Crossroads Joins Intel e-Business Affiliate Program; Crossroads and Other Industry Leaders Help Companies Succeed in e-Business.Business Editors & High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--Aug. 1, 2000 Crossroads Systems Inc. (Nasdaq:CRDS CRDS Contribution pour Le Remboursement de la Dette Sociale (French: Social Debt Repayment Contribution) CRDS Cavity Ring-Down Spectroscopy CRDS Community Rehabilitation and Disability Studies ), the leading developer and manufacturer of Fibre Channel storage routers See data mover. , today announced its participation in the Intel e-Business Affiliate Program. Crossroads, along with top e-Business solution providers and software vendors, will participate in the program's Solution Community that aims to assist companies put their business online. In January 2000, the Intel e-Business Center launched the Solutions Community and the affiliate program as a service to customers. This community can be found on Intel's e-Business Web site (www.intel.com/eBusiness) within the Industry Insights section and showcases a variety of third party e-Business companies and solutions that can directly help to enable e-Business. The Solutions Community will provide a link to Crossroads' affiliate site where users can learn more about Crossroads' services and products that enable key Intranet, Internet and e-commerce applications. "To help companies succeed in e-Business, they need to stay abreast of the latest trends and products associated with this fast-moving industry," said Brian R. Smith, 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 Crossroads Systems. "Intel's Solution Community gives companies access to e-Business experts and we are delighted to further our working relationship with Intel through our participation in the affiliate program." About Crossroads' Storage Routers Crossroads' family of storage routers provide the enterprise, from small and medium to Global 2000 companies, multi-protocol connectivity to Fibre Channel Storage Area Networks. Crossroads products provide exclusive bi-directional SAN connectivity between a wide range of devices, including S/390 mainframes, disk and tape systems, and servers. About Crossroads Systems Inc. Headquartered in Austin, Texas, Crossroads Systems (Nasdaq:CRDS), is the leading provider of enterprise data center routing solutions for open system Storage Area Networks including S/390 connections. Crossroads' solutions enable key Internet, Intranet and e-commerce applications. By using Crossroads, customers can more effectively and efficiently store, manage and ensure the integrity and availability of their data in the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . Crossroads' products are in solutions from ADIC, Compaq, Dell, Fujitsu-Siemens, Hewlett-Packard, Hitachi Data Systems See HDS. , 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) , McDATA, StorageTek, Bell Micro, Cranel, Datalink, and Tech Data. Employment opportunities of a lifetime and more information about Crossroads Systems are at www.crossroads.com or call 800/643-7148. This release may contain 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. that involve risks and uncertainties. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: Crossroads' limited operating history which makes it difficult to accurately predict revenues and budget for expenses for future periods; the extent of Crossroads' future operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. and negative cash flow; the impact on Crossroads' result on operations due to changes in the Securities and Exchange Commission's accounting standards, including the implementation of SAB SAB Spontaneous abortion. See Abortion. 101, with respect to revenue recognition; the dependence of Crossroads' business on the storage area network market which is new and unpredictable; Crossroads' ability to develop new and enhanced products that achieve market acceptance; the continuation of Crossroads' successful relationships with its limited number of OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers; Crossroads' ability to retain and recruit key personnel to manage its business successfully; the quarterly fluctuations of Crossroads' operating results; Crossroads' ability to successfully achieve the benefits of the acquisition of Polaris Communications and any subsequent acquisition or strategic relationship; and that Crossroads' stock price could be volatile regardless of Crossroads' actual financial performance and other factors detailed in Crossroads' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Report on 10-Q. |
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