| Business Summary | | Storage
Technology
Corporation
(StorageTek)
designs,
develops,
manufactures
and
markets
a
broad
range
of
information
storage
products,
and
provides
maintenance
and
consulting
services.
These
storage
products
and
services
are
designed
to
provide
customers
with
a
broad
range
of
solutions
for
the
storage
and
retrieval
of
digitized
electronic
data.
StorageTek's
solutions
are
designed
to
be
easy
to
manage
and
allow
universal
access
to
data
across
servers,
media
types
and
storage
networks.
The
Company's
products
are
used
by
a
broad
range
of
customers
that
include
large
multinational
companies,
mid-size
and
small
businesses
and
governmental
agencies
encompassing
a
broad
range
of
industry
sectors,
such
as
financial
services,
retail
sales,
telecommunications,
transportation
and
a
variety
of
manufacturing
industries,
as
well
as
educational,
scientific
and
medical
institutions
located
around
the
world. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Storage
Technology
Corporation
designs,
manufactures,
markets
and
maintains
information
storage
products,
storage
services
and
storage
management
software.
For
the
six
months
ended
6/29/01,
revenues
rose
1%
to
$981
million.
Net
income
totaled
$9.2
million
vs.
a
loss
of
$38.9
million.
Revenues
reflect
higher
direct
sales
from
U.S./Canada
channels.
Net
income
also
reflects
improved
margins,
the
absence
of
a
$23.8
million
restructuring
charge,
and
lower
debt
levels. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Patrick Martin, 59 Chairman,
Pres, CEO | $3.0M | Robert Kocol, 44 Corp.
VP and CFO | 508K | Thomas Arnold, 38 VP
and Corp. Controller | -- | Jeffrey Dumas, 55 Corp.
VP, Gen. Counsel, Sec. | -- | Roger Gaston VP of HR | -- | Dollar
amounts are as of 29-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|