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Salomon Axes Storage Team: Page 2 of 2

In December 1999, Vaughan and his associates were the first Wall Street analysts to produce a white paper on storage networking, referred to by the industry as "The SAN Book." In it, Salomon predicted that most storage would become networked and that Fibre Channel would dominate the storage landscape for the foreseeable future.

U.K. research group Datamonitor reports that investment banks, facing the most severe industry downturn for three decades, have already axed more than 100,000 jobs globally in the last two years.

Equities sales and research staff, once highly prized and compensated with fat bonuses during the Internet boom, are now on the firing line. Along with the tough market conditions, they also face increased scrutiny from new U.S. reforms banning investment banks from paying equities research teams out of revenues earned by corporate finance departments.

In other words: You're better off out of it, guys! Find a nice spot on the beach for a couple of months and send us a postcard!

As a result of Salomon's actions, Byte and Switch will be looking for a new candidate for its Top 10 Storage Stars movers and shakers list to replace Vaughan. Send your suggestions to [email protected]