Vixel Announces Stock Repurchase Program

Storage Area Network solutions provider Vixel Corporation today announced that it has adopted a stock repurchase program of up to $1 million.

The company said the repurchase program will begin immediately and will be made at the discretion of management as market conditions warrant and will continue through the end of 2001.

“The adoption of this program reflects the Company’s confidence in its long-term prospects and the prospects for the storage area networking marketplace,” stated James M. McCluney, Vixel’s President and Chief Executive Officer.

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