Exabyte says 150 to lose jobs as company refocuses products

Computer data storage company Exabyte Corp. announced fourth-quarter losses and a plan to close or sell its Eagle division.

About 150 layoffs are expected in the first quarter of 1998 as a result of the losses. The Eagle division was concentrated on personal computers. Instead, Exabyte will focus its resources on application server products, which include its original 8 millimeter drive and the DLT automated data storage library.

Boulder-based Exabyte reported 1,500 employees and revenues of $363 million for 1996. The company’s stock price was below book value…