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NEWS RELEASE
FOR IMMEDIATE RELEASE


          CNT COMPLETES ACQUISITION OF INRANGE TECHNOLOGIES CORPORATION

CNT is now one of world's largest providers of complete storage networking
products, solutions and services

MINNEAPOLIS, MAY 5, 2003 -- CNT (Nasdaq: CMNT), the global expert in storage
networking, announced today the completion of the acquisition of Inrange
Technologies Corporation. This powerful and industry unique combination will
provide all customer segments -- from mid-range to enterprise -- a complete
suite of storage networking products and services for local, metro and remote
environments. In addition, with this expanded base of products and services, the
resulting company will be better positioned to meet customer needs and provide a
broader, more comprehensive line of complete end-to-end storage networking
solutions.

Under the terms of the acquisition agreement, CNT has acquired all outstanding
shares of Inrange in an all-cash transaction valued at approximately $190
million, or $2.31 per Inrange share. CNT will record a one-time charge
associated with the acquisition in the second quarter of fiscal 2003.

CNT believes it will now realize a global leadership positions in Fibre Channel
and wide area network switching, and operations worldwide with combined fiscal
2002 pro-forma annual revenues of approximately $435 million. CNT expects the
acquisition to be accretive to earnings per share by at least 10 percent in 2003
and to achieve annual cost savings of between $10 and $15 million to be fully
phased in by early 2004. CNT expects to accomplish most of the integration work
during the second quarter.

Thomas G. Hudson, chairman, president and CEO of CNT, said, "The completion of
this acquisition is great news for the customers, partners, shareholders and
employees of CNT and Inrange. Not only are we strengthening CNT's portfolio of
storage networking products and solutions, we are also expanding our expertise
and solutions worldwide. We are in a better


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CNT
6000 Nathan Lane North  Minneapolis, Minnesota 55442
Tel: U.S. 800-638-8324  International 763-268-6600  Fax: 763-268-6800

CNT Completes Acquisition of Inrange
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position than ever to delivery business continuity solutions to our customers
that drive business efficiencies in their organizations and strong return on
investment."

CNT will continue to provide a full range of storage networking products,
solutions and services for local, metropolitan and wide are network, including
an integrated product line of Fibre Channel Directors, Storage Directors and
Storage Routers.

ABOUT CNT

CNT is the expert in today's most cost-effective and reliable storage networking
solutions. For nearly 20 years, businesses around the world have depended on us
to improve business efficiency, increase data availability and manage their
business-critical information. CNT offers expertise in storage architecture and
business continuity, innovative UltraNet storage networking technology, and the
advantage of end-to-end solutions that include consulting, multi-vendor
integration, support, and managed services. For more information, visit CNT's
web site at www.cnt.com or call 763-268-6000.

                                       ###

Certain statements in this press release contain "forward-looking statements"
under the Private Securities Litigation Reform Act of 1995. These
forward-looking statements may include statements about benefits we expect to
obtain from the merger, such as efficiencies, costs savings, market profile and
competitive ability and position of the combined company, whether the
transaction is accretive and other statements identified by the words "may,"
"should," "expect," "plan," "anticipate," "believe," "estimate," "predict,"
"intend," "potential" or "continue". These forward-looking statements involve
risks and uncertainties. Actual results could differ materially from those
expressed or implied by these forward-looking statements as a result of certain
risk factors, including but not limited to the possibility that the benefits
from the anticipated merger cannot be fully realized, the possibility that costs
or difficulties related to the integration of our businesses will be greater
than expected, the impact of competition, availability of sufficient working
capital, and other risk factors relating to our industry as detailed from time
to time in our SEC filings. These statements are only predictions. Although we
believe that the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity, performance
or achievements. We disclaim any responsibility to update these forward-looking
statements.


FOR ADDITIONAL INFORMATION, CONTACT:
Greg Barnum                                                         Gail Greener
VP Finance and CFO                                                  VP Marketing
763-268-6110                                                        763-268-6791
greg_barnum@cnt.com                                         gail_greener@cnt.com