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Last $1.15 USD
Change Today -0.07 / -5.74%
Volume 1.2M
QTM On Other Exchanges
Symbol
Exchange
New York
As of 2:05 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

quantum corp (QTM) Key Developments

Quantum Corporation Announces Support for the Xsan Distributed LAN Client

Quantum Corp. announced support for the Xsan Distributed LAN Client in the public beta of Apple's forthcoming operating system, OS X El Capitan. Now OS X El Capitan users can easily connect Xsan clients over Ethernet to a Quantum StorNext environment, enabling them to experience the full benefits of a StorNext-based workflow. StorNext, Quantum's shared storage platform which is 100% Xsan-compatible, has long allowed Mac users to plug into StorNext environments via Fibre Channel for high-performance workflow storage and collaboration. Increasingly, however, content owners are looking to leverage lower-cost Ethernet connectivity within their media workflows for such tasks as file inspection, QA and digital daily review. With the public beta release of OS X El Capitan, Xsan users can now enjoy full client access to a StorNext SAN environment to perform these critical tasks, using a simple Ethernet connection. The new Xsan Distributed LAN Client-StorNext functionality is now available for testing in the public beta of OS X El Capitan.

Quantum Corporation Reports Unaudited Preliminary Results for the First Quarter Ended June 30, 2015

Quantum Corporation reported unaudited preliminary results for the first quarter ended June 30, 2015. For the quarter, the company reported total revenues of $111 million, down from $128 million a year earlier. The lower-than-expected total revenue was largely due to overall weakness in the general-purpose storage market, as also indicated by other companies' announcements over the last two weeks. The lower revenue also impacted Quantum's bottom line, resulting in a GAAP net loss of approximately $11 million for the quarter and a non-GAAP net loss of approximately $7 million.

Quantum Corporation Achieves Compatibility Certification with Cisco Solution Partner Program

Quantum Corporation announced that its DXi deduplication appliances, Scalar tape libraries and StorNext Pro™ Solutions workflow storage have all successfully achieved Cisco Interoperability Verification Testing (IVT) compatibility certification with Cisco's Unified Computing System, the UCS B-Series Blade Servers. The Internet of Everything (IoE) continues to bring together people, processes, data and things to enhance the relevancy of network connections. As a member of the Cisco® Solution Partner Program, Quantum is able to quickly create and deploy solutions to enhance the capabilities, performance and management of the network to capture value in the IoE. Quantum now has three product classes with multiple models that have achieved Cisco IVT, enabling customers running applications on Cisco UCS hardware to leverage workflow, backup and archive storage solutions from Quantum for a variety of use cases: DXi Deduplication: The DXi4700 and DXi6900 are qualified to provide deduplication and backup for UCS environments. The DXi4700 is ideal for customers needing efficient data protection for data center, remote or virtual environments and includes military-grade encryption and extensibility to the cloud. The DXi6900 is designed to meet data protection needs of the next-generation data center, offering the high level of scale, performance and security. In addition, Quantum's DXi V-Series virtual deduplication appliance provides customers with the option to deploy deduplication as a virtual machine for VMware environments running on UCS hardware. Scalar Tape Libraries: The Scalar i40/i80, i500 and i6000 offer intelligent archive capabilities and long-term data retention for UCS customers. Proactive and automated monitoring and management reduce administration time and service interruptions, enabling IT staff to stay focused on key business objectives. Quantum is the market share leader in open systems tape automation, offering ease of management, performance, reliability and scalability. StorNext Pro Solutions: StorNext Pro Solutions enable collaborative workgroups and are now certified to run in conjunction with applications operating on UCS. Offering broadcast and postproduction professionals fast, easy, end-to-end storage for today's complex, high-performance workflows, StorNext Pro Solutions are based on StorNext 5 data management software, which provides a shared storage environment, policy-based tiering and the ability to scale to hundreds of petabytes.

Crossroads Systems Provides Update to its Patent Infringement Litigation Against Oracle, NetApp, Cisco, Quantum, Dot Hill, and Huawei

Crossroads Systems reported an update to its patent infringement litigation against defendants Oracle, NetApp, Cisco, Quantum, Dot Hill, and Huawei. The company is seeking monetary damages for infringement of U.S. patents 6,425,035, 7,051,147, 7,934,041, and 7,987,311. On June 16, the Federal Court in the Western District of Texas entered an order in which the Court determined the meaning of 17 disputed claim terms in the patents-in-suit. The order was consistent with the Special Master's recommendation issued on February 23, and overruled the defendants' objections on almost all disputed claims terms. The Markman order also closely parallels the claim constructions in previous litigation. A Markman order is significant to a patent case because it provides clarity to a number of patent infringement and validity arguments and must be followed by a jury in deliberations. This was the fourth time the Court has reviewed the meaning of the patent claims relating to Crossroads' '972 patent portfolio. Various patents in Crossroads' '972 access controls patent portfolio have been licensed to 51 companies over 14 years. Crossroads has received over $61 million in license fees and awards over that period. In conjunction with the Markman Order, the Court also granted a motion to stay the cases until the Patent Trial and Appeal Board issues a final decision in the instituted inter partes reviews. The first decision is expected in January 2016.

Crossroads Systems Seeks Monetary Damages for Infringement of U.S. Patents in the Patent Infringement Litigation Case against Oracle, NetApp, Cisco, Quantum, Dot Hill, and Huawei

Crossroads Systems announced that it is seeking monetary damages for infringement of its U.S. patents in the patent infringement litigation case against Oracle, NetApp, Cisco, Quantum, Dot Hill, and Huawei. The Federal Court in the Western District of Texas had entered an order in which the court determined the meaning of 17 disputed claim terms in the patents-in-suit. The order was consistent with the Special Master's recommendation issued on February 23, 2015 and overruled the defendants' objections on almost all disputed claims terms. The Markman order also closely parallels the claim constructions in previous litigation. A Markman order is significant to a patent case because it provides clarity to a number of patent infringement and validity arguments and must be followed by a jury in deliberations. The company announced that this was the fourth time the court has reviewed the meaning of the patent claims relating to Crossroads' '972 patent portfolio. In conjunction with the Markman Order, the Court also granted a motion to stay the cases until the Patent Trial and Appeal Board issues a final decision in the instituted inter partes reviews. The first decision is expected in January 2016.

 

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