Cambex Appoints Arthur W. Buckingham, Jr. and Arnold I. Lujan as Vice Presidents, Field Operations.Business/Technology Editors WALTHAM, Mass.--(BUSINESS WIRE)--March 31, 2000 Senior Sales Executives to Significantly Expand and Enhance Cambex's Direct and Indirect Sales Channels Cambex Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CBEX CBEX China Beijing Equity Exchange ), a leading supplier of Fibre Channel Storage Area Network (SAN) solutions, today named Arthur W. Buckingham, Jr. and Arnold I. Lujan as Vice Presidents, Field Operations. Buckingham and Lujan will be responsible for building and managing Cambex's sales organization and direct and indirect distribution channels in Eastern and Western North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , respectively. Buckingham joins Cambex with more than 25 years of sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a experience with StorageTek (Storage Technology Corp.) where his latest position was Vice President and General Manager, Central Region. Buckingham had P&L responsibility for the entire region and was able to build a sales and support team that had more than 400 people and generated in excess of $250 million in annual revenue. He also has held sales and management positions with Thomas Nationwide and Telex. Lujan joins Cambex from StorageTek with more than 20 years of sales management experience where he was most recently Area Director, Western Region. He has also held the position of Vice President and General Manager, Western Region for StorageTek with P&L responsibility for a sales and support organization of more than 350 people that generated in excess of $200 million in annual sales. Prior to StorageTek, he held management positions with Sunstrand Corp.. "I am extremely pleased that we could attract two renowned sales executives such as Art and Arnie to Cambex. Our product position in the Fibre Channel Storage Area Network space is very strong. With Art's and Arnie's knowledge and proven experience I am confident that we can build a sales organization that can efficiently and effectively distribute our SAN products to the IT marketplace," said Joseph F. Kruy, President and 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. of Cambex. Cambex, headquartered in Waltham, MA, is a leading designer and supplier of Fibre Channel hardware and software solutions for building Storage Area Networks. The Company's products include Fibre Channel host bus adapters, hubs, high availability software and disk arrays. The Company also supplies memory for 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) (NYSE NYSE See: New York Stock Exchange :IBM) enterprise servers. Cambex is a member of the Fibre Channel Industry Association, the Storage Networking Industry Association An association of producers and consumers of storage networking products, whose goal is to further storage networking technology and applications. The Storage Networking Industry Association, or SNIA , the FibreAlliance, and the HP Open SAN Initiative. Cambex can be reached at 781-890-6000, or on the World Wide Web at www.cambex.com. FibreQuik is a trademark of Cambex Corporation; other trademarks are the properties of their respective holders. Cambex - SAN Solutions for the Internet Age Forward looking statements are made in this release pursuant to the 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. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that all forward looking statements are subject to risks and uncertainties, including, without limitation, the timing of new announcements or product introductions by the Company and its competitors, the hiring and retention of key employees, competitive pricing pressures, dependence on third parties for components and products, general economic conditions in the United States and international markets, and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. |
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