Steel Excel (SXCL) 10-K2004 FY Annual report

Filed: 14 Jun 04, 12:00am

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Readability	8th grade Avg

New words: addressing, Ahmet, alliance, attest, bargaining, bond, breadth, broker, built, civil, classification, composed, conclusion, Concurrent, Condensed, consecutive, constituted, coordinate, counterparty, country, criminal, dealing, debate, difficultly, dissatisfaction, distinct, Draft, easier, Elipsan, EPS, ethical, Euro, flat, fulfill, fulfilled, fulfilling, greatest, grew, grown, Hai, Hauppauge, health, Hon, honest, Houssein, Infortrend, instrument, Investor, IPsec, Jayam, junior, lapsed, lesser, linearity, marshall, mercer, midst, mitigate, mohr, multiterabyte, NAC, ODM, organizational, Oversight, Oxley, permanently, post, Precision, Pricewaterhouse, principle, privacy, Ram, rank, Ratification, recourse, registered, relocation, reorganization, reorganizing, residual, respond, revised, Rim, safety, saleable, SCG, scott, shutdown, slight, span, stricter, stringent, Supplementary, text, transport, treasury, treated, unpaid, unwind, West, wrongdoing, Xyratex

Removed: active, administration, ASPI, assimilate, attaining, attempt, attractive, Australia, bandwidth, bank, Beijing, Bretonneux, call, Camberley, Celestica, Colorado, combining, configuration, controlling, Dazzle, distribute, ease, east, editing, efficiently, eliminating, embed, England, Exercisibility, favorably, firmly, France, freeing, fundamental, furniture, gave, graphical, Haar, Hampshire, hedged, Hong, human, indemnify, installed, Internationally, JNI, john, joint, Kong, leasehold, legacy, Linux, Longmont, machinery, Macintosh, microprocessor, modification, monitoring, motherboard, movement, Nashua, negotiate, netware, NT, obligated, occasionally, occupied, open, pending, periodically, physical, physically, pioneered, popular, power, Prime, programming, proportionately, recent, Redmond, requiring, responsible, restrictive, retention, ROMB, satisfied, settling, signature, split, substitute, Surrey, tape, temporary, Tokyo, traditional, traffic, transferred, transitional, undiscounted, unexercisable, unix, upgraded, user, vacated, versatility, Washington, Waterloo, workstation, wrote, yield

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Exhibit 21.01

SUBSIDIARIES OF REGISTRANT

Adaptec Mfg. (S) Pte. Ltd.
No. 2 Chai Chee Drive
Singapore 469044
(011-65) 245-7300

Adaptec GmbH
Richard-Reitzner-Allee 8
D-85540 Haar
Germany
(011-49) 89-456-4060

Adaptec UK, Ltd.
Bldg 4, Archipelago Lyon Way, 1^st Floor
Camberley, Surrey GU16 5ER
(011-44) 1276-854500

Adaptec Japan Ltd.
Harmony Tower, 3F
1-32-2, Honcho
Nakano-ku, Tokyo 164-8721
Japan
(011-81) 3-5365-6700

Adaptec (India) Pvt. Ltd.
6-3-1086 4^th Floor "Vista Grand Towers"
Rajbhavan Road, Somajiguda
Hyderabad, India 500 080
(011-91) 40-6661555

Elipsan UK Limited
Howard House
Queens Avenue
Bristol BS8 1SD
United Kingdom
(011-44) 117-930-9600

Eurologic Systems Ltd.
Clonshaugh Industrial Estate
Coolock, Dublin 17, Ireland
(011-353) 1-866-1200

ICP vortex Computersysteme GmbH
Konrad-Zuse-Str. 9
D-74172 Neckarsulm
Germany
(011-49) 7132-9620-0

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Exhibit 21.01

SUBSIDIARIES OF REGISTRANT