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StorageTek Rules Industry With Top Spot On Fortune's 2005 List Of America's Most Admired Companies

  • 24 February, 2005 15:37

<p>~ For the Fourth Straight Year, Peers and Competitors Single Out Storage Expert as No. 1 in its Industry for Innovation, Quality of Products and Services, and Financial Soundness ~</p>
<p>SYDNEY, Aust., -- Feb. 24, 2005 -- It's official: StorageTek is a dynasty. For the fourth consecutive year, FORTUNE Magazine has named the storage solutions company No. 1 in the computer peripheral category of its annual ranking of the America's Most Admired Companies.</p>
<p>StorageTek® (Storage Technology Corporation, NYSE:STK), the leading provider of enterprise information lifecycle management solutions, was singled out again by its peers based on its top scores in innovation, quality of products and services, financial soundness, employee talent, use of corporate assets, corporate responsibility, quality of management, and long term investment value.</p>
<p>StorageTek beat out its competitors in the computer peripheral category including Lexmark International, EMC, Symbol Technologies, Western Digital and Maxtor.</p>
<p>"There is no better compliment than being recognised as best-in-class by your peers and competitors," said StorageTek Chairman, President and CEO Pat Martin. "To be honoured as the most admired for four consecutive years really speaks to the talent, commitment and expertise of our employees, and to the loyalty of our customers who continue to turn to us for solutions to meet their increasingly complex data storage needs."</p>
<p>StorageTek, which is in the midst of its largest product launch ever, continues to innovate and demonstrate its market leadership and will continue to drive enhancements to its portfolio through 2005 and into the future. With its long history of innovation, StorageTek is best prepared to help customers increase the productivity of their primary storage assets; provide backup recovery systems that are reliable, less labor intensive and simpler; and design deep archive and compliance architectures that help keep customers in business while complying with regulations and laws that mandate data retention.</p>
<p>StorageTek also reported its 18th consecutive quarter of year-over-year earnings growth -- making 2004 the fourth consecutive year where earnings grew more than 25 percent. During this time, StorageTek has improved earnings per share by more than 600 percent.</p>
<p>FORTUNE's 2005 America's Most Admired Companies list is decided by 10,000 executives, directors and analysts who vote for the companies they most admire in eight key areas. Within each of the 65 industry categories, competitors are asked to rank companies within their category based on their knowledge of each company's performance in each individual area of focus.</p>
<p>"StorageTek has consistently dominated at what they do, and it apparently is not going unnoticed," said Steve Duplessie, founder and senior analyst of The Enterprise Strategy Group, Inc. "Good for them."</p>
StorageTek is a $US2 billion global company that enables businesses, through its information lifecycle management strategy, to align the cost of storage with the value of information. The company's innovative storage solutions manage the complexity and growth of information, lower costs, improve efficiency and protect investments. For more information, see</p>
<p>TRADEMARKS: StorageTek and the StorageTek logo are registered trademarks of Storage Technology Corporation. Other names mentioned may be trademarks of Storage Technology Corporation or other vendors/manufacturers.</p>
Chris Bowes
Bowes Communications
+61 (0)2 9387 2332
chris dot bowes at bowespr dot com</p>

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