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Last $0.89 USD
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Volume 1.3M
As of 8:04 PM 11/25/15 All times are local (Market data is delayed by at least 15 minutes).

quantum corp (QTM) Key Developments

Swordfish Boosts Power and Agility with Quantum StorNext Pro Solutions Shared Storage System

Quantum Corp. announced that Swordfish is using the StorNext Pro Foundation shared storage system to take on cutting-edge projects involving massive high-resolution media files. Supplied by Advanced Systems Group LLC, a systems integrator specializing in media and entertainment, the Quantum solution provides the high-performance storage and workflow efficiency the Swordfish team needs to manage its video content, including stereoscopic 4K and heavy 3D renders of high-resolution content up to 27K. StorNext Pro Foundation is a complete solution that combines StorNext 5 software, redundant metadata controllers and high-performance storage in a simple-to-use preconfigured system. Users can deploy the solution as a new complete storage network or, as is the case with Swordfish, easily integrate it into their existing storage network. Sized for a smaller workgroup but able to provide the speed and power essential to real-time playback of massive files, StorNext Pro Foundation gives creatives at Swordfish the ability to work efficiently with huge volumes of 4K RED files. With the system's exceptional performance preventing issues such as dropped frames during playback, creatives can perform client-supervised sessions — much like the well-established, high-end postproduction and animation studios with which Swordfish aims to compete. StorNext Pro Foundation connects just as readily as any other drive in Swordfish's Mac-based shop. In addition, it operates so seamlessly with all the different applications the studio uses — Adobe After Effects and Premiere, Blackmagic DaVinci Resolve, Autodesk Maya, MAXON Cinema 4D, Side Effects Houdini and Tweak Software RV for playback — that creatives and freelancers can easily enjoy the benefits of fast collaboration on familiar Mac systems.

NASA Selects Quantum's StorNext Platform as Foundation for New Content Management & Storage System

Quantum Corp. announced that its StorNext scale-out storage platform will serve as the foundation for NASA's new Content Management & Storage System at the Kennedy Space Center. Vencore Inc., the prime contractor on the KSC Engineering Services Contract, has awarded a contract to systems integrator StorExcel to deploy a solution combining StorNext, IPV's Curator digital asset management system and Telestream's Vantage media processing platform. The integrated solution will enable the Kennedy Space Center to centralize, manage and preserve all its digital content, including footage from high-speed cameras used during launches, video from surveillance cameras, production video, digital prints and still imagery. The StorNext-based Content Management & Storage System has passed factory acceptance testing and is ready for deployment within a new data center being constructed at the Kennedy Space Center. StorNext is optimized for the most demanding workflows, providing a unique combination of the industry's fastest streaming file system performance and long-term data management for the lowest possible total cost of ownership (TCO). This low TCO is achieved through automated movement of content to the most cost-effective storage tier based on access requirements, all managed within a single solution. The StorNext system to be deployed by NASA provides multitier storage, including a metadata appliance, primary disk storage and an archive-enabled tape library. In combination with IPV Curator and Telestream's Vantage system, StorNext will enable the agency to: Manage more than 15 different digital formats across the entire content lifecycle import, transcode, process, distribute, export and retention/preservation; Search, preview and access any of the content through a secure web-based interface; and Scale to more than 10PB of storage capacity.

Quantum Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2015; Provides Earnings Guidance for the Third Quarter of 2016

Quantum Corporation announced unaudited consolidated earnings results for the second quarter and six months ended September 30, 2015. For the quarter, the company reported total revenue was $117,025,000 against $135,106,000 a year ago. Loss from operations was $9,619,000 against income from operations of $3,845,000 a year ago. Loss before income taxes was $10,880,000 against income before taxes of $1,604,000 a year ago. Net loss was $11,227,000 against net income of $1,248,000 a year ago. Basic and diluted net loss per share was $0.04 against basic and diluted earnings per share of $0.00 a year ago. Non-GAAP net loss was $7.4 million or $0.03 per diluted share against net income of $6.765 million or $0.03 per diluted share a year ago. The company generated $11.2 million in cash from operations. Non-GAAP operating loss was $5.8 million compared to operating income of $9.4 million in the same quarter a year earlier. Cash flows provided by operations for the quarter were $11.2 million. CapEx was $800,000 For the six months, the company reported total revenues of $227,881,000 against $263,234,000 a year ago. Loss from operations was $17,826,000 against income from operations of $2,338,000 a year ago. Loss before income taxes was $21,296,000 against $2,472,000 a year ago. Net loss was $21,982,000 against $3,076,000 a year ago. Basic and diluted net loss per share was $0.08 against $0.01 a year ago. Net cash used in operating activities was $2,345,000 against net cash from operating activities of $8,551,000 a year ago. Purchases of property and equipment were $1,611,000 against $1,912,000 a year ago. Non-GAAP net loss was $14,412,000 or $0.06 per diluted share against net income of $9,144,000 or $0.04 per diluted share a year ago. The company provided earnings guidance for the third quarter of 2016. For the quarter, the company expects forecast gross margin rate on a GAAP basis is to be 41.7% to 42.8%. Forecast gross margin rate on a non-GAAP basis is to be 42% to 43%. Forecast diluted earnings per share on a GAAP basis are to be $0.01 to $0.02. Diluted earnings per share on a non-GAAP basis are to be range between from $0.02 to $0.03. Revenue is to be in the range between from $130 million to $140 million. Interest expense is to be $1.4 million and taxes are to be $400,000. Non-GAAP OpEx of $48 million to $50 million, $1.4 million in interest, $400,000 in taxes, resulting in non-GAAP EPS range of $0.02 to $0.03.

Quantum Corp. Unveils Xcellis High-Performance Workflow Storage Solution

Quantum Corp. announced Xcellis workflow storage, the company's next-generation, high-performance storage solution engineered to optimize demanding workflows, accelerate time to insight and empower organizations to drive greater success. The new solution addresses the explosive growth of unstructured data and the opportunity to capitalize on its strategic value by enabling users to share and leverage this data more quickly, easily and cost-effectively. Powered by Quantum's StorNext scale-out storage platform and its streaming performance, Xcellis can be deployed as a standalone system or as the primary storage component within a multitier storage environment incorporating object storage, tape and cloud technologies. For customers in highly data-intensive fields such as video production, intelligence, surveillance and technical applications (e.g., genomics, medical imaging, oil and gas exploration), meeting business and mission objectives depends on the ability to derive value from their digital assets. However, a key challenge has been storing and managing this data in a way that cost-effectively meets performance and access needs in an end-to-end workflow. While scale-out NAS products have enabled organizations to leverage their IP infrastructure, these offerings have been unable to keep up with the greater performance and scalability demands generated by increasingly larger data files and higher content resolutions. Xcellis overcomes these limitations and delivers a comprehensive solution that automates and simplifies data management, providing a unique combination of converged architecture, continuous scalability and unified access in a single system. Converged Architecture: At the heart of the new solution is the new Xcellis Workflow Director, a converged compute, network and file system controller that tightly integrates and streamlines the functionality of a StorNext environment. The Workflow Director: Consolidates multiple components into a single system, simplifying the overall storage architecture, operation, management and access for third-party applications; controls file system metadata and client access for SAN, Distributed LAN Client (DLC) and NAS connectivity (DLC is a connectivity option developed by Quantum); supports hosted applications that benefit from direct file access; and enables users to take advantage of automated storage tiering. Continuous Scalability: Xcellis delivers significant enhancements in capacity and scalability for greater efficiency and cost effectiveness: It nearly doubles the number of files that StorNext can handle to 10 billion files total, with 1.4 billion files under management; users can start with a small system and smoothly scale to the possible system without having to replace original hardware or take the system down, thereby protecting past investments; and utilizing Quantum's QXS disk storage arrays, Xcellis provides higher capacity and bandwidth that can scale independently. In short, unlike scale-out NAS offerings, Xcellis enables organizations to scale their storage continuously with consistent, deterministic performance as more users access data, pay only for whatever capacity or performance they require and avoid the need for extra compute power. Unified Access: Xcellis provides built-in unified access to data, including: High-performing Fibre Channel SAN connectivity; DLC connectivity for 'better-than-Ethernet' performance over Ethernet; and direct NAS connectivity. Xcellis supports every phase of the workflow with the most appropriate connection to match the performance requirements of users. While more performance-focused clients will benefit from the high-speed SAN connectivity, less data-intensive operations can be completed via NAS connections over Ethernet. Xcellis ties all of these elements together and simplifies shared access through a single namespace, regardless of the number of file systems, allowing each user to access the needed files at a level of performance appropriate to the job. In addition, because DLC and NAS connectivity are separately licensable options, users pay only for the base unit and the type of connectivity they want.

Quantum Corporation Presents at Needham’s Next-Gen Storage/Networking Conference, Nov-05-2015 04:30 PM

Quantum Corporation Presents at Needham’s Next-Gen Storage/Networking Conference, Nov-05-2015 04:30 PM. Venue: Millennium Broadway Hotel, New York, New York, United States. Speakers: Jonathan W. Gacek, Chief Executive Officer, President and Director, Linda M. Breard, Chief Financial Officer, Chief Accounting Officer and Senior Vice President of Finance & IT.


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