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Feedback
Wird das Gap geschlossen? Bei 0,14 ist eines aufgegangen, und laut Charttechnik sollte es auch geschlossen werden!?
... Kurs bei 0,035 ...Riesengap zwischen 0,09 USD (Eröffnungskurs heute) und 0,14 USD (Sk von gestern)!!
Viel Glück!
...dies ist keine Kauf oder Verkaufsempfehlung!
Mal schauen was draus wird!
Totalverlust immer möglich bei OTC Werten.
In D handelbar!!
LG Slay
August 30, 2006 - 8:04 AM EST
Exabyte Enters Into Agreement for Business Combination With Tandberg Data ASA
Exabyte Corporation (the Company) (OTCBB:EXBY), a leading innovator in tape backup, restore and archival systems, today announced that it has entered into an Asset Purchase Agreement (the Agreement) with Tandberg Data Corp. (Tandberg), a Delaware corporation and wholly-owned subsidiary of Tandberg Data ASA, a company organized under the laws of Norway and headquartered in Oslo, Norway (collectively Tandberg Data), whereby Tandberg will purchase substantially all of the assets of the Company in exchange for cash and the assumption of certain liabilities of the Company. The Agreement was approved by the Company's Independent Committee and ratified by its Board of Directors. The closing of the transaction is subject to the approval of Exabyte common shareholders at a shareholders' meeting that is expected to occur in October or November 2006. Under certain circumstances, the Agreement may be terminated by either party if the transaction is not completed by December 31, 2006.
Under the terms of the Agreement, the total consideration is expected to be approximately $28,000,000, plus certain transaction fees. This amount will fluctuate based on the actual balance outstanding under the Company's loan agreement with Wells Fargo Business Credit, Inc. (Wells Fargo) which will be paid in full at closing. The cash payment to Exabyte at closing will be approximately $22,500,000, and will generally be equal to (1) the balance outstanding on the Wells Fargo loan, which holds a first priority security interest in the Company's assets, (2) the repayment obligations, as restructured, under the Company's 10% Secured Convertible Subordinated Notes (second priority security interest), and notes payable to Imation Corp. (third priority security interest), Hitachi, Ltd. and Solectron Corporation, and (3) Exabyte's transaction fees. It is a condition to the Agreement that the cash purchase proceeds to the Company be used to make these payments. In addition, Tandberg will assume certain liabilities of the Company, consisting of substantially all accounts payable and accrued expenses, warranty obligations and obligations under purchased contracts, and new or restructured notes payable issued to Imation Corp. and Hitachi, Ltd., among others.
In connection with the Agreement, Tandberg required the Company to enter into Restructuring Agreements or Amendments with the holders of its Convertible Notes, Hitachi, Ltd., Solectron Corporation and Imation Corp. that provide for reductions in the amounts currently due under various debt instruments, the issuance of new or restructured notes payable in certain circumstances, and the waiver of existing and future events of default, if any.
Following the closing of the acquisition, the Company will retain certain liabilities owed to creditors; however, Exabyte is not expected to have any significant assets remaining for the payment of these obligations. In addition, subsequent to closing there will be no assets available for distribution to holders of the Company's Series AA preferred stock or its common stock. Exabyte intends to liquidate and dissolve immediately after the closing of the transaction.
"We are pleased to have reached an agreement for the combination of Exabyte and Tandberg Data," noted Tom Ward, CEO of Exabyte. "The complimentary strengths of the two companies in the various geographic markets around the world will result in a truly global competitor in the storage industry. In addition, the combined product portfolios of the two companies will provide our customers with the full range of state-of-the-art, cost effective products and technologies to meet their needs. Finally, the operational synergies resulting from the combination will allow the new company to operate from an improved position of financial strength and stability in the future."
It is expected that Exabyte management will continue with Tandberg and will focus on capitalizing on the opportunity for Exabyte's VXA and LTO technologies and products, as well as the integration of the two companies' operations and products. All employees of Exabyte will be offered positions with Tandberg.
The description of the Agreement in this press release only summarizes the information set forth in the Agreement, which will be filed by Exabyte as an exhibit to the Form 8-K filing to be made in connection with this transaction. Interested parties are encouraged to read the Form 8-K and the Agreement attached thereto in their entirety for additional information on the proposed transaction.
About Exabyte Corporation
Exabyte Corporation (OTCBB:EXBY) is a leading innovator of tape storage products. For more than 20 years, the company has been recognized for its innovative engineering approach and for consistently raising industry standards in technology, quality and data reliability for tape drives and tape automation. The Company's products back up and restore critical business information in a manner consistently ahead of its competitors in terms of capacity, transfer speeds, and reliability -- all at competitive prices. With patented and award-winning VXA Packet Technology and ExaBotics(TM), Exabyte's VXA(TM) and LTO(TM) (Ultrium(TM)) products are ideally suited for SMB and departmental servers, workstations, LANs, and SANs. Exabyte has a worldwide network of OEMs, distributors and resellers that share the company's commitment to innovation and customer service, including IBM, Apple, Fujitsu Siemens Computers, Fujitsu Ltd., Imation, Tech Data, and Ingram Micro. For more information, call 1-800-EXABYTE or visit www.exabyte.com.
The foregoing contains forward-looking statements related to the Company's products and business prospects. Such statements are subject to one or more risks. The actual results that the company achieves may differ materially from such forward-looking statements due to risks and uncertainties related to customer dependence, competition, product development, market demand, management of business and product transitions and other such risks as noted in the Company's Forms 10-K and 10-Q.
Exabyte, VXA and ExaBotics are registered trademarks, and, MammothTape is a trademark of Exabyte Corp. All other trademarks are the property of their respective owners.
SJI, Ltd. (For Exabyte)
Bill Marino, 303-988-5133
bill@sjiltd.com
Source: Business Wire (August 30, 2006 - 8:04 AM EST)
News by QuoteMedia
www.quotemedia.com
... Kurs bei 0,035 ...Riesengap zwischen 0,09 USD (Eröffnungskurs heute) und 0,14 USD (Sk von gestern)!!
Viel Glück!
...dies ist keine Kauf oder Verkaufsempfehlung!
Mal schauen was draus wird!
Totalverlust immer möglich bei OTC Werten.
In D handelbar!!
LG Slay
August 30, 2006 - 8:04 AM EST
Exabyte Enters Into Agreement for Business Combination With Tandberg Data ASA
Exabyte Corporation (the Company) (OTCBB:EXBY), a leading innovator in tape backup, restore and archival systems, today announced that it has entered into an Asset Purchase Agreement (the Agreement) with Tandberg Data Corp. (Tandberg), a Delaware corporation and wholly-owned subsidiary of Tandberg Data ASA, a company organized under the laws of Norway and headquartered in Oslo, Norway (collectively Tandberg Data), whereby Tandberg will purchase substantially all of the assets of the Company in exchange for cash and the assumption of certain liabilities of the Company. The Agreement was approved by the Company's Independent Committee and ratified by its Board of Directors. The closing of the transaction is subject to the approval of Exabyte common shareholders at a shareholders' meeting that is expected to occur in October or November 2006. Under certain circumstances, the Agreement may be terminated by either party if the transaction is not completed by December 31, 2006.
Under the terms of the Agreement, the total consideration is expected to be approximately $28,000,000, plus certain transaction fees. This amount will fluctuate based on the actual balance outstanding under the Company's loan agreement with Wells Fargo Business Credit, Inc. (Wells Fargo) which will be paid in full at closing. The cash payment to Exabyte at closing will be approximately $22,500,000, and will generally be equal to (1) the balance outstanding on the Wells Fargo loan, which holds a first priority security interest in the Company's assets, (2) the repayment obligations, as restructured, under the Company's 10% Secured Convertible Subordinated Notes (second priority security interest), and notes payable to Imation Corp. (third priority security interest), Hitachi, Ltd. and Solectron Corporation, and (3) Exabyte's transaction fees. It is a condition to the Agreement that the cash purchase proceeds to the Company be used to make these payments. In addition, Tandberg will assume certain liabilities of the Company, consisting of substantially all accounts payable and accrued expenses, warranty obligations and obligations under purchased contracts, and new or restructured notes payable issued to Imation Corp. and Hitachi, Ltd., among others.
In connection with the Agreement, Tandberg required the Company to enter into Restructuring Agreements or Amendments with the holders of its Convertible Notes, Hitachi, Ltd., Solectron Corporation and Imation Corp. that provide for reductions in the amounts currently due under various debt instruments, the issuance of new or restructured notes payable in certain circumstances, and the waiver of existing and future events of default, if any.
Following the closing of the acquisition, the Company will retain certain liabilities owed to creditors; however, Exabyte is not expected to have any significant assets remaining for the payment of these obligations. In addition, subsequent to closing there will be no assets available for distribution to holders of the Company's Series AA preferred stock or its common stock. Exabyte intends to liquidate and dissolve immediately after the closing of the transaction.
"We are pleased to have reached an agreement for the combination of Exabyte and Tandberg Data," noted Tom Ward, CEO of Exabyte. "The complimentary strengths of the two companies in the various geographic markets around the world will result in a truly global competitor in the storage industry. In addition, the combined product portfolios of the two companies will provide our customers with the full range of state-of-the-art, cost effective products and technologies to meet their needs. Finally, the operational synergies resulting from the combination will allow the new company to operate from an improved position of financial strength and stability in the future."
It is expected that Exabyte management will continue with Tandberg and will focus on capitalizing on the opportunity for Exabyte's VXA and LTO technologies and products, as well as the integration of the two companies' operations and products. All employees of Exabyte will be offered positions with Tandberg.
The description of the Agreement in this press release only summarizes the information set forth in the Agreement, which will be filed by Exabyte as an exhibit to the Form 8-K filing to be made in connection with this transaction. Interested parties are encouraged to read the Form 8-K and the Agreement attached thereto in their entirety for additional information on the proposed transaction.
About Exabyte Corporation
Exabyte Corporation (OTCBB:EXBY) is a leading innovator of tape storage products. For more than 20 years, the company has been recognized for its innovative engineering approach and for consistently raising industry standards in technology, quality and data reliability for tape drives and tape automation. The Company's products back up and restore critical business information in a manner consistently ahead of its competitors in terms of capacity, transfer speeds, and reliability -- all at competitive prices. With patented and award-winning VXA Packet Technology and ExaBotics(TM), Exabyte's VXA(TM) and LTO(TM) (Ultrium(TM)) products are ideally suited for SMB and departmental servers, workstations, LANs, and SANs. Exabyte has a worldwide network of OEMs, distributors and resellers that share the company's commitment to innovation and customer service, including IBM, Apple, Fujitsu Siemens Computers, Fujitsu Ltd., Imation, Tech Data, and Ingram Micro. For more information, call 1-800-EXABYTE or visit www.exabyte.com.
The foregoing contains forward-looking statements related to the Company's products and business prospects. Such statements are subject to one or more risks. The actual results that the company achieves may differ materially from such forward-looking statements due to risks and uncertainties related to customer dependence, competition, product development, market demand, management of business and product transitions and other such risks as noted in the Company's Forms 10-K and 10-Q.
Exabyte, VXA and ExaBotics are registered trademarks, and, MammothTape is a trademark of Exabyte Corp. All other trademarks are the property of their respective owners.
SJI, Ltd. (For Exabyte)
Bill Marino, 303-988-5133
bill@sjiltd.com
Source: Business Wire (August 30, 2006 - 8:04 AM EST)
News by QuoteMedia
www.quotemedia.com
bin dabei
Hier kann man das entstandene Gap, dass trotz der guten News entstanden ist, deutlich sehen! 
...unten wurde heftig eingesammelt!!
Ask ist ziemlich dünn!!! Hochexplosiv!!!
...unten wurde heftig eingesammelt!!
Ask ist ziemlich dünn!!! Hochexplosiv!!!
MM ID Ask Size Time
NITE 0.0350 50 15:03:11
UBSS 0.0370 50 15:14:58
JEFF 0.0400 50 12:28:36
HILL 0.0400 50 13:07:54
ARCA 0.0499 50 15:07:48
VERT 0.0500 50 12:07:20
DOMS 0.0500 50 13:06:07
HDSN 0.0500 50 14:03:27
SBSH 0.0600 50 14:25:05
BEST 0.0650 50 12:07:20
SACM 0.1000 50 09:35:56
TASL 0.1000 50 13:16:42
PERT 0.1000 50 14:29:27
NITE 0.0350 50 15:03:11
UBSS 0.0370 50 15:14:58
JEFF 0.0400 50 12:28:36
HILL 0.0400 50 13:07:54
ARCA 0.0499 50 15:07:48
VERT 0.0500 50 12:07:20
DOMS 0.0500 50 13:06:07
HDSN 0.0500 50 14:03:27
SBSH 0.0600 50 14:25:05
BEST 0.0650 50 12:07:20
SACM 0.1000 50 09:35:56
TASL 0.1000 50 13:16:42
PERT 0.1000 50 14:29:27
Trading Spotlight
Hochexplosiv!!! ...sag ich doch!!! Schaut Euch mal die Verkaufsseite an, die axcol gerade reingestellt hat!!! 
interessant, kann leider nicht investieren.
buxte
buxte
Antwort auf Beitrag Nr.: 23.692.508 von buxte am 30.08.06 22:32:31Sei froh, EXBY wird aufgelöst und der Aktionär geht leer aus, mit den 28Mio. müssen Schulden bezahlt werden.
Following the closing of the acquisition, the Company will retain certain liabilities owed to creditors; however, Exabyte is not expected to have any significant assets remaining for the payment of these obligations. In addition, subsequent to closing there will be no assets available for distribution to holders of the Company\'s Series AA preferred stock or its common stock.
Exabyte intends to liquidate and dissolve immediately after the closing of the transaction.
Following the closing of the acquisition, the Company will retain certain liabilities owed to creditors; however, Exabyte is not expected to have any significant assets remaining for the payment of these obligations. In addition, subsequent to closing there will be no assets available for distribution to holders of the Company\'s Series AA preferred stock or its common stock.
Exabyte intends to liquidate and dissolve immediately after the closing of the transaction.
aber einige Zocker werden bestimmt die nächsten Tage investiert sein .
Das Teil wird wahrscheinlich genauso wie ACKHQ und TISDZ, oder auch wie Kaiser Aluminium hochgezogen!!??
Das Gap wird vllt geschlossen um noch Anleger aufgrund des manipulierten Anstiegs in die Aktie reinzuziehen!??
Ist doch immer so!! Börse ist unlogisch!!
EXBY ist meiner Meinung nach nen Zock wert!
Der Abschlag schreit nach ner technischen Erholung...
....íst aber nur meine bescheidene Meinung!!
Habe dies aber schon oft beobachtet!!!
Maximal wahrscheinlich nen 3 Tages-Zock!! Mal schauen, vllt geht sie ja auch nur 1-2 Tage oder garnicht! Wobei das Gap wahrscheinlich schon viele Zocker anzieht und da die Verkaufsseite sehr dünn ist, ist die technische Erholung im Prinzip doch schon vorprogrammiert!?
Andere Meinungen?
Das Gap wird vllt geschlossen um noch Anleger aufgrund des manipulierten Anstiegs in die Aktie reinzuziehen!??
Ist doch immer so!! Börse ist unlogisch!!
EXBY ist meiner Meinung nach nen Zock wert!
Der Abschlag schreit nach ner technischen Erholung...
....íst aber nur meine bescheidene Meinung!!
Habe dies aber schon oft beobachtet!!!
Maximal wahrscheinlich nen 3 Tages-Zock!! Mal schauen, vllt geht sie ja auch nur 1-2 Tage oder garnicht! Wobei das Gap wahrscheinlich schon viele Zocker anzieht und da die Verkaufsseite sehr dünn ist, ist die technische Erholung im Prinzip doch schon vorprogrammiert!?
Andere Meinungen?
...ist halt nen Gapclose-Zock! Nicht mehr, nicht weniger!!
...schaut Euch die oben genannten Aktien an, alle wurden hochgezockt!!!
...schaut Euch die oben genannten Aktien an, alle wurden hochgezockt!!!
Antwort auf Beitrag Nr.: 23.691.513 von axcol am 30.08.06 21:33:29Noch 500tsd Aktien bis zur 0,065 und dann gibts nichts mehr bis zur 0,10 USD!!!??
In D (Berlin) ist Exabyte auch handelbar!
WKN: A0HHK0
WKN: A0HHK0
Stochastik schaut auch gut aus!! ...die hellere hat die dunklere Linie nach oben durchstochen...zumindest für nen Zock gut!?
Sieht so aus, als ob EXBY für schnelle 100% gut ist!
Riskant, aber das Gap lädt einfach zum zocken ein! Etwa nicht?
Mal schauen, wie weit eine eventuelle technische Gegenreaktion laufen wird!?
Riskant, aber das Gap lädt einfach zum zocken ein! Etwa nicht?
Mal schauen, wie weit eine eventuelle technische Gegenreaktion laufen wird!?
Bis 8 US-Cent könnte ich mir eine Gegenbewegung vorstellen!
Und Ihr?
Und Ihr?
About Exabyte Corporation
Exabyte Corporation (OTCBB: EXBY) is a leading innovator of tape storage products. For more than 20 years, the company has been recognized for its innovative engineering approach and for consistently raising industry standards in technology, quality and data reliability for tape drives and tape automation. The Companyâ??s products back up and restore critical business information in a manner consistently ahead of its competitors in terms of capacity, transfer speeds, and reliability â?? all at competitive prices. With patented and award-winning VXA Packet Technology and ExaBoticsâ?¢, Exabyteâ??s VXAâ?¢ and LTOâ?¢ (Ultriumâ?¢) products are ideally suited for SMB and departmental servers, workstations, LANs, and SANs. Exabyte has a worldwide network of OEMs, distributors and resellers that share the companyâ??s commitment to innovation and customer service, including IBM, Apple, Fujitsu Siemens Computers, Fujitsu Ltd., Imation, Tech Data, and Ingram Micro. For more information, call 1-800-EXABYTE or visit www.exabyte.com.
Exabyte Corporation (OTCBB: EXBY) is a leading innovator of tape storage products. For more than 20 years, the company has been recognized for its innovative engineering approach and for consistently raising industry standards in technology, quality and data reliability for tape drives and tape automation. The Companyâ??s products back up and restore critical business information in a manner consistently ahead of its competitors in terms of capacity, transfer speeds, and reliability â?? all at competitive prices. With patented and award-winning VXA Packet Technology and ExaBoticsâ?¢, Exabyteâ??s VXAâ?¢ and LTOâ?¢ (Ultriumâ?¢) products are ideally suited for SMB and departmental servers, workstations, LANs, and SANs. Exabyte has a worldwide network of OEMs, distributors and resellers that share the companyâ??s commitment to innovation and customer service, including IBM, Apple, Fujitsu Siemens Computers, Fujitsu Ltd., Imation, Tech Data, and Ingram Micro. For more information, call 1-800-EXABYTE or visit www.exabyte.com.
Es muss erst noch abgestimmt werden, im Okt oder Nov wird eine HV stattfinden!
EXABYTE ENTERS INTO AGREEMENT FOR BUSINESS COMBINATION WITH TANDBERG DATA ASA
BOULDER, COLO. â?? August 30, 2006 â?? Exabyte Corporation (the Company) (OTCBB: EXBY), a leading innovator in tape backup, restore and archival systems, today announced that it has entered into an Asset Purchase Agreement (the Agreement) with Tandberg Data Corp. (Tandberg), a Delaware corporation and wholly-owned subsidiary of Tandberg Data ASA, a company organized under the laws of Norway and headquartered in Oslo, Norway (collectively Tandberg Data), whereby Tandberg will purchase substantially all of the assets of the Company in exchange for cash and the assumption of certain liabilities of the Company. The Agreement was approved by the Companyâ??s Independent Committee and ratified by its Board of Directors. The closing of the transaction is subject to the approval of Exabyte common shareholders at a shareholdersâ?? meeting that is expected to occur in October or November 2006. Under certain circumstances, the Agreement may be terminated by either party if the transaction is not completed by December 31, 2006.
EXABYTE ENTERS INTO AGREEMENT FOR BUSINESS COMBINATION WITH TANDBERG DATA ASA
BOULDER, COLO. â?? August 30, 2006 â?? Exabyte Corporation (the Company) (OTCBB: EXBY), a leading innovator in tape backup, restore and archival systems, today announced that it has entered into an Asset Purchase Agreement (the Agreement) with Tandberg Data Corp. (Tandberg), a Delaware corporation and wholly-owned subsidiary of Tandberg Data ASA, a company organized under the laws of Norway and headquartered in Oslo, Norway (collectively Tandberg Data), whereby Tandberg will purchase substantially all of the assets of the Company in exchange for cash and the assumption of certain liabilities of the Company. The Agreement was approved by the Companyâ??s Independent Committee and ratified by its Board of Directors. The closing of the transaction is subject to the approval of Exabyte common shareholders at a shareholdersâ?? meeting that is expected to occur in October or November 2006. Under certain circumstances, the Agreement may be terminated by either party if the transaction is not completed by December 31, 2006.
Tandberg buying Exabyte [Daily Camera, Boulder, Colo.]
Aug. 31--Boulder-based Exabyte Corp. said Wednesday it agreed to be bought by Tandberg Data Corp. in an expected $28 million transaction.
If the deal is approved, the 21-year-old data storage company would join the ranks of a handful of longtime local industry players to recently get acquired.
Under terms of the agreement, Oslo, Norway-based Tandberg will acquire the assets of Exabyte, paying the company $22.5 million in cash and covering the balance of Exabyte's credit obligations.
Exabyte's local site is expected to remain operational and all of its employees will be offered jobs by Tandberg, Exabyte said. The company employs about 150 people in Boulder.
The deal comes nearly two months after Exabyte said it hired Denver-based St. Charles Capital to evaluate strategic alternatives. Exabyte later revealed its uncertainty to achieve profitability, that it defaulted on a line of credit to Wells Fargo and it owed Hitachi nearly $4.7 million, according to a Securities and Exchange Commission filing.
Getting acquired should give the company some new opportunities, and ease any trepidation for customers that thought it was too risky of a choice, said Kelly Beavers, Exabyte's vice president of product marketing.
"There really shouldn't be any more concern about Exabyte," he said. "Now our story is different. We're at least as stable and financially viable as anybody we compete with."
The companies' product lines -- and where those products are sold -- also are very different, creating very little overlap, said Bob Abraham, president of storage research firm Freeman Reports. Exabyte is strong domestically and Tandberg has strength internationally, he said.
"Strategically, it's definitely a positive move for both companies," Abraham said. "They complement each other's technologies very well."
Founded in 1985 by former employees of Storage Technology Corp., Exabyte (OTCBB: EXBY, 3.5 cents) burst out of the storage industry gates in 1987 with an 8-millimeter drive boasting a capacity of 2 gigabytes -- 10 times as much information as its nearest competitor.
During the next few years, the company expanded rapidly, growing to $310 million in sales and 1,200 employees in 1993. Product delays later hit the company hard, and layoffs and management changes ensued during the company's struggles.
To see more of the Daily Camera, or to subscribe to the newspaper, go to http://www.thedailycamera.com.
Copyright (c) 2006, Daily Camera, Boulder, Colo.
Distributed by McClatchy-Tribune Business News. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
Aug. 31--Boulder-based Exabyte Corp. said Wednesday it agreed to be bought by Tandberg Data Corp. in an expected $28 million transaction.
If the deal is approved, the 21-year-old data storage company would join the ranks of a handful of longtime local industry players to recently get acquired.
Under terms of the agreement, Oslo, Norway-based Tandberg will acquire the assets of Exabyte, paying the company $22.5 million in cash and covering the balance of Exabyte's credit obligations.
Exabyte's local site is expected to remain operational and all of its employees will be offered jobs by Tandberg, Exabyte said. The company employs about 150 people in Boulder.
The deal comes nearly two months after Exabyte said it hired Denver-based St. Charles Capital to evaluate strategic alternatives. Exabyte later revealed its uncertainty to achieve profitability, that it defaulted on a line of credit to Wells Fargo and it owed Hitachi nearly $4.7 million, according to a Securities and Exchange Commission filing.
Getting acquired should give the company some new opportunities, and ease any trepidation for customers that thought it was too risky of a choice, said Kelly Beavers, Exabyte's vice president of product marketing.
"There really shouldn't be any more concern about Exabyte," he said. "Now our story is different. We're at least as stable and financially viable as anybody we compete with."
The companies' product lines -- and where those products are sold -- also are very different, creating very little overlap, said Bob Abraham, president of storage research firm Freeman Reports. Exabyte is strong domestically and Tandberg has strength internationally, he said.
"Strategically, it's definitely a positive move for both companies," Abraham said. "They complement each other's technologies very well."
Founded in 1985 by former employees of Storage Technology Corp., Exabyte (OTCBB: EXBY, 3.5 cents) burst out of the storage industry gates in 1987 with an 8-millimeter drive boasting a capacity of 2 gigabytes -- 10 times as much information as its nearest competitor.
During the next few years, the company expanded rapidly, growing to $310 million in sales and 1,200 employees in 1993. Product delays later hit the company hard, and layoffs and management changes ensued during the company's struggles.
To see more of the Daily Camera, or to subscribe to the newspaper, go to http://www.thedailycamera.com.
Copyright (c) 2006, Daily Camera, Boulder, Colo.
Distributed by McClatchy-Tribune Business News. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
EXABYTE CORPORATION Quick Quote: EXBY 0.04 (+0.00)
Exabyte sold to Norwegians for $28 million
8/30/2006
DENVER, Aug 30, 2006 (UPI via COMTEX News Network) --
A subsidiary of Norway's Tandberg Data ASA is buying Exabyte Corp., which makes tape backup, restore and archival systems.
The value of the all-cash deal -- which includes debt assumption and is expected to close by year-end -- is about $28 million, the Colorado company said Wednesday in a statement.
Exabyte's chief executive said the two companies had "complementary strengths" that would render the resulting entity a global competitor in the storage business.
www.upi.com
Copyright 2006 by United Press International
Exabyte sold to Norwegians for $28 million
8/30/2006
DENVER, Aug 30, 2006 (UPI via COMTEX News Network) --
A subsidiary of Norway's Tandberg Data ASA is buying Exabyte Corp., which makes tape backup, restore and archival systems.
The value of the all-cash deal -- which includes debt assumption and is expected to close by year-end -- is about $28 million, the Colorado company said Wednesday in a statement.
Exabyte's chief executive said the two companies had "complementary strengths" that would render the resulting entity a global competitor in the storage business.
www.upi.com
Copyright 2006 by United Press International
Aktueller Kurs 0,0389
Differenz +0,0039 (+11,14%)
Differenz +0,0039 (+11,14%)
EXBY wird liquidiert - Finger weg, kauft Euch lieber PAIM, da wird wohl mehr gehen!
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