Total : 10 View more »
Quantum esXpress? backup software combined with a Quantum DXi®-Series data deduplication system provides a comprehensive and scalable, yet easy to use data protection solution for VMware® environments.
http://www.bitpipe.com/detail/RES/1255023262_954.html?asrc=RSS_BP_KABPSTORAGE
SAN JOSE, CA--(Marketwire - 11/09/09) - Quantum Corp. (NYSE:QTM - News), the leading global specialist in backup, recovery and archive, today announced that the New York
http://finance.yahoo.com/news/Quantum-Regains-Full-iw-1026811244.html?x=0&.v=1
DALLAS, Nov. 9, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Quantum Corporation (NYSE:QTM - News). The report includes financial, comparative and investment analyses,
http://finance.yahoo.com/news/Trading-Outlook-for-Quantum-pz-3074005174.html?x=0&.v=1
SAN JOSE, CA--(Marketwire - 09/16/09) - Quantum Corp. (NYSE:QTM - News), the leading global specialist in backup, recovery and archive, today announced that Anchorage Water &
http://finance.yahoo.com/news/Anchorage-Water-amp-iw-478347228.html?x=0
Total : 14 View more »
SAN JOSE, CA, Oct 21, 2009 (MARKETWIRE via COMTEX) --
Quantum Corp. (NYSE: QTM), the leading global specialist in backup, recovery and archive, today announced a new family of NAS backup appliances that provides an unparalleled combination of simplicity and value for midrange users looking to deploy a data deduplication solution. The DXi6500 family offers a turnkey approach that delivers all the benefits of advanced data deduplication technology while maximizing return on investment, in part by bundling all licensed software features.
"Mid-sized companies have been holding back on implementing deduplication due to the perceived complexity of implementing it and concerns about cost," stated Lauren Whitehouse, senior analyst at Enterprise Strategy Group. "Quantum's bundled approach with the DXi6500 family manages to minimize the risks of adoption while delivering deduplication with compelling value."
Simple to Deploy, Operate and Manage
Many midrange customers today struggle with an expanding set of complex or expensive backup challenges:
-- Performance and cost -- Restore reliability -- Remote office backup -- Media management -- Automated disaster recovery -- Backup in virtualized environments
The DXi6500 family addresses these issues with five preconfigured appliance models designed to protect midrange environments with 3 to 30 TB of primary data. Each model offers a simple NAS interface, with built-in deduplication and a common replication format with the rest of Quantum's DXi(TM)-Series. All models are designed to be installable by the end user or reseller, and even larger models can scale easily by adding capacity on-site with no need for a service visit. In addition, the entire DXi6500 family will support integration with the leading backup software packages, including NetBackup via Symantec's OpenStorage API which provides a single point of management across sites and storage tiers, automating the process of catalog-aware backup replication and native tape creation. Every DXi6500 model also includes Quantum esXpress(TM) software, which offers optimized backup for VMware environments.
Priced for Value
The new DXi6500 family provides industry-leading value by bundling all licensed software features -- including deduplication, replication and Symantec NetBackup OpenStorage -- in the price of the appliance, which starts at $64,000 MSRP for the smallest model. Quantum's simple, integrated approach and focus on ease of use enable fast, effective deployment and ongoing cost savings for a rapid return on investment.
Advanced Technology Made Easy
The advanced deduplication and replication technology in the DXi6500 family typically reduces both the amount of disk required for backup and bandwidth needed for replication by 90 percent or more. The new product family leverages the latest Intel chipset, incorporates solid state disk and 10 GbE, and delivers up to 2 TB per hour of NAS backup performance. Finally, the DXi6500 family capitalizes on the fact that Quantum is the only deduplication provider whose products are certified for direct tape creation through NetBackup OpenStorage, with path-to-tape support available in select DXi6500 models for long-term data retention and compliance.
Optimized for Channel Partners
Each member of the DXi6500 family was designed as a turnkey appliance and includes all the necessary software licenses to be easily installable, with fewer part numbers and a simplified ordering process to eliminate configuration issues. Quantum channel programs are available to certify and support VARs who want to perform installation, allowing interested partners to offer on-site installation with their own deployment services. In addition, all DXi6500 systems are supported by Quantum's QuikFit(TM) hotline to help make product sizing quick and easy, and channel-friendly pricing makes it easier for partners to address their customers' needs with the right product.
"The demand we're seeing for NAS-based disk backup and deduplication appliances makes this a particularly welcome product family," said Dan Molina, chief technology officer at Nth Generation. "With the DXi6500, we now have a turnkey, cost-effective solution that will fit well within our offerings, allowing us to efficiently deliver the data protection and disaster recovery that our customers require."
"Medium-sized businesses have been slower to adopt deduplication because they perceived previous offerings as disruptive, complex and expensive," said Janae Lee, senior vice president of Marketing at Quantum. "Quantum's DXi6500 family gives these customers the deduplication answer they need -- an affordable solution which integrates seamlessly and easily into their environment."
The first models of the DXi6500 family will be available beginning November 2009.
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(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 and the Quantum logo are registered trademarks of Quantum Corporation. DXi and QuikFit are trademarks of Quantum Corporation. esXpress is a trademark of PHD Virtual Technologies, Inc. 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 2) customer demand for and Quantum's future revenue from such appliances, 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 7, 2009 and in Quantum's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 30, 2009. 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
SOURCE: Quantum Corporation
mailto:bob.wientzen@quantum.com
Tags: adoption annual report bandwidth environment family investment licenses market marketing media nyse president products public relations revenue sales software technology
Companies: Quantum Corp. (QTM)
SAN JOSE, CA, Oct 27, 2009 (MARKETWIRE via COMTEX) --
Quantum Corp. (NYSE: QTM), the leading global specialist in backup, recovery and archive, today announced that revenue for its fiscal second quarter (FQ2'10), ended Sept. 30, 2009, was $175 million. This represented a 19 percent decline from the same period last year (FQ2'09), primarily due to the significantly weaker economy, a continued sales mix shift toward higher margin opportunities, and lower royalties (partly reflecting a one-time royalty payment from Riverbed Technology, Inc. last year). Despite the year-over-year decline, revenue grew 9 percent on a sequential basis. In addition, the company increased its GAAP gross margin rate to 43.8 percent and GAAP operating income margin to 8.5 percent -- up from 38.5 percent and 2.6 percent, respectively, in FQ2'09. In both cases, this was the highest level achieved in more than eight years.
Quantum also reported its second consecutive quarter of GAAP profits, with $11 million in net income, or basic earnings per share of six cents. This compared to a GAAP net loss of $3 million in FQ2'09 and represented the company's best performance in nearly five years. The $11 million profit included a $2 million net gain related to the retirement of convertible debt, offset by $9 million in amortization of intangibles, $3 million in stock-based compensation charges and $2 million in restructuring costs. The net impact of these four items reduced basic earnings per share by five cents.
Quantum generated $31 million in cash from operations for the quarter, paid down $20 million of its senior debt, and ended the quarter with $85 million in cash and cash equivalents.
"Despite the continuing impact of the economic downturn and changes in the deduplication landscape, we delivered some of our best results in many years," said Rick Belluzzo, chairman and CEO of Quantum. "This included significantly higher gross margin rates, operating income and margins, and net income, compared to both last year and the prior quarter. We also generated strong growth in disk systems and software revenue, with our branded DXi backup/deduplication sales up significantly, both year-over-year and sequentially.
"Our September quarter results reflect a number of initiatives we have implemented over the past year, as well as an aggressive shift we made in our go-to-market focus during the quarter in response to changed industry dynamics," continued Belluzzo. "While we have more work to do in completing our transformation to a storage systems company, our performance clearly shows the substantial progress we've made."
Quantum's product revenue, which includes sales of the company's hardware and software products, totaled $118 million in FQ2'10. This represented a decrease of $25 million from FQ2'09, primarily reflecting expected declines in both OEM tape automation sales and OEM devices and media revenue.
Disk systems and software revenue, inclusive of related software maintenance and service revenue, was $28 million in the September quarter. This was up approximately $7 million from the same quarter last year, primarily due to record sales of Quantum's DXi7500 enterprise disk backup and deduplication system. Contributing to these record sales were several deals of more than a million dollars, including new DXi account wins at one of the top utility companies in the world and another national utility provider in Europe. Other notable DXi7500 wins included a large deal with one of the biggest U.S. insurance companies -- a new DXi customer -- and repeat business with one of the largest wireless providers in America, a U.S. Federal Reserve Bank and Aeroports de Paris.
The increase in disk systems and software revenue also included modest growth in StorNext(R) sales on both a year-over-year and sequential basis. In addition to a strong contribution from federal government business, Quantum closed several major StorNext deals, including a new win at one of the leading U.S. cable TV networks and repeat purchases by a large multimedia retailer and one of the biggest system integrators in China.
Looking beyond FQ2'10, Quantum said it expects to build on its branded revenue momentum in disk systems and software with last week's announcement of the company's new DXi6500 family, a set of preconfigured disk backup and deduplication appliances targeted at the midrange NAS market and optimized for sale through independent channel partners (see press release titled, "New Quantum DXi6500 Family Delivers Unparalleled Combination of Simplicity and Value in Midrange Deduplication," Oct. 21, 2009).
Conference Call and Audio Webcast Notification
Quantum will hold a conference call today, Oct. 27, 2009, at 2:00 p.m. PDT, to discuss its fiscal second quarter results. Press and industry analysts are invited to attend in listen-only mode. Dial-in number: (480) 629-9643 (U.S. & International). Quantum will provide a live audio webcast of the conference call beginning today, Oct. 27, 2009, at 2:00 p.m. PDT. Site for the webcast and related information: 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(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 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, the statement that Quantum expects to build on its branded revenue momentum in disk systems and software with last week's announcement of the company's new DXi6500 family, is a forward-looking statement 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 7, 2009 and in Quantum's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 30, 2009. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
QUANTUM CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per-share amounts)
(Unaudited)
Three Months Ended Six Months Ended
-------------------------- --------------------------
September 30, September 30, September 30, September 30,
2009 2008 2009 2008
------------ ------------ ------------ ------------
Revenue:
Product $ 118,327 $ 143,192 $ 223,551 $ 300,776
Service 39,757 41,579 78,659 83,836
Royalty 16,842 30,619 33,056 52,569
------------ ------------ ------------ ------------
Total revenue 174,926 215,390 335,266 437,181
Cost of Revenue:
Product 73,077 99,631 145,163 214,634
Service 25,220 32,884 51,831 64,833
------------ ------------ ------------ ------------
Total cost of
revenue 98,297 132,515 196,994 279,467
------------ ------------ ------------ ------------
Gross margin 76,629 82,875 138,272 157,714
Operating expenses:
Research and
development 16,907 18,766 33,439 37,756
Sales and
marketing 27,880 38,148 55,173 78,185
General and
administrative 15,218 19,820 29,723 41,845
Restructuring
charges 1,696 457 4,806 407
------------ ------------ ------------ ------------
61,701 77,191 123,141 158,193
------------ ------------ ------------ ------------
Income (loss) from
operations 14,928 5,684 15,131 (479)
Interest income and
other, net 1,265 (385) 1,269 1,097
Interest expense (6,935) (7,510) (12,586) (16,285)
Gain on debt
extinguishment,
net of costs 1,569 -- 12,859 --
------------ ------------ ------------ ------------
Income (loss)
before income
taxes 10,827 (2,211) 16,673 (15,667)
Income tax provision
(benefit) (528) 1,053 310 1,935
------------ ------------ ------------ ------------
Net income
(loss) $ 11,355 $ (3,264) $ 16,363 $ (17,602)
============ ============ ============ ============
Net income (loss)
per share:
Basic $ 0.06 $ (0.01) $ 0.08 $ (0.08)
Diluted 0.04 (0.01) 0.02 (0.08)
Income (loss) for
purposes of
computing net
income(loss)
per share:
Basic $ 11,355 $ (3,264) $ 16,363 $ (17,602)
Diluted 9,792 (3,264) 4,753 (17,602)
Weighted average
common and common
equivalent shares:
Basic 212,475 208,960 211,372 207,943
Diluted 213,794 208,960 225,752 207,943
Included in the
above Statements
of Operations:
Amortization of
intangibles:
Cost of revenue 5,499 6,730 10,974 13,648
Research and
development 100 100 200 200
Sales and
marketing 3,394 4,117 6,788 8,248
General and
administrative 25 25 50 50
------------ ------------ ------------ ------------
9,018 10,972 18,012 22,146
Share-based
compensation:
Cost of revenue 319 603 619 958
Research and
development 582 807 1,220 1,572
Sales and
marketing 760 972 1,218 1,713
General and
administrative 1,014 684 1,756 1,517
------------ ------------ ------------ ------------
2,675 3,066 4,813 5,760
QUANTUM CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
September 30, March 31,
2009 2009*
------------ ------------
Assets
Current assets:
Cash and cash equivalents $ 84,772 $ 87,305
Accounts receivable, net 106,007 107,851
Manufacturing inventories 51,069 61,237
Service parts inventories 57,140 63,029
Deferred income taxes 9,917 9,935
Other current assets 18,353 24,745
------------ ------------
Total current assets 327,258 354,102
Long-term assets:
Property and equipment, less accumulated
depreciation 25,495 28,553
Purchased technology, less accumulated
amortization 37,974 49,148
Other intangible assets, less accumulated
amortization 53,250 60,088
Goodwill 46,770 46,770
Other long-term assets 10,859 10,708
------------ ------------
Total long-term assets 174,348 195,267
------------ ------------
$ 501,606 $ 549,369
============ ============
Liabilities and Stockholders' Deficit
Current liabilities:
Accounts payable $ 50,362 $ 45,182
Accrued warranty 7,100 11,152
Deferred revenue, current 103,538 84,079
Current portion of long-term debt 1,884 4,000
Current portion of convertible subordinated
debt 22,099 --
Accrued restructuring charges 5,392 4,681
Accrued compensation 28,648 27,334
Income taxes payable 2,569 4,752
Other accrued liabilities 25,599 34,550
------------ ------------
Total current liabilities 247,191 215,730
Long-term liabilities:
Deferred revenue, long-term 28,096 32,082
Deferred income taxes 10,906 11,190
Long-term debt 306,841 244,000
Convertible subordinated debt -- 160,000
Other long-term liabilities 7,122 6,326
------------ ------------
Total long-term liabilities 352,965 453,598
Stockholders' deficit (98,550) (119,959)
------------ ------------
$ 501,606 $ 549,369
============ ============
* Derived from the March 31, 2009 audited Consolidated Financial Statements
QUANTUM CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
Six Months Ended
--------------------------
September 30, September 30,
2009 2008
------------ ------------
Cash flows from operating activities:
Net income (loss) $ 16,363 $ (17,602)
Adjustments to reconcile net income (loss) to
net cash provided by operating activities:
Depreciation 6,257 8,524
Amortization 19,513 23,333
Service parts lower of cost or market
adjustment 4,391 9,068
Gain on debt extinguishment (15,613) --
Deferred income taxes (266) 174
Share-based compensation 4,813 5,760
Changes in assets and liabilities:
Accounts receivable 1,844 34,976
Manufacturing inventories 7,937 (7,490)
Service parts inventories 3,729 (1,099)
Accounts payable 5,180 (19,973)
Accrued warranty (4,052) (4,622)
Deferred revenue 15,473 3,356
Accrued restructuring charges 711 (320)
Accrued compensation 1,314 960
Income taxes payable (2,183) (154)
Other assets and liabilities (690) (4,312)
------------ ------------
Net cash provided by operating activities 64,721 30,579
Cash flows from investing activities:
Purchases of property and equipment (3,096) (3,025)
------------ ------------
Net cash used in investing activities (3,096) (3,025)
Cash flows from financing activities:
Borrowings of long-term debt, net 120,042 --
Repayments of long-term debt (60,992) (90,000)
Repayments of convertible subordinated debt (122,288) --
Payment of taxes due upon vesting of
restricted stock (928) (759)
Proceeds from issuance of common stock, net 8 2,739
------------ ------------
Net cash used in financing activities (64,158) (88,020)
Net decrease in cash and cash equivalents (2,533) (60,466)
Cash and cash equivalents at beginning of
period 87,305 93,643
------------ ------------
Cash and cash equivalents at end of period $ 84,772 $ 33,177
============ ============
Contact: Brad Cohen Public Relations Quantum Corp. (408) 944-4044 brad.cohen@quantum.com Marilyn Keys Investor Relations Quantum Corp. (408) 944-4450 ir@quantum.com
SOURCE: Quantum Corporation
mailto:brad.cohen@quantum.com mailto:ir@quantum.com
Tags: annual report bank business ceo china conference debt deficit earnings economy europe family federal gaap government hardware manufacturing market marketing media multimedia nyse paris products profit property public relations rates research and development restructuring revenue sales software tax taxes technology tv utilities wireless
Companies: Quantum Corp. (QTM), Riverbed Technology Inc (RVBD)
Oct 08, 2009 (Wall Street Horizon via COMTEX) --
Quantum Corp (QTM)
Expected next earnings release: Announcement date: 10/27/2009 - After Market Earnings Quarter: Q2 Announcement Status: Verified
Expected next investor conference call information: Conference Call Date: 10/27/2009 Conference Call Time (ET): 5:00 PM Conference Call URL: http://phx.corporate-ir.net/phoenix.zhtml?c=69905&p=irol-IRHome
Tags: conference corporate earnings market
Companies: Quantum Corp. (QTM)
Sep 29, 2009 (Wall Street Horizon via COMTEX) --
Quantum Corp (QTM)
Expected next earnings release: Announcement date: 10/22/2009 - After Market Earnings Quarter: Q2 Announcement Status: Unconfirmed
Tags: corporate earnings market
Companies: Quantum Corp. (QTM)
Total : 83 View more »
The purpose of data deduplication is to increase the amount of information that can be stored on disk arrays and to increase the effective amount of data that can be transmitted over networks. Read this white paper to learn more about data deduplication as well as Quantum Dxi-Series disk-based
http://www.bitpipe.com/detail/RES/1244614565_961.html?asrc=RSS_BP_KABPSTORAGE
Summary: AIG major business challenge was the rapid access to archive data so to overcome this problem AIG tried Quantum backup solutions that combined data de-duplication disk, tape, due to which the company is now able to enhance compliance.
http://searchcio.bitpipe.com/rlist/962023321_43/sort_by/doc_type/Disk-Backups.html
PROJECT: Quantum Corporation, Milpitas, CA DESCRIPTION: The Quantum Corporation campus consists six buildings totaling 775,000 SF. The components of these buildings are dedicated office space, testing and Research and Development computer disk drive facilities.
The new “Snap!” 2200 is an aesthetically appealing, cost effective and easily manufactured product that exceeded Quantum Corporation marketing and manufacturing expectations. Back to Portfolio Index
Total : 21,000,000 View more »
As the global leader in backup, recovery, and archive, we provide customers with expert advice and comprehensive solutions for storing and preserving their vital data.
Quantum Corporation (NYSE: QTM) is a manufacturer of tape drive, tape automation, data deduplication storage products and scalable file storage software, based in San Jose ...
Get the latest on Quantum Corporation including up to date news, high quality discussion groups and more on Google Finance.
Founded in 1980, Quantum is the leading global storage company specializing in backup, recovery and archive. Combining focused expertise, customer-driven innovation and platform ...