, Slate, Internet Gaming Zone, Encarta, multimedia games, desktop finance products and hardware products such as the Microsoft Mouse. Higgins serves as a director of several private companies, as well as the Seattle Aquarium. He is also a strategic director in the venture capital group, Madrona Investment Group, L.L.C. Mr. Higgins is a past board member of the Washington Software Association and the Software Publishers Association. He is currently a Trustee of Stanford University where he holds a B.A. and an M.B.A. About ADIC Advanced Digital Information Corporation (Nasdaq:ADIC) is a leading provider of Intelligent Storage(TM) solutions to the open systems marketplace. ADIC(R) is the world's largest supplier of automated tape systems using the drive technologies most often employed for backing up open system, client-server networks.(a) The Company's data management software and storage networking appliances provide IT managers innovative tools for storing, managing and protecting their most valuable digital assets. ADIC storage products are available through a worldwide sales force and a global network of resellers and OEMs, including Dell, Fujitsu-Siemens, Hewlett-Packard, 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) , and Sun. For more information, visit www.adic.com (a) Market share from IDC 2001 worldwide revenue and unit market share data for all automated systems using DLT (Digital Linear Tape) A magnetic tape technology originally developed by Digital for its VAX line. The technology was later sold to Quantum, which makes it available to other manufacturers. DLT uses half-inch, single-hub cartridges similar to IBM's 3480/3490/3590 line. , SDLT (Super DLT) See DLT. , LTO (Linear Tape Open) A family of open magnetic tape standards developed by HP, IBM and Quantum (formerly the Certance subsidiary of Seagate) that are licensed to third-party vendors. LTO cartridges contain a memory that stores historical usage data. , 8mm or AIT drives and Gartner/Dataquest, 2002 Market Shares and Forecasts for Tape Automation Systems, F. Yale, August 2002. Note to Editors: ADIC is a registered trademark and Intelligent Storage is a trademark of Advanced Digital Information Corporation. All other trademarks are the property of their respective owners. All other trade or service marks mentioned in this release should be considered the property of their respective owners. |
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