Quantum Corp. (NYSE: QTM), the leading globalspecialist in backup, recovery and archive, today announced that it isreducing its workforce by approximately eight percent (180 positions) andtaking other steps to decrease expenses, largely in response to the globalfinancial crisis and related market uncertainty. Quantum expects thesecombined actions to result in annual savings of approximately $18 million,and the company will see a partial benefit from the changes in its quarterending Dec. 31, 2008. Quantum's preliminary estimate of the costsassociated with these changes is
Quantum Corp. (NYSE: QTM), the leading globalspecialist in backup, recovery and archive, today announced a newpreconfigured Dxi? appliance model optimized for small and mediumenterprise environments, and a new configuration program designed to enablechannel partners to size, order and install deduplication solutions evenmore effectively. Together, the DXi7500 Express disk backup system andQuikFit configuration program offer a streamlined path to deploying andmanaging deduplication in a wide range of distributed and midrangeofferings.
Market Analysis Commentary: Relative Price Volume Momentum Tracks scans the Russell 3000 components for stocks that are moving up or down on relatively strong surging volume. Such stocks may signal institutional buying or selling and have a tendency to continue further in their current market direction. From a contrarian perspective, buying and selling on extreme volume also has a tendency to produce short term reversals of a stock’s market direction on the following day of trading.
MGM mulls Manhattan. MGM Mirage (MGM) and Dubai World may join to buy Harry Macklowe's Drake Hotel site. The partners would assume $580M in defaulted debt and interest, and probably pay another $200M for the East 56th and Park Ave. site. "A Park Avenue address is prestigious and well regarded from a global perspective, and a globally recognized brand would be a good combination," hotel investment broker Mark Gordon says.
Can Icahn seize Yahoo? Carl Icahn unveiled his Yahoo (YHOO) proxy slate (including Dallas Mavericks owner Mark Cuban),...
Notable Calls submits: Avian Securities is out with some interesting comments on Quantum (NYSE:QTM)
saying their recent conversations have revealed two data points that
have significant (positive and negative) ramifications for the stock: 1)
They believe that Quantum is in the final stages of negotiating a
reseller agreement with EMC for its DXi data deduplication products.
2) Expected general availability of Quantum?s DXi-7500 has been pushed out to at least calendar Q1. Complete Story »
When Intel (INTC) and IBM (IBM) beat analysts? sales expectations earlier this month, many took it as a sign that the
usually volatile technology industry ? with its stocks
on the rise for the better part of three years ? remains
insulated from the issues that have hurt financial
stocks and the economy.
The NASDAQ Composite Index stood near
seven-year highs, and PowerShares Dynamic
Hardware & Consumer Electronics (PHW) continued its run.
The fund?s NAV is up 36.5% since its December 2005
inception, about 16 percentage points better than the
S&P...
SAN JOSE, CA--(Marketwire - December 4, 2008) - Quantum Corp. ( NYSE : QTM), the leading global specialist in backup, recovery and archive, today announced that it will be presenting at the ...
MORGAN HILL, Calif. , Dec. 3 /PRNewswire/ -- Cache-A Corporation, a professional video storage solutions provider, today announced that it has licensed A-Series technology from Quantum Corporation ...
DUBLIN, Ireland, Nov 27, 2008 (BUSINESS WIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/fcdd3f/quantum_corporatio) has announced the addition of the "Quantum Corporation ...
Quantum Corp. (NYSE: QTM) announced that it is reducing its workforce by approximately eight percent (180 positions) and taking other steps to decrease expenses, largely in response to the global ...
Quantum Corp. (NYSE: QTM), the leading global specialist in backup, recovery and archive, today announced that it is reducing its workforce by approximately eight percent (180 positions) and ...
By Brian McCumsey "Quantum of Solace," the 22nd James Bond movie, is an action-packed bore-fest - a terribly scripted excuse to show action sequences that are neither interesting nor compelling ...
SAN JOSE, CA--(Marketwire - November 19, 2008) - Quantum Corp. ( NYSE : QTM), the leading global specialist in backup, recovery and archive, today announced a new preconfigured Dxi? appliance ...
By Paul Travis, November 3, 2008, 4:40 PM Dell Inc. (Nasdaq: DELL) said on Monday that it is working with EMC Corp. (NYSE: EMC) and Quantum Corp. (NYSE: QTM) to develop a common architecture for ...
SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trading in Thursday's session are Eastman Kodak Co., Viacom Inc., and Starbucks Corp.
Quantum Corp.'s fiscal first-quarter loss widened to $22.6 million, or 11 cents a share, from $3.58 million, or 2 cents a share, a year earlier, boosted by its acquisition of ADIC. The San Jose tape drive maker said the acquisition reduced earnings by about 14 cents a share. Quantum's product revenue for the quarter ended June 30 increased 39% to $221.7 million from $159 million a year ago, the company said. Total revenue rose 32% to $245.8 million from $186.6 million a year earlier. On average, analysts polled by Thomson Financial predicted first-quarter earnings of less than a penny...
SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trading in Thursday's session are Gap Inc., Mylan Laboratories Inc., and Limited Brands Inc.
Quantum Corp.'s fiscal fourth-quarter net loss narrowed to $20.3 million, or 10 cents a share, from a year-earlier net loss of $23 million, or 12 cents a share. The recent period included stock compensation, acquisition and other items that reduced results by 11 cents a share. The San Jose storage-device and software company's revenue grew about 35% to $277.3 million, from $205.7 million for the year-earlier period ended March 31. Wall Street expected non-GAAP earnings of 4 cents a share, on revenue of $289.2 million, according to the average estimate of analysts polled by Thomson Financial.
Stocks 
The NASDAQ Composite Index stood near
seven-year highs, and PowerShares Dynamic
Hardware & Consumer Electronics (PHW) continued its run.
The fund?s NAV is up 36.5% since its December 2005
inception, about 16 percentage points better than the
S&P...
