February 11, 2000

StorageTek sees e-business future

LOUISVILLE – Y2K didn’t cause systems to melt down at Storage Technology Corp., but 2000, nevertheless, will mark a year of rebuilding for the 30-year-old data storage company.For the first time, StorageTek (NYSE:STK) is publicly talking about reaching a much smaller customer than its traditional Fortune 500 client. The success of the nimble but well-funded Internet entrepreneur obviously has caught the Louisville company’s attention.
As dust settles from its Feb. 3 announcement that David Weiss, StorageTek’s chairman, president and chief executive officer, will resign, along with the company’s No. 2 exec, Chief Operating Officer Victor Perez, analysts pondered the company’s…

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