Exabyte sees Mammoth 2 as another shot

BOULDER – In the race to release the best and fastest tape storage devices, Exabyte Corp. says it will come in first.

It’s no secret: Exabyte is hanging high hopes on its Mammoth 2 product to help rebound from losses in revenues earlier this year. The Boulder-based tape storage manufacturer in August announced plans to cut 200 employees from its worldwide workforce of 1,275 employees, a move that company officials said would net them annual savings of $11 million.

Earlier this month, the company reported gains of about 9 percent in third-quarter revenues from second-quarter revenues of $48.5 million to $53.04 million…