Adaptec Extends E-Commerce Presence to Europe.Business/High-Tech Editors MILPITAS, Calif.--(BUSINESS WIRE)--Feb. 29, 2000 Building on the success of its U.S. online store, 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 ) today announced that it has extended its e-commerce initiatives to Europe, offering localized content, currencies, products and services. The European sites sell Adaptec hardware and software solutions direct to businesses and consumers, and provide the means for faster product fulfillment in this important region. The European online store is currently ready to support business in Spain, France, Germany, Italy and the United Kingdom. Near-term future plans for worldwide online stores include sites configured con·fig·ure tr.v. con·fig·ured, con·fig·ur·ing, con·fig·ures To design, arrange, set up, or shape with a view to specific applications or uses: to do business in Sweden and The Netherlands, as well as within the Asia/Pacific and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. regions. Adaptec's global e-commerce expansion reflects the company's extensive international sales and distribution reach. New Online Store Offers Flexibility, Security, Speed and Convenience Through the European online store, consumers can buy Adaptec products using the currency of their choice and can expect to receive their purchases within 48 hours -- half the time that it used to take to ship to Europe from Adaptec's U.S. online store. The new virtual store includes all Adaptec products available through the standard channel, both software and hardware. This online commerce destination features an improved customer interface, and secure online transaction processing See transaction processing and OLCP. with extensive fraud checking. Local fulfilment centers enable lower fulfilment costs, resulting in lower shipping prices. Adaptec's Successful E-Commerce Strategy Complements Strong European Presence In the third quarter of 2000, European sales accounted for 32 percent of Adaptec's gross revenue, up from 26 percent in the previous quarter. Revenues from Adaptec's U.S. online store have experienced almost 60 percent average annual growth and a 147 percent increase between the third quarter of 2000 and that of the previous year. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
"By launching a Europe-focused e-commerce site, Adaptec is prepared to take full advantage of the remarkable opportunities for our products and services in that area," said Joan Konsdorf, vice president of customer services and support at Adaptec. "While presently successful in Europe through conventional sales channels, Adaptec's market-leading products now have a new means of penetration within this expanding region for information technologies." The web addresses for the current European Adaptec online stores are: UK: http://www.adaptecstore.com/uk Germany: http://www.adaptecstore.com/de France: http://www.adaptecstore.com/fr Spain: http://www.adaptecstore.com/es Italy: http://www.adaptecstore.com/it Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding future events or the future performance of the company. These forward-looking statements are subject to risks and uncertainties and actual results could differ materially from these projections due to various factors including, but not limited to, the risks associated with alliances, new product introductions by competitors, rapidly changing product preferences by customers, and general economic conditions. About Adaptec Adaptec makes products and solutions that move, transfer, manage, and protect valuable data that is the heart of Internet and e-business computing computing - computer . Adaptec's hardware and software products are found in high-performance servers and workstations from the world's leading manufacturers, and are sold through distribution channels to enterprises, medium and small businesses, and consumers. With a range of host I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output. I/O - Input/Output , RAID, and CD recording software products, Adaptec is a market leader in storage and digital content solutions, and a powerful enabler of today's information age. Adaptec is an S&P 500 and a NASDAQ 100 member. More information is available at http://www.adaptec.com. |
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