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COMPUTER NETWORK TECHNOLOGY CORPORATION ANNOUNCES STOCK OFFERING

 MAPLE GROVE, Minn., Aug. 17 /PRNewswire/ -- Computer Network Technology Corporation (NASDAQ-NMS: CMNT) (CNT) today announced that it has filed a registration statement with the Securities and Exchange Commission to register for sale to the public 3,037,615 shares of its common stock, plus an over-allotment option of 455,642 shares. Of these shares, 537,615 shares are being offered by certain shareholders. The underwriters of the proposed offering are Piper Jaffray Inc. and Cowen & Company. CNT intends to use the proceeds for general corporate purposes, including additions to working capital, the continued development of products and services, expansion of facilities, and possible acquisitions of businesses, products, or technologies complementary to CNT's business.
 Computer Network Technology Corporation, a leader in the channel networking industry, develops, manufactures, and markets high-speed channel networking systems. These systems serve the data networking needs of many of the world's largest corporations by connecting high- performance computers, peripheral devices, and LAN-based networks in enterprise-wide backbone networks. CNT's common stock is traded on the NASDAQ National Market under the symbol CMNT.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 A copy of the preliminary prospectus relating to these securities may be obtained from Piper Jaffray Inc., Syndicate Dept., 222 South Ninth Street, Minneapolis, MN 55402 (telephone: 612-342-6220), and Cowen & Company, Financial Square, 28th Floor, New York, NY 10005 (telephone: 212-495-8923).
 -0- 8/17/93
 /CONTACT: John Brintnall of Computer Network Technology Corporation, 612-550-8110/
 (CMNT)


CO: Computer Network Technology Corporation ST: Minnesota IN: CNT SU: OFR

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KH -- MN002 -- 3395 08/17/93 08:37 EDT
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Publication:PR Newswire
Date:Aug 17, 1993
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