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  September 5, 2001
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Home > Company Index > Computer Hardware > Data Storage Devices > MTI Technology Corporation

MTI Technology Corporation
Nasdaq: MTIC
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 PROFILE
MTI Technology makes libraries more redundant. The company makes high-performance data storage devices based on redundant array of independent disks systems. Its Gladiator and Vivant server systems (nearly 60% of sales) connect to various computers to store data. MTI also makes tape library systems (15% of sales) and data management software (5%), and provides technical support. Clients include Investor's Business Daily, Digex, and DoubleClick. MTI is moving into Fibre Channel storage systems, Linux technology, and other new markets. Chairman Raymond Noorda, former CEO of Novell, owns 45% of MTI.

 COMPETITION
EMC Corporation (EMC)
International Business Machines Corporation (IBM)
Sun Microsystems, Inc. (SUNW)

 TRACKERS
May 08, 2001 - LAYOFF TRACKER
86 laid off
Description: Trimming employees along with announcing lower-than-expected earnings. Layoffs represent 13% of its workforce.

More LAYOFF NEWS

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2001 Sales (mil.): 161.70
1-Yr. Sales Growth: (28.8)%
Employees: 554
Revenue per employee: $291,877.26

 KEY PEOPLE
• Thomas P. Raimondi
    CEO
• Dale Wight
    CFO

 CONTACT INFO
4905 E. La Palma Ave.
Anaheim, CA 92807
US
Phone: 714-970-0300
Fax: 714-693-2202
Online: Web Site

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