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Follow UsBANGALORE: US based StorageTek, is ranked No. 1 in America’s most admired
companies list in the computer peripherals category by the Fortune magazine. The
company also scored well in The Wall Street Journal's shareholder
scoreboard and The Bloomberg personal finance’s top 100 hot stocks.
Says, Fortune ‘s Matthew Boyle, ‘Fortune’s ‘most admired’ seem to
perform at their best when the heat is on, consistently delivering to
shareholders, customers and employees. We admire companies that are successful
in transforming themselves, in good times and bad."
Fortune describes the list, now celebrating its 20th anniversary, as a
"definitive report card on corporate reputations." Corporate
executives, directors and securities analysts have recognized StorageTek for its
outstanding performance in the areas of innovation, financial soundness,
employee talent, use of corporate assets, long-term investment value, social
responsibility, quality of management and quality of products and services.
"This recognition encourages and validates the efforts our employees put
forth in 2001," said StorageTek chairman, president and CEO, Pat Martin.
"The confidence our customers and other stakeholders have in StorageTek
further reinforces our conviction that our corporate goals and values are right
on track."
StorageTek also entered the Bloomberg Top 100 hot stocks list ranking the top
performance stocks of 2001, the leaders in total return on investment. They were
ranked in the network backup and recovery software.
In The Wall Street Journal Shareholder Scoreboard, StorageTek ranked
15 out of 25 in "The most improved companies' category, which highlights
companies that show the biggest year-over-year gains in one-year returns on
investment. StorageTek showed a return of 180.9 percent.