Exabyte Receives Approximately 90,000 Shares of Sun Microsystems

Apr 03, 2001, 01:00 ET from Exabyte Corporation

    BOULDER, Colo., April 3 /PRNewswire/ -- Exabyte Corporation
 (Nasdaq:   EXBT), a performance leader in network backup systems, today
 announced that it will shortly receive approximately 90,0000 shares of common
 stock of Sun Microsystems, Inc. as a result of the acquisition by Sun
 Microsystems of HighGround Systems, Inc.  Exabyte was a shareholder in
 HighGround Systems as a result of its early-round financing of HighGround
 Systems.
     Exabyte expects to record the value of the Sun Microsystems stock,
 currently valued at approximately $1.2 million, as a one-time gain in its
 second quarter results.
 
     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 MammothTape(TM)
 technology tape drives, premier storage media and libraries for MammothTape,
 DLTtape(TM), LTO(TM) Ultrium(TM) and Advanced Intelligent Tape(TM) (AIT)
 technologies.  NetStorM(TM) SAN Alliance is an Exabyte partner program
 designed to allow companies implementing SANs to use tested, certified,
 top-of-the-line components from Exabyte and its partners with confidence.
 Exabyte'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 obtain investor information, download information from the
 investor relations' room on the company's Web site.  For investor-related
 questions, please call 303-417-7825 or E-mail investor@exabyte.com.  Visit
 Exabyte on the Web at www.exabyte.com, www.mammothtape.com and www.m2wins.com.
 
     The statements contained in this press release that are not historical in
 nature are forward-looking statements.  Forward-looking statements are not
 guarantees since there are inherent difficulties in predicting future results,
 and actual results could differ materially from those expressed or implied in
 the forward-looking statements.
     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 and Advanced
 Intelligent Tape is a trademark of Sony Electronics.  All other trademarks are
 the property of their respective owners.
 
 

SOURCE Exabyte Corporation
    BOULDER, Colo., April 3 /PRNewswire/ -- Exabyte Corporation
 (Nasdaq:   EXBT), a performance leader in network backup systems, today
 announced that it will shortly receive approximately 90,0000 shares of common
 stock of Sun Microsystems, Inc. as a result of the acquisition by Sun
 Microsystems of HighGround Systems, Inc.  Exabyte was a shareholder in
 HighGround Systems as a result of its early-round financing of HighGround
 Systems.
     Exabyte expects to record the value of the Sun Microsystems stock,
 currently valued at approximately $1.2 million, as a one-time gain in its
 second quarter results.
 
     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 MammothTape(TM)
 technology tape drives, premier storage media and libraries for MammothTape,
 DLTtape(TM), LTO(TM) Ultrium(TM) and Advanced Intelligent Tape(TM) (AIT)
 technologies.  NetStorM(TM) SAN Alliance is an Exabyte partner program
 designed to allow companies implementing SANs to use tested, certified,
 top-of-the-line components from Exabyte and its partners with confidence.
 Exabyte'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 obtain investor information, download information from the
 investor relations' room on the company's Web site.  For investor-related
 questions, please call 303-417-7825 or E-mail investor@exabyte.com.  Visit
 Exabyte on the Web at www.exabyte.com, www.mammothtape.com and www.m2wins.com.
 
     The statements contained in this press release that are not historical in
 nature are forward-looking statements.  Forward-looking statements are not
 guarantees since there are inherent difficulties in predicting future results,
 and actual results could differ materially from those expressed or implied in
 the forward-looking statements.
     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 and Advanced
 Intelligent Tape is a trademark of Sony Electronics.  All other trademarks are
 the property of their respective owners.
 
 SOURCE  Exabyte Corporation

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