Adaptec and IBM Ink RAID Licensing and OEM Agreements which Adaptec Expects Will Spawn Approximately $200 Million in New Revenue

3/27/2002 - Adaptec, Inc. (NASDAQ:ADPT), a global leader in data storage access solutions, today announced licensing and OEM agreements with IBM (NYSE: IBM) that it expects will lead to approximately $200 million in new revenue opportunities for Adaptec over the next three years. According to the agreements, Adaptec will supply RAID products to IBM for its xSeries servers and license IBM's ServeRAIDTM technology for use in its PCI RAID and external RAID products.

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