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TRICORD SYSTEMS, INC. ADDS HENLEY, ORACLE'S CFO TO ITS BOARD

 MINNEAPOLIS, June 15 /PRNewswire/ -- Tricord Systems, Inc. (NASDAQ: TRCD), a leading supplier of network superservers, today announced that Jeffrey O. Henley, the executive vice president and chief financial officer of Oracle Corporation, has joined Tricord's board.
 "Jeff Henley's extensive background in senior financial management positions provides Tricord with valuable experience as we continue to expand our leadership in the superserver market," said James Edwards, Tricord's president and CEO.
 Prior to joining Oracle as its executive VP and CFO, Henley served as executive VP and CFO at Pacific Holding Company, a diversified manufacturing and real estate company. Previously, Henley served as executive VP and CFO at Saga Corporation, a leading food service company, as director of finance at the large storage division of Memorex Corporation, and as controller of international operations at Fairchild Camera and Instruments.
 Henley holds a bachelor's degree in economics from the University of California at Santa Barbara and an MBA in finance from UCLA.
 Tricord Systems is a leading supplier of high performance enterprise servers for local-area, wide-area and enterprise wide networks of personal computers and workstations. Tricord's PowerFrame enterprise servers are used in all applications of networking, with major market penetration in the three fastest growing application areas ... LAN consolidation, application downsizing and Client/Server applications. Tricord competes in the network superserver market, the fastest growing segment of the overall networking product market. After completing its initial public offering in mid-March of this year, Tricord reported record revenues and net income for its first quarter as a public company. First quarter revenues were $13,651,000 up 111 percent from the first quarter of 1992, and net income of $846,000 was 20 percent higher than the fourth quarter of 1992.
 -0- 6/15/93
 /CONTACT: Joanne Mathias or John Rotter, 612-557-9005, both of Tricord Systems/
 (TRCD)


CO: Tricord Systems, Inc. ST: Minnesota IN: CPR SU: PER

AL -- MN006 -- 2026 06/15/93 10:22 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
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