Qualstar Corporation Schedules Earnings Report and Shareholder Conference Call

Business Wire, Oct 27, 2000

Business Wire

CANOGA PARK, Calif.--(Business Wire)--Oct. 27, 2000

Qualstar Corporation (Nasdaq:QBAK), the Canoga Park-based manufacturer of tape libraries, announced today that it anticipates reporting first quarter earnings for the three months ended Sept. 30, 2000, after the market closes on Oct. 30, 2000.

Management will host a shareholder conference call at 5:00 p.m. EST on Monday, Oct. 30, 2000. The dial-in number is 888/214-7597.

A replay of the call will be available shortly after the call ends until Nov. 20, 2000 at 11:59 p.m. EST on Qualstar's Web-site at www.qualstar.com.

Qualstar Corporation designs, develops, assembles and sells magnetic tape libraries used to store, retrieve and manage electronic data primarily in network computing environments.

Qualstar's tape libraries have native uncompressed storage capacities ranging from 200 gigabytes to more than 30 terabytes of native (uncompressed) storage capacity; can utilize several popular tape formats; and are compatible with most network operating systems and storage management software applications.

Qualstar's products are sold worldwide, primarily to value-added resellers and original equipment manufacturers.

Statements in this press release concerning the future business, operating results and financial condition of the Company are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based upon management's current expectations and are subject to a number of uncertainties that could cause actual performance and results to differ materially from the results discussed in the forward-looking statements.

Factors that could effect the Company's actual results include unexpected shortages of critical components, delays in the availability of LTO tape drives and media, unexpected product design problems, and adverse changes in market demand for tape libraries or Qualstar's products. Further information on these and other potential factors that could affect the Company's financial results are included in Qualstar's Form 10-K dated Sept.28, 2000 filed with the Securities and Exchange Commission.