quantum corp (QTM) Key Developments
Quantum Revised Earnings Guidance for the Second Quarter Ended September 30, 2015
Oct 6 15
Quantum revised earnings guidance for the second quarter ended September 30, 2015. The company reported that it expects total revenue to be in the range of $116 million to $118 million, about 2% to 3% below the low end of the $120 million to $130 million range the company provided in its July guidance. But Quantum said the revenue trim is primarily driven by a quarter-end sales backlog of $8 million to $9 million, which is significantly stronger than the company's typical quarterly backlog of $1 million.
Quantum Receives Continued Listing Standard Notice From NYSE
Oct 6 15
Quantum Corp. announced that the New York Stock Exchange has notified the company that it is not in compliance with the NYSE's continued listing standard requiring that stocks trade at a minimum average closing price of $1 for 30 consecutive trading days. Under NYSE rules, Quantum has six months from receipt of the notification on Oct. 2, 2015, to comply with the listing standard. The company's stock will continue to be listed on the NYSE during this six-month period, subject to compliance with other NYSE continued listing requirements. The NYSE notification has no impact on Quantum's business operations.
Quantum Corp. Appoints Bassam Tabbara as Chief Technology Officer
Sep 28 15
Quantum Corp. announced the appointment of Bassam Tabbara as chief technology officer, with responsibility for driving the company's long-term technology strategy as it builds on its leadership in scale-out storage, archive and data protection. He joined Quantum in August 2014 as part of its acquisition of Symform's cloud platform, having served as the company's CTO and co-founder. Since joining Quantum, Tabbara has played a key role in defining the company's cloud technology direction and in the development of its new Q-Cloud service offerings.
Quantum to Add LTO-7 Drives to Expansive Tiered Storage Portfolio
Sep 15 15
Quantum Corp. announced plans to make LTO Ultrium format generation 7 technology available in its Scalar® and StorNext® AEL tape libraries. The latest generation of LTO tape offers a low-cost, highly energy-efficient, long-term storage solution for companies struggling to manage the massive growth of unstructured data and maximize the value of their digital content. The new LTO generation 7 specifications more than double the tape cartridge capacity from the previous generation, to as much as 15TB per cartridge, providing more cost-effective, long-term retention of data. In addition, with tape drive data transfer rates of up to 750MB per second, or more than 2.7TB of data an hour per drive, LTO-7 systems will enable large files to be transferred more quickly.
Quantum Corp. and Veeam Partner to Maximize Data Availability for Virtual Environments
Aug 26 15
Quantum Corp. announced a Premier Technology Alliance partnership with Veeam® Software to bring their latest joint virtual machine (VM) storage and availability solutions to customers worldwide. This collaboration will enable the two companies to serve a broader range of customers with simplified virtual data backup solutions that deliver high performance and maximize production system availability while lowering the total cost of ownership (TCO). The Veeam + Quantum Advantage: The cost and complexity of VM protection has kept many IT departments from enjoying the full benefits of a virtualized environment. The combination of Veeam Backup & Replication™ software with Quantum's storage solutions maximizes data availability, enabling files to be restored in just seconds and VMs to be restored in minutes while reducing both on-premise and disaster recovery (DR) site backup storage costs compared to traditional backup applications. This combination also shortens backup windows and dramatically simplifies VM backups.