| Business Summary | | MTI
Technology
Corporation
is
a
provider
of
high-availability,
fault-tolerant
solutions
for
the
enterprise-storage
marketplace.
MTI
Technology
designs,
develops,
manufactures,
sells
and
supports
a
complete
line
of
integrated
products
and
services
that
provide
customers
with
a
full
range
of
hardware,
software
and
networking
components
as
well
as
sophisticated
professional
services,
which
the
Company
combines
into
one
solution
to
provide
continuous
access
to
online
information. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MTIC
designs,
manufactures,
markets
and
services
data
storage
solutions
including
solid
state
disk
systems,
fault
tolerant
RAID
disk
arrays,
tape
libraries
and
storage
management
software.
For
the
three
months
ended
7/7/01,
revenues
fell
21%
to
$29.8
million.
Net
loss
totaled
$36.5
million,
up
from
$8.7
million.
Revenues
reflect
a
decrease
in
demand
for
proprietary
products.
Net
loss
also
reflects
a
decrease
in
gross
margins
due
to
lower
operating
efficiencies. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Raymond Noorda, 76 Chairman | -- | -- | Thomas Raimondi, Jr., 43 Pres,
CEO | $308K | $5.6M | Dale Wight CFO | -- | -- | Paul Emery, II COO | -- | -- | Richard Ruskin Exec.
VP, European Operationsn | 297K | 2.3M | Dollar
amounts are as of 1-Apr-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|