Crossroads Systems Reports Third Quarter Results; Reduced IT Spending Impacts Results, While Compaq Win, Increased Cash Position Signal Improved Long-Term Outlook.
Business Wire › August 21, 2001
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Crossroads Systems Reports Third Quarter Results; Reduced IT Spending Impacts Results, While Compaq Win, Increased Cash Position Signal Improved Long-Term Outlook.
Business Editors & High-Tech Writers
AUSTIN, Texas--(BUSINESS WIRE)--Aug. 21, 2001 Crossroads Systems Inc. (Nasdaq:CRDS) a global provider of connectivity for storage networking solutions, today reported its results for the fiscal third quarter ended July 31, 2001, and announced a new agreement with Compaq Computer Corporation. In a separate press release, Crossroads announced that Larry Sanders, Crossroads president and chief operating officer, will succeed Brian R. Smith as chief executive officer on Nov. 1, 2001. Smith will remain Crossroads chairman of the board, focused on the company's technology direction. Un...See the full content of this document
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