Dixon Quits StorageNetworks’ Board

In personnel news from the intertwined world of the Massachusetts data storage industry, StorageNetworks
said Harry Dixon has resigned from its board of directors.

The Waltham, Mass., provider of data storage management services gave no reason for the departure. Dixon is a former executive at EMC , the Hopkinton, Mass., data storage giant, and co-founder and chairman of GiantLoop, a Waltham, Mass., optical networking firm.

StorageNetworks has no immediate plans to fill the vacancy.

“We appreciate Harry’s service during his tenure on the board and we wish him success in his future endeavors,” Peter W. Bell, StorageNetworks’
chairman and CEO, said in a terse statement this morning.

Bell is also an EMC vet.

Dixon’s resignation comes as data storage firms, once immune from the general technology market’s woes, are being hammered because of the sputtering economy.
Shares of STOR closed at 3.91 on Tuesday, near its year low of 3.69. At one point in the last 52 weeks, the issue had reached 111.75.

Last week, Bell reiterated earlier financial guidance, saying StorageNetworks would see revenues between $120 million and $127 million in 2001, and should
achieve positive gross margins in the third quarter. The company’s customers include Ford, Merrill Lynch, Sun Microsystems and Fujitsu.

Markets are closed today, following yesterday’s terrorist attacks in New York and Washington, D.C.

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