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Compellent Issues EqualLogic Statement

EDEN PRAIRIE, Minn. -- Compellent Technologies, Inc. (NYSE Arca: CML) released the following statements today regarding the announcement Dell Inc. made that it intends to acquire EqualLogic for $1.4 billion.

Phil Soran, Chairman and CEO of Compellent, said:

Dell’s acquisition of EqualLogic adds further momentum to the market for network storage solutions that support iSCSI. We agree with Michael Dell’s statement that our customers will be dealing with the largest increase in data we have seen in our history over the next few years. We believe that the simplification and virtualization of storage needs to be an essential element of any storage vendors’ market strategy.

The path to the virtual data center, though, should be lined with storage area network (SAN) products that offer simultaneous support for both iSCSI and FC server connections. A flexible approach to connectivity allows businesses to optimize their storage resources and select the right technology for each application, rather than being forced into a connectivity choice that may not work best for their business.”

Tony Asaro, senior analyst of Enterprise Strategy Group, said:

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