Mark Fredrickson Quotations

During the course of the past year, it became evident that the $3 billion target was less realistic. So in the course of the settlement discussions, this was addressed and resolved.

We've always had a policy of qualifying and buying the very best technology that we can put in our systems. We intend to continue to buy disk drives from IBM, contingent on their ability to meet our standards.

They're going to resell each other's products, which is a sign of weakness. From Compaq's standpoint, that's an acknowledgement that they lack a high-end storage product. From IBM's standpoint, it's an acknowledgment that they've been unable to sell the Shark product outside of the very narrow mainframe market that they cater to.

The suit is without merit, and we will vigorously defend ourselves. Beyond that, we will not comment on ongoing litigation.