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Source: CNT Nixed TrueSAN Bid: Page 3 of 3

When asked to comment on this version of events, CNT spokeswoman Jennifer Weidauer said, "This is not an accurate statement overall." She declined to comment further.

Earlier this week, CNT announced plans to buy Fibre Channel director player Inrange Technologies Corp. (Nasdaq: INRG) for $190 million in cash (see CNT Walks Off With Inrange).

Ex-TrueSAN CEO Tom Isakovich, reached via email, also declined to comment, citing nondisclosure agreements. Isakovich resigned from the company on March 27.

The tale of CNT's unconsummated bid for TrueSAN sounds similar to that of Emulex Corp.'s (NYSE: ELX) aborted bid for Fibre Channel-over-IP gateway maker SAN Valley Systems Inc. (see Emulex Jilts SAN Valley).

Todd Spangler, US Editor, Byte and Switch