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EXHIBIT 99.2
TRICORD ANNOUNCES UPCOMING CONFERENCE VENUES, PLANS FOR PRODUCT
ANNOUNCEMENT AND RELEASE
WRABETZ TO SPEAK AT INVESTMENT SYMPOSIUM; COMPANY TO DEMO TECHNOLOGY AT STORAGE
NETWORKING WORLD
MINNEAPOLIS, MN (OCTOBER 25, 2000)- Tricord Systems, Inc. (Nasdaq: TRCD), today
announced that President and COO Joan Wrabetz is a speaker at the upcoming C.E.
Unterberg, Towbin E-Business Software & Storage Symposium on October 26, 2000
in New York, NY. Wrabetz will present an overview of Tricord's unique
aggregation technology and discuss the Company's direction in the server
appliance market. The event will be webcast live at
http://www.corporate-ir.net/media_files/priv/unterberg/pre_event_page.htm
during session five at 3:20 p.m. (EST), and also available for replay on the
site for a limited time.
Tricord is currently completing the development of its initial server appliance
for network-attached storage. The product has been in limited external testing
for the past three months, and the Company expects to enter the next phase of
beta testing within a few weeks. Tricord plans to announce the product in
mid-December 2000, with general availability anticipated in the second half of
Q1, 2001.
Tricord also will be providing technology demonstrations to industry analysts
and press in conjunction with the Storage Networking World conference on
October 30-31 in Orlando, Florida. The by-appointment demonstrations will
provide an overview of the capabilities of Tricord's revolutionary aggregation
technology based on its patented distributed file system software.
"Tricord is gearing-up to deliver on the promise of seamless aggregation - with
appliance products that are easily deployed and managed as a single pool," says
Wrabetz. "We are very excited to show industry leaders and influencers the
richness and elegance of the technology as we prepare to formally introduce it
to the marketplace."
For more information on these venues, please visit our web site and follow the
links at http://www.tricord.com/news/events.asp.
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ABOUT TRICORD
Tricord Systems, Inc. designs, develops and markets a line of innovative server
appliances that enable critical business services ranging from data storage and
content management to eCommerce. Based on revolutionary distributed file
system technology, these intelligent, single purpose devices feature seamless
aggregation with unprecedented ease of management. Founded in 1987, Tricord
systems in based in Plymouth, MN, with offices in Colorado, California and
Georgia. For general information, visit the Company's web site at
www.tricord.com.
"Safe-Harbor" Statement Under Private Securities Act of 1996: The statements
contained herein that are not historical facts contain forward-looking
information with respect to plans, projections or future performance of the
Company. There is no guarantee or assurance that these plans, projections or
future performance of the Company as indicated will be achieved, and actual
results could differ materially. Factors, certain risks and uncertainties that
could impact the Company's future results include, without limitation, the
ability of the Company to complete development and release commercially its
server appliance products, the ability to enter into OEM relationships or
otherwise develop distribution capabilities, the market acceptance of
Tricord-enabled products, the ability of the Company to protect and enforce its
intellectual property rights, the ability of the Company to raise additional
capital if needed and to maintain its cost structure in accordance with its
operating plan, and other risks and uncertainties detailed in the Company's
filings with the Securities and Exchange Commission.
For more information, please contact:
Matt Harris, JWT Specialized Communications
314-432-6300
or
Elizabeth Hersey, Tricord Systems, Inc
763-551-6609
