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BUSINESS
December 3, 1991 | DEAN TAKAHASHI, TIMES STAFF WRITER
Micro Technology Inc. said Monday that it has agreed to acquire a small Silicon Valley company in an effort to expand and diversify its business. Micro Technology said it plans to acquire SF2 Corp. of Sunnyvale for an undisclosed price. The deal is expected to close within a month. SF2 is about to bring to market a line of computer storage products known as RAID 5/6 disk arrays, which store data on networks of computers.
BUSINESS
December 3, 1991 | DEAN TAKAHASHI, TIMES STAFF WRITER
Micro Technology Inc. said Monday that it has agreed to acquire a small Silicon Valley company in an effort to expand and diversify its business. Micro Technology said it plans to acquire SF2 Corp. of Sunnyvale for an undisclosed price. The deal is expected to close within a month. SF2 is about to bring to market a line of computer storage products known as RAID 5/6 disk arrays, which store data on networks of computers.
BUSINESS
March 24, 1992 | Dean Takahashi Times staff writer
Micro Technology Inc., a maker of computer storage equipment and software for managing computer networks, plans to hire about 115 employees during 1992, the company's president said last week. Steve Hamerslag said the Anaheim company currently employs 535 people and needs to expand the work force to keep up with the growth of its businesses, particularly in the company's Lexcel division based in Fullerton. Lexcel recently began shipping Lance 3.
BUSINESS
December 8, 1992 | DEAN TAKAHASHI, TIMES STAFF WRITER
Micro Technology Inc. has settled litigation and a highly publicized grudge match with computer giant Digital Equipment Corp., the companies said Monday. Under the settlement, Micro Technology, based in Anaheim, and Digital, a Massachusetts company with annual revenue of nearly $14 billion, agreed to drop lawsuits against each other and share some patented technology with each other.
BUSINESS
February 15, 1994 | DEAN TAKAHASHI, TIMES STAFF WRITER
MTI Technology Corp., a maker of computer storage equipment, said it plans to raise $40 million to $48 million by selling stock to the public. In a filing last week with the Securities and Exchange Commission, the company said it plans to use the money from the initial public offering to pay off as much as $23 million in bank debt. The rest would be used for working capital and general corporate purposes, including research and development and potential acquisitions.
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