JNI Corporation Announces Intent to Implement Voluntary Stock Option Exchange Program.Business Editors SAN DIEGO--(BUSINESS WIRE)--Aug. 21, 2002 JNI (Java Native Interface) A programming interface (API) in Sun's Java Virtual Machine used for calling native platform elements such as GUI routines. RNI (Raw Native Interface) is the JNI counterpart in Microsoft's Java Virtual Machine. JNI - Java Native Interface (R) Corporation (Nasdaq:JNIC JNIC Joint National Integration Center ), today announced its intention to implement a voluntary stock option exchange program for all of its employees, excluding Executive Officers and Directors. JNI employees will have the opportunity to cancel previously granted options in exchange for new options to be granted on a specified future date in the first quarter of 2003. The exact number of new options for each participating employee will be determined on an individual employee basis based on job classification and performance. The exercise price of these new options will be set at the fair market value of the Company's common stock as of the new grant date. JNI expects to formally announce the program prior to the end of August 2002. About JNI Corporation JNI Corporation is one of the leading manufacturers of connectivity products for the enterprise data center. The company offers a broad line of products from its Fibre Channel, IO ASICs and IO Solutions business units, including Fibre Channel HBAs and ASICs, high availability storage networking software, as well as InfiniBand HCA HCA, n.pr See acid, hydroxycitric. Modules and related products for clustered server environments. JNI products run on a variety of operating systems, including Solaris, Windows 2000, Windows NT, Linux, HP-UX HP's version of Unix that runs on its 9000 family. It is based on SVID and incorporates features from BSD Unix along with several HP innovations. (operating system) HP-UX - The version of Unix running on Hewlett-Packard workstations. , AIX (Advanced Interactive eXecutive) IBM's Unix-based operating system which runs on its Intellistation workstations and pSeries, p5, iSeries and i5 server families. , Novell, and Mac OS systems. JNI customers, distributors and strategic partners include Acal FCS, Bell Microproducts, Brocade, Chaparral, Cisco Systems, Consan, EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , Hewlett-Packard, Hitachi Data Systems See HDS. , IBM, InfiniSwitch, Info X, LSI Logic, McDATA, Mellanox Technologies, Nishan Systems, StorageTek, Sun Microsystems, TidalWire and Veritas. Company headquarters is in San Diego, with offices throughout the world. www.jni.com. JNI -- enterprising solutions(TM) JNI, JNIC, and `enterprising solutions' are trademarks or registered trademarks of JNI Corp. All other trademarks are the property of their respective holders. --30--HB/la* JAP
CONTACT: JNI Corporation
Gloria Purdy, 858/523-7130
IR@jni.com
or
FRB/Weber Shandwick
Kristen McNally, 310/407-6548
kmcnally@webershandwick.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS TELECOMMUNICATIONS
SOURCE: JNI Corporation
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