Exabyte Corporation to File Year 2000 Form 10-K By April 30, 2001; Exabyte Receives Nasdaq Delisting Letter

Apr 25, 2001, 01:00 ET from Exabyte Corporation

    BOULDER, Colo., April 25 /PRNewswire/ -- Exabyte Corporation
 (Nasdaq: EXBT), a performance leader in network backup systems, today reported
 that it expects to file its Year 2000 Form 10-K on or before April 30, 2001.
 As previously reported, Exabyte delayed the filing of its Form 10-K in order
 to respond to comments received from the SEC staff on prior reports
 incorporated into an S-3 registration statement.
     The Company also announced today that it received on April 24, 2001 a
 Nasdaq Staff Determination indicating that the Company has failed to provide
 Nasdaq with its Form 10-K for the year ended December 30, 2000, as required by
 Marketplace Rule 4310(c) (14), and that its securities are, therefore, subject
 to delisting from the Nasdaq National Market.  The Company believes with the
 expected filing date of its Form 10-K that its listing will continue but, if
 required, will request a hearing before a Nasdaq Listing Qualifications Panel
 to review the Staff Determination.
     The Company's ticker symbol will be changed from EXBT to EXBTE as of
 April 26, 2001 until the Nasdaq staff determines that the Company has
 satisfied the applicable listing criteria.
 
     About Exabyte Corporation
     Exabyte Corporation is a leading supplier of tape storage devices and
 network storage solutions for the data intensive application and database
 server markets.  Exabyte engineers, manufactures and markets 8mm and
 MammothTape(TM) technology tape drives, premier storage media and libraries
 for MammothTape, DLTtape(TM) and LTO(TM) (Ultrium) tape technologies.
 NetStorM(TM), Exabyte's network storage initiative, is designed to optimize
 the performance capabilities of Exabyte's drives, autoloaders and libraries
 with other vendors' SAN offerings.  The Company's products are available
 exclusively through an extensive network of OEM, distributor and reseller
 business partners worldwide, all backed by the Company's award-winning service
 and support.
     For additional information about Exabyte and for sales, call
 1-800-EXABYTE.  For support and customer service, call 1-800-445-7736.  Please
 call (+65)-271-6331 for Asia/Pacific and (+31)-30-2548800 for European
 inquiries.  To have investor information faxed, call 201-946-0091, or download
 information from the investor relations' room on the Company's Web site.  For
 investor-related questions, please call 1-888-EXABYTE, or e-mail
 investor@exabyte.com.  Visit Exabyte on the World Wide Web at www.exabyte.com
 and www.m2wins.com.
 
     The foregoing includes forward-looking statements related to the company's
 business prospects.  Such statements are subject to one or more risks.  Words
 such as "believes," "anticipates," "expects," "intends," "plans," "positions"
 and similar expressions are intended to identify forward-looking statements,
 but are not the exclusive means of identifying such statements.  The actual
 results that the company achieves may differ materially from such
 forward-looking statements due to risks and uncertainties related to equity
 and financing arrangements, media availability and dependence, M2(TM)
 dependence, product development, manufacturing, market demand, management of
 business and product transitions and other such risks as noted in the
 company's publicly available reports on file with the Securities and Exchange
 Commission.  The Company undertakes no obligation to publicly update any
 forward-looking statements whether or as a result of new information, future
 events or otherwise.
 
     EDITOR'S NOTES  Exabyte is a registered trademark, and M2, MammothTape,
 SmartClean and NetStorM are trademarks of Exabyte Corp.  LTO and Ultrium are
 US trademarks of HP, IBM and Seagate.  DLTtape is a trademark of Quantum Corp.
 All other trademarks are the property of their respective owners.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X32685524
 
 

SOURCE Exabyte Corporation
    BOULDER, Colo., April 25 /PRNewswire/ -- Exabyte Corporation
 (Nasdaq: EXBT), a performance leader in network backup systems, today reported
 that it expects to file its Year 2000 Form 10-K on or before April 30, 2001.
 As previously reported, Exabyte delayed the filing of its Form 10-K in order
 to respond to comments received from the SEC staff on prior reports
 incorporated into an S-3 registration statement.
     The Company also announced today that it received on April 24, 2001 a
 Nasdaq Staff Determination indicating that the Company has failed to provide
 Nasdaq with its Form 10-K for the year ended December 30, 2000, as required by
 Marketplace Rule 4310(c) (14), and that its securities are, therefore, subject
 to delisting from the Nasdaq National Market.  The Company believes with the
 expected filing date of its Form 10-K that its listing will continue but, if
 required, will request a hearing before a Nasdaq Listing Qualifications Panel
 to review the Staff Determination.
     The Company's ticker symbol will be changed from EXBT to EXBTE as of
 April 26, 2001 until the Nasdaq staff determines that the Company has
 satisfied the applicable listing criteria.
 
     About Exabyte Corporation
     Exabyte Corporation is a leading supplier of tape storage devices and
 network storage solutions for the data intensive application and database
 server markets.  Exabyte engineers, manufactures and markets 8mm and
 MammothTape(TM) technology tape drives, premier storage media and libraries
 for MammothTape, DLTtape(TM) and LTO(TM) (Ultrium) tape technologies.
 NetStorM(TM), Exabyte's network storage initiative, is designed to optimize
 the performance capabilities of Exabyte's drives, autoloaders and libraries
 with other vendors' SAN offerings.  The Company's products are available
 exclusively through an extensive network of OEM, distributor and reseller
 business partners worldwide, all backed by the Company's award-winning service
 and support.
     For additional information about Exabyte and for sales, call
 1-800-EXABYTE.  For support and customer service, call 1-800-445-7736.  Please
 call (+65)-271-6331 for Asia/Pacific and (+31)-30-2548800 for European
 inquiries.  To have investor information faxed, call 201-946-0091, or download
 information from the investor relations' room on the Company's Web site.  For
 investor-related questions, please call 1-888-EXABYTE, or e-mail
 investor@exabyte.com.  Visit Exabyte on the World Wide Web at www.exabyte.com
 and www.m2wins.com.
 
     The foregoing includes forward-looking statements related to the company's
 business prospects.  Such statements are subject to one or more risks.  Words
 such as "believes," "anticipates," "expects," "intends," "plans," "positions"
 and similar expressions are intended to identify forward-looking statements,
 but are not the exclusive means of identifying such statements.  The actual
 results that the company achieves may differ materially from such
 forward-looking statements due to risks and uncertainties related to equity
 and financing arrangements, media availability and dependence, M2(TM)
 dependence, product development, manufacturing, market demand, management of
 business and product transitions and other such risks as noted in the
 company's publicly available reports on file with the Securities and Exchange
 Commission.  The Company undertakes no obligation to publicly update any
 forward-looking statements whether or as a result of new information, future
 events or otherwise.
 
     EDITOR'S NOTES  Exabyte is a registered trademark, and M2, MammothTape,
 SmartClean and NetStorM are trademarks of Exabyte Corp.  LTO and Ultrium are
 US trademarks of HP, IBM and Seagate.  DLTtape is a trademark of Quantum Corp.
 All other trademarks are the property of their respective owners.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X32685524
 
 SOURCE  Exabyte Corporation

RELATED LINKS

http://www.exabyte.com