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Sorry "Money Doesn't Sleep"
I am not an expert. This is only an opinion, but:
$12.00~$15.00
hopefully a lot more, but based on the analysts $4 per share, and recents 3PAR's crazy skyrocket. I would say roughly in that range.
What wouold your quess on a Price
of a buyout be? or a take over Target
Price ? any clue thankx
Still have an eye on QTM today, watching asti, dsti, hiho, roac - pip has overbought alarms going off all over the place but keeps going dispite the warnings. pip got an upgrade to strong buy this morning, I am looking for a correction soon.
This was a good trade yesterday... did you catch PIP this morning ? I would be afraid to enter pip now, traded this and hit my limit before lunch, It didn't stop on the way up. I missed a really nice move but still happy with the trade.
Hard drivers going private?
Seagate Up on Deal Talks; Cubist Slides
By Michael Baron 10/14/10 - 07:07 PM EDT
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Stock quotes in this article:STX, CBST
NEW YORK (TheStreet) -- Shares of Seagate Technology(STX_) starred in after-hours action on Thursday after the hard drive maker acknowledged it's engaged in talks about going private.
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The company said it received a preliminary indication of interest from an undisclosed party about a potential deal and that it's now opened up discussions. Seagate has hired Morgan Stanley(MS_) and Perella Weinberg Partners to advise it during the process and its board will evaluate any proposal resulting from the talks as well as other strategic alternatives.
The stock was halted shortly after the close as the news was disseminated. It was last quoted at $15.40, up 21%, in extended trading on volume of more than 4.7 million, according to Nasdaq.com. Based on Thursday's regular session finish at $12.69, the shares were down roughly 30% so far in 2010, but they had rebounded admirably since scraping a 52-week low of $9.84 on August 27.
The appeal of Seagate for any potential acquirer rests on its leader status in both the overall hard drive and enterprise storage markets with shares of more than 30% and close to 60% respectively, according to ThinkEquity LLC, which coincidentally initiated coverage of the stock with a hold rating and $14 price target on Thursday.
Another big allure is likely the company's healthy free cash flow. ThinkEquity estimates Seagate generated $1.37 billion in cash on revenues of $11.4 billion in fiscal 2010 ended on July 2, and it's expecting the company to generate another $1.15 billion in free cash flow in fiscal 2011, despite margin compression and nominal revenue growth.
"Considering the strong FCF [free cash flow] model, we are not surprised that Seagate has attracted private interest recently," the firm said in its note, referring to media reports in late September that discussions with buyout firms TPG Capital and Silver Lake had fallen through.
Seagate's news lifted the other publicly traded drive makers with Western Digital(WDC_) tacking on more than 9% to $32.18 on volume of around 750,000, and Quantum(QTM_) adding 4.8% to $2.84 with almost 45,000 shares changing hands.
Seagate is set to report its fiscal 2011 first-quarter results on Oct. 20 with Wall Street expecting a profit of 45 cents a share in the September quarter on revenue of $2.72 billion.
Quantum Shares Popped Again: What You Need to Know
By Anders Bylund | More Articles
October 14, 2010 | Comments (0)
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: For the second time this week, data storage specialist Quantum (NYSE: QTM) is riding high on a 12% boost to its share price.
So what: The analyst upgrade that sparked last Friday's big move appears to have hit a nerve, as trading volumes in Quantum stock have stayed unusually high ever since. The stock has been on a rampage for the past month or so, and market momentum can carry prices a long way.
Now what: Quantum's trailing P/E ratio of 75 looks extremely expensive, but the forward-looking version of the same metric is a value-steeped 8.4, and it's easy to see how this dichotomy fuels some extreme price swings, as tends to be the case when investors don't know what they're looking at. Like storage rivals Hitachi (NYSE: HIT) and Hewlett-Packard (NYSE: HPQ), Quantum seems like a great value play today. Unlike those behemoths, Quantum is a small cap flying under the radar, which could make it an even tastier treat.
Take a look @ the BBs, qtm is looking real good !
QTM Bollinger Bamds
Today's Resistance-1 @ $2.57
QTM UP 034 CENTS to 2.34 :BLACKROCK 4.96 PERCENT OWNERSHIP!
Amended Statement of Ownership (SC 13G/A)
Date : 10/08/2010 @ 12:20PM
Source : Edgar (US Regulatory)
Stock
: (QTM)
Quote : 2.34 0.34 (17.00%) @ 1:47PM
- Amended Statement of Ownership (SC 13G/A)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No: 1)
QUANTUM CORP
(Name of Issuer)
Common Stock
(Title of Class of Securities)
747906204
(CUSIP Number)
September 30, 2010
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 747906204
(1)Names of reporting persons. BlackRock, Inc.
October 8, 2010, 9:46 AM ET.Quantum Soars; Gleacher Sets Buy Rating; Sees Shrs Doubling.
By Eric Savitz
Quantum Corp. (QTM) shares are sharply higher this morning after Gleacher & Co. analyst Brian Marshall launched coverage of the stock this morning with a Buy rating and $4 price target.
The stock closed yesterday at $2.
“In our view, QTM is an intriguing under-the-radar small-cap value idea that is no longer simply an enterprise
storage tape vendor,” he writes. “In fact, we believe the company possesses two overlooked assets that have yet to be valued properly by the investment community,” referring to the company’s DXi disk-based back-up deduplication appliance, and its StorNext data management software. If those two products reach expectations, he says, the company can grow revenue 10% next year, with operating margins approaching 15%.
Marshall notes that the stock is trading at just 5x his calendar 2011 estimate of 40 cents a share, and 0.9x his calendar 2011 revenue forecast of $764 million. The stock, he notes, trades at a 60% valuation to the S%P 600 - a discount he considers “too extreme and not sustainable.”
QTM is up 28 cents, or 14%, to $2.28.
Quantum to Showcase StorNext 4.0 Software Enabling End-to-End Digital Workflow in Live Demonstration at IBC 2010
Date : 09/07/2010 @ 4:05PM
Source : MarketWire
Stock : Quantum Corporation (QTM)
http://ih.advfn.com/p.php?pid=nmona&article=44277191&symbol=QTM
Quantum Corp. (NYSE: QTM), the leading global specialist in backup, recovery and archive, today announced that it will conduct live demonstrations of a broadcast workflow and tiered storage environment enabled by the company's StorNext 4.0 data management software at IBC 2010. Designed to meet the challenges of tremendous rich media growth resulting from new 3-D and HD technologies, StorNext 4.0 software provides real-time, high-performance access, sharing, management, tiering and archiving of media files to optimize and speed production of final content. Also at the conference, Quantum will highlight its Scalar i6000 enterprise library with LTO-5 tape. Working with StorNext®, the Scalar i6000 gives broadcasters an intelligent and cost-effective tiered storage and archiving solution for long-term content retention and protection. With new Media Data Integrity Analysis (MeDIA) functionality in the Scalar i6000, broadcasters can be assured that their content is maintained at the highest levels of dependability required for media archives.
The StorNext 4.0 demonstration will show how it enables the specialized requirements of broadcast workflows whilst at the same time using well known industry applications running on standard hardware platforms.
Multiple Quantum partners will also be using StorNext to enable their demonstrations at the show.
Both the StorNext and Scalar i6000 products will be on display in Quantum's booth (Hall 7, Stand G27), September 10-14, at the RAI Centre in Amsterdam.
StorNext 4.0
In addition to its high-performance access, sharing and archiving capabilities, StorNext 4.0 boasts several new features for the media and entertainment industry, including partial file retrieval, replication and distributed data movers. For active archiving purposes, StorNext 4.0 provides media-aware, timecode-based Partial File Retrieval (PFR) to streamline workflow in media asset management applications. Operating in real time, PFR allows segments of large media files -- rather than the entire file -- to be quickly retrieved and utilized based on timecode parameters.
The new robust replication engine provides many options for protecting and managing data across distributed environments. Broadcasters can adopt a data distribution strategy to achieve a 24/7 global workflow, reducing project timelines and cost. In addition, with its deduplication functionality, StorNext 4.0 can intelligently replicate only unique data, thereby significantly reducing network bandwidth and storage requirements.
Finally, new distributed data movers (DDMs) deliver added performance to StorNext's Storage Manager™ archiving software by enabling faster access to content that has been archived to tape as part of a cost-efficient tiered storage strategy.
Scalar i6000
The Scalar i6000, introduced in April, is Quantum's new tape library built for large-scale environments. It can hold up to 5300 cartridges, enabling storage of 8 PB of media files or the equivalent of 2,000 hours of 4K HD video. With new security and failover features and greater capacity and performance improvements resulting from the integration of LTO-5 tape drives, the Scalar i6000 also saves significant floor space and lowers power and cooling costs.
The Scalar i6000 incorporates Quantum's next-generation iLayer™ software with an innovative new archiving and management feature called Media Data Integrity Analysis (MeDIA). This feature is ideal for checking the restore capabilities of archived or deep vaulted content stored on tape. It can proactively scan thousands of archived cartridges to detect potential data problems and maintain integrity. MeDIA provides three levels of media scanning and runs in the background so it does not affect day-to-day operations.
About Quantum
Quantum Corp. (NYSE: QTM) is the leading global storage company specializing in backup, recovery and archive. Combining focused expertise, customer-driven innovation, and platform independence, Quantum provides a comprehensive, integrated range of disk, tape, and software solutions supported by a world-class sales and service organization. This includes the DXi™-Series, the first disk backup solutions to extend the power of data deduplication and replication across the distributed enterprise. As a long-standing and trusted partner, the company works closely with a broad network of resellers, OEMs and other suppliers to meet customers' evolving data protection needs. Quantum Corp., 1650 Technology Drive, Suite 800, San Jose, CA 95110, (408) 944-4000, www.quantum.com.
Quantum, the Quantum logo, Scalar and StorNext are registered trademarks of Quantum Corporation and its affiliates. DXi, iLayer and StorNext Storage Manager are trademarks of Quantum Corporation and its affiliates. All other trademarks are the property of their respective owners.
"Safe Harbor" Statement: This press release contains "forward-looking" statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Specifically, but without limitation, statements relating to 1) customer benefits and value to customers from using Quantum's StorNext 4.0 software and Scalar i6000 libraries, and 2) customer demand for and Quantum's future revenue from such software and libraries, are forward-looking statements within the meaning of the Safe Harbor. All forward-looking statements in this press release are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum's actual results to differ materially from those implied by the forward-looking statements. These risks include operational difficulties, unforeseen technical limitations, unexpected material deviation in product operation, the ability of competitors to introduce new solutions that compete more successfully with our solutions, unexpected changes in market conditions and unanticipated changes in customers' needs or requirements, as well as the risks set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Risk Factors," in Quantum's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 6, 2010 and in Quantum's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 11, 2010. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Media Contact:
Jon Short
Red Lorry Yellow Lorry
+44 (0) 20 7403 8878
jons@rlyl.com
Institutional owns 10.86% more shares of QTM now compares with 3 months ago.
The aritcle from:
http://www.fool.com/investing/general/2010/09/02/9-takeover-targets-being-chased-by-the-smart-money.aspx
dragon doji showing up,guys, UTRM is up !
Data-storage sales rise 20% in second quarter, says IDC
Sept. 3, 2010, 11:20 a.m. EDT
http://www.marketwatch.com/story/data-storage-sales-rise-20-in-second-quarter-2010-09-03?siteid=yhoof
By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) --
Sales of external data-storage systems rose 20% in the second quarter, as customers continued to invest in a critical segment of the corporate tech market, an industry group said Friday.
External data-storage revenue totaled about $5 billion in the second quarter, up 20.4% from the year-earlier period, according to IDC. The market also grew 18.6% year-over-year in the first half of the year, the group said.
...
!! Comparison between EMC and Quantum
This news released on 1 september which is very VERY important to read:
Quantum compared the performance of the DXi6700 to EMC's new Data Domain 670, which has the same 56TB capacity of the DXi6700, but offers slightly faster throughput of 3.6TB per second, based a comparison of the published specs for the EMC product. However, the 670 is 55 percent more expensive than the DXi6700 with a starting price of $284,000.
Quantum also did side-by-side performance testing with the previous generation DD660 and reports that the Quantum model delivers 20 percent faster backups and 35 percent faster data restores at a 45 percent lower cost than the EMC model.
and more to read on:
http://www.networkcomputing.com/deduplication/quantum-storage-appliance-offers-enterprise-performance-to-mid-range-market.php
New Quantum Deduplication Appliance With VTL Interface Offers Unique Combination of High Performance, Simplicity and Value
Date : 08/30/2010 @ 8:00AM
Source : MarketWire
Stock : Quantum Corporation (QTM)
http://ih.advfn.com/p.php?pid=nmona&article=44175737&symbol=NY^QTM
Quantum Corp. (NYSE: QTM), the leading global specialist in backup, recovery and archive, today announced a new deduplication and replication appliance that leverages a VTL interface to offer midrange and enterprise customers an unmatched combination of performance, simplicity and value for Fibre Channel SAN environments. The DXi6700 delivers up to 3.5 TB per hour backup performance and provides up to 56 TB of usable capacity. The turnkey appliance comes with all licensed software features bundled at purchase, including both replication and direct tape creation. This approach gives customers a low-cost, easy-to-implement deduplication solution that works effectively with all leading backup applications, providing both multi-site and multi-tier data protection. In addition, the DXi6700 incorporates Quantum's new Advanced Reporting tools for improved resource utilization and ease of management.
"The DXi6700 adds to Quantum's DXi6000 models of purpose-built deduplication and replication appliances, following last year's introduction of the NAS/OST-optimized DXi6500 family for the midrange market," noted Jeff Boles, senior analyst, Taneja Group. "Combined with the launch of the DXi4500 for SMB environments in April, Quantum continues to focus on providing DXi-Series customers with a compelling combination of high performance and overall value."
High-Performance Appliance for Fibre Channel Environments
The DXi6700 provides IT departments with faster backup performance and trouble-free restores, while typically reducing disk capacity usage by 90 percent or more. Scaling from 24 TB to 56 TB usable capacity, the DXi6700 delivers enterprise-class speeds of up to 3.5 TB per hour in a platform with the simplicity and value to match midrange applications. All DXi6000 models provide advanced technology, utilizing the latest processor cores and 8Gb FC connections.
"Quantum was first to market with open systems VTL, and today our Fibre Channel deduplication systems solve demanding challenges for some of the largest organizations in the world," said Janae Lee, senior vice president, Disk and Software Products Group, Quantum. "With the DXi6700, customers get enterprise-class performance and reliability in an easy-to-use appliance that provides far greater value than competitive offerings in terms of both cost savings and benefits."
Simple and Affordable Backup and Retention with Integrated Tape Creation
The DXi6700's proven VTL interface integrates directly into existing Fibre Channel SAN environments for an easy-to-deploy disk backup solution. Its remote replication and integrated direct tape creation features provide both automated near-term disaster recovery and long-term data retention. Quantum's direct tape creation writes data from the DXi™ system to tape over a direct connection, bypassing the backup server. The operation is integrated with leading backup software to provide automation, a single point of management, and a fully synchronized catalog across disk and tape. All of this makes the DXi6700 an easily-shared backup and restore resource for all leading backup applications, offering multi-site, multi-tier protection that is simple to manage. Designed to be user-installable, the DXi6700 scales easily on-site without requiring a service visit, providing effective investment protection. It also integrates with Quantum Vision 4.0, which enables global management of Quantum disk and tape systems from a single console.
Practical Near-Term Disaster Recovery and Remote Office Protection
To address the persistent IT challenge of affordably managing disaster recovery protection for distributed sites, the DXi6700 replicates backup data between sites, using deduplication to reduce typical network bandwidth requirements by a factor of 20 or more, and encrypting data prior to transmission for security. With the DXi6700, users can reduce or even eliminate the need to manage removable media.
Advanced Reporting Tools for Onboard Intelligence
Now included standard with all DXi™-Series appliances, the Advanced Reporting tools in DXi6700 present a detailed view of internal appliance operations, including backup and replication data for flexible trend analyses, enabling smarter planning and lower long-term costs. The tools also provide insights into CPU, disk I/O and network traffic activity per port and monitor capacity utilization, reclamation and replication status. DXi Advanced Reporting cuts administration time, streamlines performance tuning, improves troubleshooting, and helps users maximize the value of their DXi-Series appliances.
"Based on our customers' experience with the DXi-Series, the DXi6700 shows great promise as a midrange deduplication appliance, with its pre-configured design and bundled software," said John Woodall, vice president of engineering, Integrated Archive Systems, Inc. "For companies seeking an easily-integrated approach to expanding a VTL backup environment, the DXi6700 will be a great fit."
Award-Winning Platform
The DXi6700 is based on the same platform as Quantum's DXi6500 family of disk backup appliances, which in June was named "Deduplication Product of the Year" at the 2010 Storage Awards: The Storries VII. The awards were based on more than 25,000 votes cast by the readers of Storage Magazine, the U.K.'s leading IT and storage publication.
Price and Availability
The DXi6700 starts at $159,000 MSRP and is available today through Quantum's channel partners.
For Additional Information
For more on the DXi6700, visit http://www.quantum.com/Products/Disk-BasedBackup/DXi6700/Index.aspx.
For a brief podcast exploring the key questions to ask before implementing deduplication, visit:
Part 1:
http://www.quantum.com/flash/TheMostImportantQuestion_podcast/Part1/Quantum_beforeYouDedupe-a_Part1.html
Part 2:
http://www.quantum.com/flash/TheMostImportantQuestion_podcast/Part2/Quantum_BeforeYouDedupe-Part2.html
About Quantum
Quantum Corp. (NYSE: QTM) is the leading global storage company specializing in backup, recovery and archive. Combining focused expertise, customer-driven innovation, and platform independence, Quantum provides a comprehensive, integrated range of disk, tape, and software solutions supported by a world-class sales and service organization. This includes the
DXi™-Series, the first disk backup solutions to extend the power of data deduplication and replication across the distributed enterprise. As a long-standing and trusted partner, the company works closely with a broad network of resellers, OEMs and other suppliers to meet customers' evolving data protection needs. Quantum Corp., 1650 Technology Drive, Suite 800, San Jose, CA 95110, (408) 944-4000, www.quantum.com.
Quantum and the Quantum logo are registered trademarks of Quantum Corporation. DXi and Quantum Vision are trademarks of Quantum Corporation. All other trademarks are the property of their respective owners.
"Safe Harbor" Statement: This press release contains "forward-looking" statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Specifically, but without limitation, statements relating to 1) customer benefits and value to customers from using Quantum's DXi6700 systems, and 2) customer demand for and Quantum's future revenue from such systems, are forward-looking statements within the meaning of the Safe Harbor. All forward-looking statements in this press release are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum's actual results to differ materially from those implied by the forward-looking statements. These risks include operational difficulties, unforeseen technical limitations, unexpected material deviation in product operation, the ability of competitors to introduce new solutions that compete more successfully with our solutions, unexpected changes in market conditions and unanticipated changes in customers' needs or requirements, as well as the risks set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Risk Factors," in Quantum's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 6, 2010 and in Quantum's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 11, 2010. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Bob Wientzen
Public Relations
Quantum Corp.
(720) 406-5667
bob.wientzen@quantum.com
Industry Center - Data Storage Devices
http://biz.yahoo.com/ic/813.html
Quantum Wins "Deduplication Product of the Year" and "Best Tape Product" at UK 2010 Storage Awards
The Storries VII Recognise Quantum's Midrange DXi6500 Disk Backup Family and Scalar i6000 Enterprise Tape Library
http://phx.corporate-ir.net/phoenix.zhtml?c=69905&p=irol-newsArticle&ID=1441593&highlight=
LONDON, Jun 24, 2010 (MARKETWIRE via COMTEX) --Quantum Corp. (NYSE: QTM), the leading global specialist in backup, recovery and archive, today announced that its DXi6500 family of disk backup appliances and Scalar(R) i6000 tape library were named "Deduplication Product of the Year" and "Best Tape Product," respectively, at the 2010 Storage Awards: The Storries VII. Based on more than 25,000 votes cast by the readers of Storage Magazine, the UK's leading IT and storage publication, the awards are testament to Quantum's continued commitment to excellence and innovation in solutions that meet customers' data protection requirements.
Leveraging Quantum's patented data deduplication technology, the DXi6500 family offers simplicity and value in addressing the backup challenges facing midrange customers. All five DXi6500 models include a simple NAS interface, built-in deduplication and replication, support for Symantec's OpenStorage (OST) API, and backup software for VMware environments bundled in the base price. In addition, the DXi6540 and DXi6550 provide direct tape creation.
The Scalar i6000 incorporates Quantum's next-generation iLayer(TM) software with new innovative archiving capabilities and management benefits, providing enterprise customers with a long-term archive and data retention solution optimised for the evolving role of tape in data protection.
"We would like to thank our users and peers within the storage industry for recognising not just one, but two of our leading products in this year's Storage Awards," said Gabriel Chaher, Senior Director, EMEA/APAC Product and Field Marketing at Quantum. "Following our DXi7500 enterprise backup and deduplication solution being named 'Storage Product of the Year' in 2009, these latest awards represent further validation for the strength of Quantum's disk and tape offerings in addressing customers' data protection and management needs."
For more on the DXi6500 family, visit: http://phx.corporate-ir.net/phoenix.zhtml?c=69905&p=irol-newsArticle&ID=1344481&highlight.
For more on the Scalar(R) i6000, visit: http://phx.corporate-ir.net/phoenix.zhtml?c=69905&p=irol-newsArticle&ID=1409946&highlight.
About Quantum
Quantum Corp. (NYSE: QTM) is the leading global storage company specialising in backup, recovery and archive. Combining focused expertise, customer-driven innovation and platform independence, Quantum provides a comprehensive, integrated range of disk, tape and software solutions supported by a world-class sales and service organisation. This includes the DXi(TM)-Series, the first disk backup solutions to extend the power of data deduplication and replication across the distributed enterprise. As a long-standing and trusted partner, the company works closely with a broad network of resellers, OEMs and other suppliers to meet customers' evolving data protection needs. Quantum Corp., 1650 Technology Drive, Suite 800, San Jose, CA 95110, (408) 944-4000, www.quantum.com.
Quantum, the Quantum logo and Scalar are registered trademarks of Quantum Corporation and its affiliates. DXi and iLayer are trademarks of Quantum Corporation and its affiliates. All other trademarks are the property of their respective owners.
"Safe Harbor" Statement: This press release contains "forward-looking" statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Specifically, but without limitation, statements relating to 1) customer benefits and value to customers from using Quantum's DXi6500 appliances and the Scalar i6000 tape libraries, and 2) customer demand for and Quantum's future revenue from such appliances and libraries, are forward-looking statements within the meaning of the Safe Harbor. All forward-looking statements in this press release are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum's actual results to differ materially from those implied by the forward-looking statements. These risks include operational difficulties, unforeseen technical limitations, unexpected material deviation in product operation, the ability of competitors to introduce new solutions that compete more successfully with our solutions, unexpected changes in market conditions and unanticipated changes in customers' needs or requirements, as well as the risks set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Risk Factors," in Quantum's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 11, 2010. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Neil Hallmark or Clodagh Boyle
Kaizo
020 3043 4151
quantum@kaizo.net
Joanne Ayres
Quantum Corp.
01344 353 738
joanne.ayres@quantum.com
SOURCE: Quantum Corporation
Brigham Young University-Hawaii Achieves Fourfold Increase in High-Definition Video Production With Quantum StorNext
Data Management Software Enables Shared, High-Speed Workflow and Addresses Challenge of Managing Growth in Rich Media Content
Quantum Corporation On Tuesday August 24, 2010, 4:52 pm EDT
http://finance.yahoo.com/news/Brigham-Young-iw-2468612532.html?x=0&.v=1
SAN JOSE, CA--(Marketwire - 08/24/10) - Quantum Corp. (NYSE:QTM - News), the leading global specialist in backup, recovery and archive, today announced that Brigham Young University-Hawaii (BYU-Hawaii) has achieved a significant increase in video production by implementing Quantum StorNext® data management software. When the university transitioned from Standard Definition (SD) to High Definition (HD) video, its legacy infrastructure proved to be inadequate, with insufficient storage capacity and slow transfer rates. Since deploying a new SAN-based architecture that leverages StorNext software, however, BYU-Hawaii has experienced a 10x transfer speed improvement for sharing and archiving its HD videos and achieved a fourfold increase in its productivity levels.
With 2,500 students, BYU-Hawaii produces a wide variety of videos, including live broadcasts of athletic events and concerts, web streams, online classes, documentaries, promotional materials and class instruction. To help improve the quality of these videos, BYU-Hawaii made the move from SD to HD; however, the university soon realized it couldn't support HD's large files and transfer rates were suffering. For example, the university would often run out of space mid-project, and editors would need to erase video content to make room for new material. These challenges were multiplied by a complex workflow: film was captured on tape and ingested onto external hard drives using FireWire 800 before being transferred again to editing workstations.
In looking to solve these challenges, BYU-Hawaii was initially attracted to Quantum's StorNext data management software because it is compatible with Apple Final Cut Pro and ultimately chose StorNext over other solutions because of its superior integration options and scalability. The implementation and configuration took just a couple of days, and the editors experienced no disruption in their work. In conjunction with deploying StorNext, BYU-Hawaii also moved from its direct-attached storage architecture to a SAN-based system, which included two IBM DS5000 disk arrays with 28 TB of capacity, ATTO Celerity HBA adapters and a Brocade switch. Over one weekend, data was moved from existing small RAID systems and external hard drives to the new high-performance and scalable SAN infrastructure.
"We did not want to be limited by speed or capacity," says Russell T. Merrill, director of instructional media and production for BYU-Hawaii. "We have had experience with other clustered file systems, but StorNext has by far the best support safety net. In fact, StorNext is the glue that made everything work well together during the installation. It was great to eliminate the usual finger pointing between vendors as Quantum was willing to support everything we were using."
With an increase in video transfer speeds from 800 MB/sec to 8 GB/sec, StorNext has enabled multiple professionals from different fields to work simultaneously on the same file or piece of content without the previous long waits experienced as material moved through the system. StorNext has also reduced project time by a factor of four, eliminated videotape from workflow and more than doubled editing efficiency. In addition, uncompressed HD and other large file formats can now be easily transmitted through the edit bays. Every BYU-Hawaii project can be edited in HD without having to worry about space restrictions or whether the software can cope with vast amounts of storage and a large influx of users. Prior to deploying StorNext, the university's weekly shoot took two full days to complete. Now it takes only half a day, and the staff can edit as the content is transmitted to the SAN.
"By streamlining our workflow, StorNext has greatly reduced the level of stress on our user community," says Merrill. "Our experience with StorNext and working with Quantum has been terrific. We've been able to do what we had hoped to do and more, and we know we have a great partner in Quantum."
About BYU-Hawaii
Brigham Young University-Hawaii is located on the North Shore of Oahu in Laie, Hawaii. The university, founded by The Church of Jesus Christ of Latter-day Saints, was established in 1955. Today, approximately half of BYU-Hawaii's 2,500 undergraduate students come from more than 70 different countries, making it the most internationally diverse university (per capita) in the United States.
About Quantum
Quantum Corp. (NYSE:QTM - News) is the leading global storage company specializing in backup, recovery and archive. Combining focused expertise, customer-driven innovation, and platform independence, Quantum provides a comprehensive, integrated range of disk, tape, and software solutions supported by a world-class sales and service organization. This includes the
DXi™-Series, the first disk backup solutions to extend the power of data deduplication and replication across the distributed enterprise. As a long-standing and trusted partner, the company works closely with a broad network of resellers, OEMs and other suppliers to meet customers' evolving data protection needs. Quantum Corp., 1650 Technology Drive, Suite 800, San Jose, CA 95110, (408) 944-4000, www.quantum.com.
Quantum, the Quantum logo and StorNext are registered trademarks of Quantum Corporation and its affiliates. DXi is a trademark of Quantum Corporation. All other trademarks are the property of their respective owners.
"Safe Harbor" Statement: This press release contains "forward-looking" statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Specifically, but without limitation, statements relating to 1) customer benefits and value to customers from using Quantum's StorNext data management software, and 2) customer demand for and Quantum's future revenue from such software, are forward-looking statements within the meaning of the Safe Harbor. All forward-looking statements in this press release are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum's actual results to differ materially from those implied by the forward-looking statements. These risks include operational difficulties, unforeseen technical limitations, unexpected material deviation in product operation, the ability of competitors to introduce new solutions that compete more successfully with our solutions, unexpected changes in market conditions and unanticipated changes in customers' needs or requirements, as well as the risks set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Risk Factors," in Quantum's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 6, 2010 and in Quantum's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 11, 2010. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Contact:
Alice Borda
Public Relations
Quantum Corp.
(408) 944-6727
alice.borda@quantum.com
EMC Helped Quantum, May Buy Company Outright Now
Posted on 08/24/10 at 12:00pm
http://www.benzinga.com/markets/company-news/10/08/439173/emc-helped-quantum-may-buy-company-outright-now-emc-qtm
EMC (NYSE: EMC) helped out Quantum (NYSE: QTM) with a $100 million lifeline.
Now there is chatter that EMC may eventually buy the company outright. This comes as the war between Dell (NASDAQ: DELL) and Hewlett-Packard (NYSE: HPQ) intensifies over 3Par (NYSE: PAR).
Quantum has three times the revenue that 3Par does, and has a much smaller market cap, at nearly 300 million. This compares to the $1.2 billion for 3Par.
In addition to the rumors that EMC may buy Quantum, last year the data storage company provided Quantum with a $100 million lifeline to essentially keep the company afloat.
It looks like now that the company may eventually be swallowed up into EMC.
I HAVE NOT SEEN THE STOCK THIS LOW IN WHILE!
COMPANY IS SOLID BUT THAT LAST QUARTER AND CORRECTION DID NOT HELP!
PLUS THE STUFF GOING ON IN EUROPE - GREECE ETC.
HOPEFULLY WE WILL BOUNCE BACK UP.
4th Quarter Results Released 5-13-10 After The Bell !
Quantum Corp. (NYSE: QTM), the leading global specialist in backup, recovery and archive, today announced that it will issue a news release on its financial results for the fourth quarter of fiscal 2010, ended March 31, 2010, on Thursday, May 13, 2010, after the close of the market. The company will hold a conference call to discuss these results.
Conference Call:
Thursday, May 13, 2010, 2:00 p.m. PDT
Dial-in Number:
(480) 629-9771 (U.S. & International)
Replay Numbers:
(800) 406-7325 (U.S.)
(303) 590-3030 (International)
Access Code: 4286988
Replay Expiration: Thursday, May 20, 2010
Audio Webcast:
Quantum will provide a live audio webcast of the fourth quarter results conference call on Thursday, May 13, at 2:00 p.m. PDT. A webcast archive will be available for one year.
Webcast Site:
http://www.quantum.com/investors
About Quantum
Quantum Corp. (NYSE: QTM) is the leading global storage company specializing in backup, recovery and archive. Combining focused expertise, customer-driven innovation, and platform independence, Quantum provides a comprehensive, integrated range of disk, tape, and software solutions supported by a world-class sales and service organization. This includes the DXi?-Series, the first disk backup solutions to extend the power of data deduplication and replication across the distributed enterprise. As a long-standing and trusted partner, the company works closely with a broad network of resellers, OEMs and other suppliers to meet customers' evolving data protection needs. Quantum Corp., 1650 Technology Drive, Suite 800, San Jose, CA 95110, (408) 944-4000, www.quantum.com.
Quantum and the Quantum logo are registered trademarks of Quantum Corporation. DXi is a trademark of Quantum Corporation. All other trademarks are the property of their respective owners.
Contact:
Brad Cohen
Public Relations
Quantum Corp.
(408) 944-4044
brad.cohen@quantum.com
Christi Lee
Investor Relations
Quantum Corp.
(408) 944-4450
ir@quantum.com
I hope that everyone took profits when they were showing. We may be looking @ a buying opp here. Will have to see what the coming week brings us and decide if this is a developing Market downtrend or a correction. If what we are looking @ is a market correction. This should resume an uptrend and break $3 again.This is Just My Opinion, I Am Not An Expert. AS ALWAYS, DO YOUR DD !
Correction: Quantum Swings To Profit In Q3 - Update
(RTTNews) - (Correction: Third paragraph of original story incorrectly said "net loss income." A corrected version follows.)
Data storage solutions provider Quantum Corp. (QTM) reported Thursday a profit for the third quarter compared to a net loss last year, as the year-ago quarter had a significant goodwill impairment. However, quarterly revenues declined 11%.
In a statement, chairman and chief executive officer, Rick Belluzzo said, "The December quarter further demonstrated the strength of our business model, with results in several areas being among the best we've achieved over the past 10 years. With a strong contribution from our branded business and gross margin above 40 percent, we again delivered solid GAAP profits and sequential revenue growth."
The San Jose, California-based company reported net income of $4.64 million or $0.02 per share for the third quarter, compared to a net loss of $328.78 million or $1.58 per share in the prior-year quarter.
The results for the latest quarter include amortization of intangibles of $9 million, stock-based compensation charges of $2 million, both of which reduced earnings by $0.05 per share. The year-ago quarter included $339 million of goodwill impairment.
Analysts polled by Thomson Reuters expected earnings of $0.09 per share for the fourth quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter declined 11% to $181.71 million from $203.67 million in the same quarter last year, primarily due to the expected reductions in OEM revenue. Wall Street analysts expected the company to report revenues of $180.16 million for the quarter.
Product revenues for the third quarter decreased to $124.58 million from $143.88 million in the year-ago quarter. Service revenues totaled $38.99 million, lower than $40.76 million in the prior-year quarter. Royalty revenues for the quarter edged down to $18.14 million from $19.03 million in same quarter last year.
Income from operations for the third quarter was $11.27 million, compared to a loss of $323.17 million in the comparable quarter a year ago, while total operating expenses plunged to $63.45 million from $408.95 million in the year-ago quarter.
Gross margin for the quarter declined to $74.72 million from $85.79 million in the prior-year quarter, while gross margin percentage declined 100 basis points to 41.1% from last year's 42.1%, largely due to the decline in OEM DXi software revenue. The year-ago quarter included $339 million of goodwill impairment.
The company ended the third quarter with cash and cash equivalents of $100.70 million, compared to $51.24 million at end of the prior-year quarter.
For the nine-month period, the company reported net income of $21.0 million or $0.04 per share, compared to a net loss of $346.38 million or $1.66 per share in the prior-year period.
Total revenues for the year-to-date period declined to $516.98 million from $640.85 million in the same period last year.
QTM closed Thursday's regular trading session at $3.06, up $0.03 or 0.99% on a volume of 4.01 million shares, higher than the three-month average volume of 2.99 million shares.
QTM will issue a news release on its financial results for the third quarter of fiscal 2010, ended Dec. 31, 2009, on Thursday, Jan. 28, 2010, after the close of the market.
(QTM) Trade Report....
Last Trade:$3.03 12/24/09 1:01:00 PM
Change +0.060 / +2.00%
Prev. Close 2.97
Volume 1,442,238
Open 2.98
Day High / Day Low 3.04/ 2.96
Year High / Year Low 2.99/ 0.24
Abnormal Activity NONE
Abnormal Volume NO
Gap NONE
Candle BULLISH
Projected Volume 2,423,014 (106%)
Volatility Today LOW
Volatility Yesterday LOW
Price Relativity
From 40 Day High 102%
From 80 Day High 102%
From 150 Day High 102%
From 40 Day Low 169%
From 80 Day Low 266%
From 150 Day Low 384%
Pivot Analysis
Price Pivot $ 3.01
Day Resistance 1 $ 3.06
Day Support 1 $ 2.98
Day Resistance 2 $ 3.09
Day Support 2 $ 2.93
Consolidations
Short Term YES
Medium Term YES
Long Term YES
Volume Indicators
20 Day Avg Vol 2,280,612
Today / 20 Day Avg Vol ABOVE
150 Day Avg Vol 1,743,876
Today / 150 Day Avg Vol ABOVE
Abnormal Volume NO
William Volume Accumulation bearish
Volume Price Trend bullish
Momentum Indicators
10 Day Trend bullish
40 Day Trend bullish
100 Day Trend bullish
Stochastics bearish
RSI bearish
MACD bullish
Moving Average Indicators
15 Day Trend bullish
45 Day Trend bullish
100 Day Trend bullish
Mid Term Moving Average Crossover NONE
Long Term Moving Average Crossover NONE
Volatility Indicators
Abnormal Activity Today? NONE
Volatility Index Today LOW
Volatility Index Yesterday LOW
10 Day Volatility DECREASING
20 Day Volatility DECREASING
40 Day Volatility DECREASING
After Hours, Last: $ 3.07
Volume: 7,900
After Hours: $2.94, +0.04/+1.38% Vol=84,275
Forward P/E 12.61
Market Cap. $617.7M
O/S 213M shares
Great 'SilverKnightLV' and Welcome ! It was getting lonely around here. I take that as a compliment. There are a number of stocks & closed-end funds with same dd capability on the favorite links on my profile. I hope that this trade is a profitable one for us. I must be doing something right because my site moved to the #1 ranked website for "free stock research" on google about a week ago. Thankyou for your vote if confidence. If I had not been tapped out,I would have added on the last dip.
I've started a position with QTM based on DD, especially factual info found here.
(QTM) Institutional Trade Report:
(As of 9-30-09)
Total Shares Held by 107 Institutions, 119,268,270 Shares, 56% of the 213M Outstanding Shares.
22 Institutions Opened New Positions, Purchasing 4,027,572 Shares.
53 Institutions Increased Positions by Purchasing a Total of 14,093,363 Shares.
35 Institutions Decreased Positions by Selling a Total of 4,274,768 Shares.
There were 88 Institutional Holders With Activity, Trading 18,368,131 Shares.
10 Institutions Closed Positions, Selling a Total of 1,733,446 Shares.
Source: Nasdaq.com
(QTM) Trade Opinion: Buy-Sell-Hold ?
Detailed Opinion
Technicals Summary
SnapShot Opinion
Performance
Trader's Cheat Sheer
Detailed Quote - Past 5 Days
WATCH for possible breakout above 3.05, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 4.09, 40.5% Stop: 2.61, Loss: 10.3%,
Profit/Loss ratio: 3.9 : 1 - Excellent
Private Capital Management - Institution Added 222,364 shares bringing thier total position to 25,563,010 shares, form filed:11-13-09
Goldman Sachs Group Inc - Institution Added 858,532 shares bringing thier total position to 3,324,436 shares, form filed:
11-13-09
Los Angeles Capital Management And Equity Research Inc - Institution opened a position of 553,294 shares, form filed: 11-13-09
Batterymarch Financial Management Inc - Institution opened a position of 780,520 shares, form filed: 11-13-09
Sunrise Partners Llc - Institution opened a position of 300,000 shares, form filed: 11-16-09
Oppenheimer Funds Inc - Institution Added 1,473,072 shares to thier position, form filed: 11-16-09
Harvey Partners Llc - Institution opened a position of 950,000 shares, form filed: 11-16-09
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As the leading global specialist in backup, recovery and archive for more than 27 years, Quantum has been focused on helping IT departments address data protection and data retention challenges by incorporating innovative solution sets with world-class service and support.
Backup, recovery, and archive needs are growing in scale and complexity. IT managers face ever-expanding data volumes, more stringent recovery requirements, new security guidelines, and static budgets. To add further complication, there is increasing pressure to minimize power, cooling, and space in the datacenter by adopting “greener” processes.
Because meeting these complex, rapidly evolving needs often require multiple technologies and
approaches, Quantum is uniquely positioned to address each facet in the backup, recovery and archive process. We deliver intelligent and innovative solutions that integrate disk, tape, replication, and encryption, and we work with customers to match the right technologies to their specific business requirements. Our advice is tailored for each individual company, and like our solutions, it is always technology and platform independent.
“Quantum has moved itself into a very favorable position to play a major
role in the next generation of data protection solutions.”
Arun Taneja
Founder and Consulting Analyst
Teneja Group
At Quantum, we know it takes more than excellent products to help IT departments solve data protection needs. That’s why we build intelligence into our products, provide centralized tools to manage your backup and archiving systems, and offer innovative monitoring and remote diagnostic technology to maximize uptime. It’s also why we deliver comprehensive service and support offerings to meet the needs of customers of all sizes and locations.
As an innovator in our industry, Quantum has been the first to market with:
With Quantum, you get the combined advantages of specialized expertise and global leadership. Our expertise enables us to deliver innovative solutions and targeted counsel. Our global leadership means we have the scale, experience, and the long-term commitment to help you solve your backup, recovery, and archive challenges today and long into the future.
Quantum – Backup. Recovery. Archive. It’s What We Do.
* Protected by Pending and issued U.S. and Foreign patents, including U.S. Patent No. 5.990.810
Quantum Corp. is the leading global storage company specializing in backup, recovery and archive. Combining focused expertise, customer-driven innovation, and platform independence, Quantum provides a comprehensive, integrated range of disk, tape, and software solutions supported by a world-class sales and service organization. This includes the DXi-Series, the first disk backup solutions to extend the power of data deduplication and replication across the distributed enterprise. As a long-standing and trusted partner, the company works closely with a broad network of resellers, OEMs and other suppliers to meet customers' evolving data protection needs. Quantum Corp., 1650 Technology Drive, Suite 800, San Jose, CA 95110, (408) 944-4000, www.quantum.com.
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