UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) June 29, 2004
(June 29, 2004)

STORAGE TECHNOLOGY CORPORATION
(Exact Name of Registrant As Specified In Its Charter)

Delaware 1-7534 84-0593263
(State or jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)

One StorageTek Drive, Louisville, Colorado 80028-4309
(Address of Principal Executive Offices) (Zip Code)

        Registrant’s telephone number, including area code (303) 673-5151

Not applicable
(Former Name or Former Address, if Changed Since Last Report)


Item 9.   Regulation FD Disclosure

The following information is furnished pursuant to Item 9, “Regulation FD Disclosure.”

Storage Technology Corporation (“StorageTek”) reports that a jury has awarded a total of approximately $11.9 million against it in a lawsuit in Superior Court of California by an individual former employee regarding an employment matter. StorageTek intends to vigorously seek to overturn and/or reduce the award.




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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: June 29, 2004 Storage Technology Corporation


By: /s/ Thomas G. Arnold
——————————————
Vice President,
Corporate Controller




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