Crossing the Continental Divide, Hitachi Data Systems helps bridge the digital divide by funding new Colorado higher education institute
13 March, 2000 — Hitachi Data Systems, a wholly-owned subsidiary of Hitachi, Ltd. (NYSE: HIT), today announced an investment in the Colorado Institute of Technology (CIT), a new state institution projected to be a world-class education and research facility for the technology sector. Colorado Governor Bill Owens announced the formation of the new institute Wednesday, March 8 during a press conference at the Qwest Tower in Denver.
Hitachi Data Systems joins Sun Microsystems, Qwest, U S WEST, and Level 3 Communications in funding Colorado's newest institute of higher education. Initial commitments for CIT total $41 million in cash and products and services over the next five years.
"Our operations in Colorado are growing and along with Qwest, US WEST, Level 3 Communications, and Sun Microsystems, we support this worthwhile effort," said Dave Roberson, Chief Business Officer, Hitachi Data Systems. Hitachi Data Systems has a regional office in Denver that covers an eight-state region with $65 million in annual revenue.
Hitachi Data Systems' contribution came after Governor Owens' visit to Silicon Valley last summer, where he met with Hitachi Data Systems' CEO Yoshihiro Koshimizu and a subsequent visit last fall to Japan, where he met with Etsuhiko Shoyama, president of Hitachi Data Systems' parent company, Hitachi, Ltd.
Committed to helping customers exploit the value of information technology for success in the Internet economy, Hitachi Data Systems, a wholly-owned subsidiary of Hitachi, Ltd. (NYSE:HIT), is a leading provider of business solutions for the world's most information-intensive corporations. For further information on Hitachi Data Systems, access www.hds.com.
Hitachi, Ltd., headquartered in Tokyo, is one of the world's leading global electronics companies, with fiscal 1998 (ended March 31, 1999) consolidated sales of 7,977 billion yen ($65.9 billion). The company manufactures and markets a wide range of products, including computers, semiconductors, consumer products and power and industrial equipment. For more information on Hitachi, Ltd., please visit Hitachi's Web site at http://www.hitachi.co.jp.
¹ At an exchange rate of 124 yen to the dollar.
Contacts: PR
Hitachi Data Systems is registered with the U.S. Patent and Trademark Office as a trademark and service mark of Hitachi, Ltd. Built for Fast Times is a trademark of Hitachi America, Ltd. VisionDesk and VisionBase are trademarks of Hitachi Data Systems. Pentium is a trademark of Intel Corporation
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