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BUSINESS
August 6, 1991 | From Times Staff and Wire Reports
Storage Tech Buying XL-Datacomp: Storage Technology Corp. of Louisville, Colo., is buying XL-Datacomp Inc., a Hinsdale, Ill., distributor of mid-range computers, in a $160-million agreement. Completion is subject to approval by stockholders of XL-Datacomp. Under the transaction, each share of XL-Datacomp common stock will be exchanged for 0.2675 of a share of StorageTek common stock.
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BUSINESS
June 3, 2005 | Joseph Menn, Times Staff Writer
Sun Microsystems Inc. said Thursday that it would buy another fallen tech star, Storage Technology Corp., for $4.1 billion, spending most of its cash hoard in a defensive move to join with a slow-growing but profitable ally. The step reflects what Sun Chief Executive Scott McNealy said was a determination by the big computer maker to be a buyer -- rather than a target or bystander -- as the technology industry consolidates.
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BUSINESS
May 12, 1992 | From Times Staff and Wire Reports
StorageTek, HP Strike Deal: Storage Technology Corp. and Hewlett-Packard Co. announced plans for joint marketing of some products. The companies said the agreement will help them control the costs of integrating StorageTek's peripheral products into HP's business systems and servers. The agreement involves StorageTek's 4220 and 4280 information storage retrieval products and HP's PA-RISC-based 3000 and 9000 business systems and servers.
BUSINESS
October 10, 2000 | Times Wire Services
Will the earnings warnings ever stop? Another batch of tech companies joined the chorus Monday. Among them: * Mainframe software maker Compuware Corp. (CPWR) said it expects earnings in the range of 4 to 6 cents a share for the quarter, compared with 28 cents a share in the year-earlier period.
BUSINESS
June 29, 1997
Odetics Inc. said a federal appeals court ruled in its favor in a patent suit against Storage Technology Corp. Odetics said Friday the appeals court overturned a lower court's decision that its patents for library pass-through ports were not infringed by Storage Technology, based in Louisville, Colo. The appeals court remanded the case for consideration of infringement, Odetics said.
BUSINESS
April 7, 1993
Odetics, a company that makes computer information retrieval systems, said Tuesday that it had signed a deal to supply the XL/Datacomp division of Storage Technology Corp. with automated tape library subsystems. The value of the deal was not disclosed. Odetics, based in Anaheim, signed a multi-year agreement with XL/Datacomp in Hinsdale, Ill. The automated tape library subsystem works like a jukebox, using a robotic arm to retrieve tapes and put them on the drives inside the machine.
BUSINESS
October 10, 2000 | Times Wire Services
Will the earnings warnings ever stop? Another batch of tech companies joined the chorus Monday. Among them: * Mainframe software maker Compuware Corp. (CPWR) said it expects earnings in the range of 4 to 6 cents a share for the quarter, compared with 28 cents a share in the year-earlier period.
BUSINESS
June 10, 1998 | Bloomberg News
Odetics Inc. stock hit a 52-week high Tuesday after the Anaheim company said a federal judge barred rival Storage Technology Corp. from selling computer data-storage systems that infringe on Odetics' patents. Shares of the maker of communications, security and computer data-storage equipment surged to $17.13, their highest level in the last year, before retreating to close at $16.75, up $2.75, or nearly 20%. Nearly 1.
BUSINESS
July 8, 1999 | From Times Staff and Wire Reports
Odetics Inc. is to receive $70.6 million in damages from a rival seller of data-storage equipment after a federal appeals court reinstated a jury's award in a patent dispute. A jury last year found that Storage Technology Corp. of Louisville, Colo., the No. 1 maker of corporate computer tape-storage systems, infringed an Odetics patent related to data storage in network computing. The verdict was reversed by a federal judge in Virginia, but a higher court reinstated the award Tuesday.
BUSINESS
August 4, 1998 | From Bloomberg News
A federal judge in Virginia has thrown out a $70.6-million jury award to Odetics Inc. in a patent infringement lawsuit, sending the Anaheim company's stock into a tailspin. Odetics' shares, which had surged after the jury award was announced late in March, slumped nearly 40%, or $3.75, to $5.75 on the Nasdaq market. Judge T.S. Ellis III threw out the award against Storage Technology Corp.
BUSINESS
June 10, 1998 | Bloomberg News
Odetics Inc. stock hit a 52-week high Tuesday after the Anaheim company said a federal judge barred rival Storage Technology Corp. from selling computer data-storage systems that infringe on Odetics' patents. Shares of the maker of communications, security and computer data-storage equipment surged to $17.13, their highest level in the last year, before retreating to close at $16.75, up $2.75, or nearly 20%. Nearly 1.
BUSINESS
June 29, 1997
Odetics Inc. said a federal appeals court ruled in its favor in a patent suit against Storage Technology Corp. Odetics said Friday the appeals court overturned a lower court's decision that its patents for library pass-through ports were not infringed by Storage Technology, based in Louisville, Colo. The appeals court remanded the case for consideration of infringement, Odetics said.
BUSINESS
August 15, 1996 | Times Staff and Wire Reports
U.S. Probes IBM-StorageTek Pact: Storage Technology Corp. and International Business Machines Corp. said their mainframe data storage reseller deal is under antitrust review by the Justice Department. However, both companies downplayed the potential threat of the investigation to their alliance, saying the request for documents by the department was routine and that they expect the agreement to go forward.
BUSINESS
August 10, 1994 | From Reuters
Storage Technology Corp. and Network Systems Corp., which supply computer storage and data communications systems, said Tuesday that they have agreed to merge in a stock swap valued at about $300 million. Storage Technology said the deal is believed to be the first merger of a major computer storage provider and a leader in high-performance computer networking products.
BUSINESS
August 10, 1994 | From Reuters
Storage Technology Corp. and Network Systems Corp., which supply computer storage and data communications systems, said Tuesday that they have agreed to merge in a stock swap valued at about $300 million. Storage Technology said the deal is believed to be the first merger of a major computer storage provider and a leader in high-performance computer networking products.
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