5/28/2002 - Dot Hill Systems Corp. (NYSE:HIL) today announced it has entered into a multi-year product purchase agreement with Sun Microsystems, Inc. Under the terms of the agreement, Dot Hill will produce and private label certain products for Sun. As part of the relationship, Dot Hill will issue warrants to Sun, providing Sun with the opportunity to own roughly five percent of the outstanding common shares of Dot Hill. "This is an extremely important opportunity for Dot Hill and we are obviously very pleased to have been selected by Sun," said Jim Lambert, Dot Hill's chief executive officer. "While the contract does not guarantee any minimum purchase amounts and we cannot say when customer shipments will begin, we expect it to have a positive impact on our business and financial results."
Previous Page | News by Category | News Search
If you found this page useful, bookmark and share it on: