Adaptec Buys Toast Technology; Mac CD-R Technology Now Part of Adaptec Optical Storage Family.MILPITAS, Calif.--(BUSINESS WIRE)--Feb. 26, 1997--Adaptec, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADPT ADPT Automated Data Processing/Telecommunications ADPT Adaptec Corporation (stock symbol) ADPT Adaptive Prediction ADPT Auger Depth Profiling Technique ADPT Automated Data Processing Telecommunications ADPT Adapter ) has announced an agreement to purchase award-winning Toast technology for $7.5 million. Developed in Germany, Toast CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). Pro has become the world's de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, for MacIntosh-based CD-Recordable (CD-R (CD-Recordable) A writable CD technology using a type of compact disc that can be recorded, but not erased (CD-Rs are "write once" discs). CD-R discs are used to master CD-ROMs, to back up data and to make copies of data for distribution. ) software. Toast joins Adaptec's successful family of Windows-based CD-R software products CD-Creator and Easy CD-Pro. According to S. Sundaresh, Adaptec's vice-president marketing, "Adding Toast moves us closer to our goal of providing the world's undisputed best-of-class software for current and future optical technologies. We expect to leverage this great technology into additional optical storage solutions, including packet writing, audio mastering, and DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. ." Mac's enjoy special importance in the CD-R market because of CD-R's wide acceptance in graphics houses and the pre-press industry, traditional strongholds of that platform. Adaptec indicated that ownership of leading software programs on both Windows and Mac platforms clearly points the way toward cross-platform compatibility for CD-R users. Markus Fest, the original developer of Toast, added that, "The combination of our CD-Recording, audio mastering, and packet writing technology with Adaptec's leadership in optical storage software promises exciting new solutions for future optical peripherals." About Adaptec Adaptec provides bandwidth management technologies for organizations building the global information infrastructure. Its high performance I/O, connectivity, and network products are incorporated into the systems and products of major computer and peripheral manufacturers. Founded in 1981 and headquartered in Milpitas, Calif., Adaptec (NASDAQ:ADPT) employs 3000 people worldwide in design, manufacturing, sales, service and distribution. Adaptec's home page is http://www.adaptec.com . CONTACT: Adaptec, Inc. Tom Shea, 408/945-8600 (General Manager, Software Products Group) Bruce Frymire, 408/945-8600 (Director, Public Relations) Chris G. O'Meara, 408/945-8600 (Vice President and Treasurer) Paul G. Hansen, 408/945-8600 (Vice President, Finance and CFO See Chief Financial Officer. ) |
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