ADVISORY/StorageTek CEO Speaks at 4th Annual Trans-Atlantic Business Dialogue.

--(BUSINESS WIRE)--

WHO:      StorageTek (Storage Technology Corp., NYSE:STK)
          Chairman, President and CEO David E. Weiss

WHERE:    4th Annual Trans-Atlantic Business Dialogue (TABD);
          Charlotte, North Carolina

WHEN:     November 6, 1998

WHAT:     StorageTek CEO David E. Weiss today chaired the TABD
          industry sector "Electronic, Electrical, Information
          Technology, Telecommunications Equipment (EETIS)"
          meeting to present industry concerns regarding a
          European draft regulatory proposal on Waste from
          Electrical and Electronic Equipment to U.S. and EU
          Government officials.

          Mr. Weiss led the industry panel consisting of U.S. and
          European CEOs, including companies such as Bell
          Atlantic, Whirlpool, Ericsson, Deutsche Telecom, US
          West, Nokia, France Telecom, and Qualcomm, in a
          discussion on proposed revisions to the waste directive
          that will continue to support the overall regulatory
          goals of protecting the environment as well as fulfill
          important EETIS industry design standards and
          manufacturing processes.

          The goal of the EETIS is to propose collaborative
          recommendations that will enable industry to comply
          with standards on material content restrictions, design
          specifications, waste disposal at the products end-of
          life, use of recyclable materials in new products, and
          disposal fees and continue to compete in the business
          environment.

          The TABD was established in 1994 by U.S. and European
          CEOs with the goal of working closely with government
          to reduce barriers to the movement of goods, services,
          and capital between the two markets.  The TABD's
          objective is to identify common investment issues and
          proposed solutions that represent a consensus among
          high-level government and industry officials.  Since
          its formation, the TABD has been extremely successful
          in getting attention on key issues and ultimately
          moving the issues towards resolution.

StorageTek is the preeminent provider of network storage. The company's products and services are used to store, transport and secure more than 100 petabytes of the world's information, ranging from mainframes data to client/server applications to video, audio and still images. The company, based in Louisville, Colo., reported earnings of $232 million on revenue of $2.1 billion in 1997. Information on StorageTek is available on the World Wide Web at http://www.storagetek.com or phone StorageTek at (1-800-STORTEK).