StorageTek beefs up product line

LOUISVILLE — A month after the first wave of 500 employees were to leave Storage Technology Corp., life at the data storage company seems to be business as usual.

“People are just moving on,” says one engineer who was approved to leave the company through its voluntary separation agreement but has decided not to leave. “They’re throwing going-away parties, and we’re just trying to get the work at hand out the door.”

StorageTek met expectations July 29 when it reported diluted second-quarter earnings at 27 cents per share — just what analysts…