Key Developments: Quantum Corp (QTM.N)
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1 Aug 2013
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Latest Key Developments (Source: Significant Developments)
Quantum Corp Issues Q2 2014 Revenue Guidance Below Analysts' Estimates
Quantum Corp announced that for second quarter of 2014, it expects revenue of approximately $135 million to $140 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $149 million for second quarter of 2014. Full Article
Quantum Corp Raises Q1 2014 Revenue Guidance-Form 8-K
Quantum Corp reported in its Form 8-K that for the first quarter of 2014, it expects revenue to be between $147 million and $148 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $142 million for first quarter of 2014. Full Article
Quantum Corp Issues Q1 2014 Revenue Guidance Below Analysts' Estimates; Issues FY 2014 Revenue Guidance Above Analysts' Estimates
Quantum Corp announced that for the first quarter of 2014, it expects total revenue of $135 million to $140 million. For fiscal 2014, it expects total revenue of $610 million to $630 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $143 million for first quarter of 2014 and revenue of $607 million for fiscal 2014. Full Article
Quantum Corp Issues Q4 2013 Revenue Guidance In Line With Analysts' Estimates
Quantum Corp announced that for fourth quarter of 2013, it expects revenue of approximately $145 million to $150 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $150 million for fourth quarter of 2013. Full Article
Avail-TVN's On Demand Group Selects Quantum Corp 's StorNext Appliances
Quantum Corp announced that Avail-TVN's On Demand Group has selected Quantum's StorNext appliances to manage its ever-growing digital assets. Avail-TVN and On Demand Group selected a Quantum StorNext storage management solution consisting of Quantum's pre-built and pre-configured M330 Metadata Appliance, M660 Metadata Appliance, a StorNext Q-Series QD6000 high-performance storage array, and StorNext AEL6000 archive enabled libraries for LTO-based tape archiving. Full Article
Quantum Corp Announces Intention To Offer Convertible Senior Subordinated Notes Due 2017
Quantum Corp announced that it intends to commence a private placement, subject to market conditions, of $60 million aggregate principal amount of Convertible Senior Subordinated Notes due 2017 in reliance on Rule 144A under the Securities Act of 1933, as amended. The notes will be convertible, at the option of the holders, into shares of the Company's common stock. The interest rate, conversion rate and offering price will be determined by negotiations between the Company and the initial purchaser of the notes. In addition, Quantum expects to grant the initial purchaser of the notes an over-allotment option to purchase up to an additional $10 million aggregate principal amount of notes from the Company. Quantum intends to use the net proceeds from the private placement primarily to repay amounts outstanding under its senior secured credit agreement with Wells Fargo and to use any remaining net proceeds for general corporate purposes. Full Article
Quantum Corp Issues Q3, FY 2013 Revenue Guidance In Line With Analysts' Estimates
Quantum Corp announced that for third quarter of 2013, it expects revenue of approximately $160 million. For fiscal 2013, it expects revenue of approximately $600 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $163 million for third quarter of 2013; revenue of $612 million for fiscal 2013. Full Article
Quantum Corp Sues Overland Storage For Patent Infringement
Quantum Corp announced that it has filed a lawsuit against Overland Storage for patent infringement in the U.S. District Court for the Southern District of California. The lawsuit follows Overland's patent infringement claims filed against Quantum two months ago in the same court. In its response to the Overland lawsuit that Quantum filed this week, the Company also denied Overland's claims, stating that it is not infringing and has not infringed any valid and enforceable claim of either of the two patents at issue and that both patents are invalid. The Quantum lawsuit accuses Overland of infringing four of the company's patents (U.S. Patent No. 6,542,787, No. 6,498,771, No. 5,925,119 and No. 5,491,812). The infringement claims involve products in Overland's NEO tape library and SnapServer product lines. Full Article
Quantum Corporation Issues Q2 2013 Revenue Guidance Below Analysts' Estimates
Quantum Corporation announced that for the second quarter of 2013, it expects revenue of approximately $150 million to $155 million. According to I/B/E/S Estimates, analysts are expecting the Company to report $157 million for the second quarter of 2013. Full Article
Quantum Corporation Lowers Q1 2013 Guidance
Quantum Corporation announced preliminary results for the first quarter of 2013, and expects revenue of approximately $141 million, a GAAP net loss per share of approximately $0.07-$0.08 and a non-GAAP net loss per share of approximately $0.03-$0.04, below the levels Quantum anticipated when it provided in Q1 2013 guidance in its last earnings announcement on May 9, 2012. The shortfall is primarily due to lower than expected revenue in Europe and challenges closing large deals across all regions in the last few weeks of the quarter. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $155 million. Full Article
Indonesia mogul ready to discuss deal on Intrepid project -letter
MELBOURNE, May 21 - An Indonesian tycoon who owns a big stake in a huge copper and gold prospect taken from Australia's Intrepid Mines last year is willing to resolve the ownership dispute, he said in a letter to an investor looking to oust the company's board.

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