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quantum corp (QTM) Key Developments

Quantum Corp. to Show Live Demonstration of StorNext in the Cloud

Quantum Corp. announced that it will show a live demonstration of 'StorNext in the Cloud' - a StorNext -Lattus Object Storage cloud-enabled media workflow running concurrently at its NAB booth #SL8416 and in its customer demonstration facility at Switch's SUPERNAP data center. Leading media production companies relying on StorNext-based workflows for production and archive will now have the ability to seamlessly integrate private cloud workflows into their facilities as well as enable media sharing worldwide, linking StorNext-based workgroups without maintaining duplicate copies of content. Quantum's Lattus-powered private cloud streamlines collaboration between remote groups, improves efficiency and enables automation of common ingest, transcode and delivery operations as a seamless extension of StorNext production workflows. Creative teams can share content in real time over multiple, geographically dispersed locations and maintain a single, highly durable asset repository, or replicate assets among multiple sites for resiliency and faster access. Working in this advanced cloud-enabled environment also provides the flexibility to optimize the security and integrity of content management, scale capacity up/down to meet short-term needs, and incorporate business continuity and long-term preservation of content over its lifecycle. Quantum's Lattus-M provides fast and extremely durable long-term content inventory for delivery and future monetization by integrating next-generation object storage technology with StorNext Storage Manager in a highly scalable and efficient disk-based offering that enables policy-based management and rapid retrieval of content from multiple, geographically spread locations at nearline speeds. Lattus-M is a petascale 'forever archive' offering much greater durability than traditional RAID, including true self-healing and self-protection capabilities, and providing automatic multi-site protection without the need for replication. The result is an object storage-based cloud infrastructure which is scalable, highly resilient and disaster-tolerant.

Quantum Corp. Unveils New StorNext Pro Solutions Delivering Optimized Storage for Modern Digital Workflows

Quantum Corp. introduced its StorNext Pro Storage Solutions, which are specifically designed and highly optimized to enable the newest high-performance digital workflows and drive higher levels of efficiency for broadcasters and post-production facilities. Users face tremendous challenges building storage infrastructure that adequately supports the latest 4K workflows, more camera formats and a greater number of delivery options. With Quantum's StorNext Pro Solutions, these challenges are easily overcome by leveraging the power and efficiency of the newly re-architected StorNext 5 platform. The offerings are initially available in three configurations, each tailored to specific customer workflows: StorNext Pro Studio, StorNext Pro 4K and StorNext Pro Production. Each one is highly scalable, includes three years of product support and integrates seamlessly with the extensive StorNext ecosystem, including products from Apple, Adobe, Autodesk, Avid, Telestream and all popular media asset management applications. At the core of the StorNext Pro Solutions is StorNext 5, a new, high-performance storage management platform optimized for the deadline-driven demands of modern media workflows. Offerings include: StorNext Pro Studio is designed to easily refresh or enhance existing Apple Xsan storage environments by providing a high-performance, scalable and 100% Xsan-compatible solution with 48 TB of storage capacity. StorNext Pro Studio integrates the StorNext M441D metadata appliance with the StorNext QX1200 RAID storage system, making it cost-effective, easier to deploy and ideal for today's production studios; StorNext Pro 4K provides high-performance storage for both new and existing StorNext deployments to support demanding 4K media workflows. With flash-based metadata performance using the StorNext M445 SSD metadata appliance and scalability provided by StorNext QX1200 RAID storage systems (144 TB raw capacity), this configuration enables efficient 4K workflows, including ingest, production and delivery; StorNext Pro Production gives post and broadcast professionals a complete storage platform spanning content production to content library management. Combining the highly scalable StorNext M662XL metadata appliance, StorNext QX1200 RAID storage systems (96 TB raw) and StorNext AEL500 41-slot (102.5 TB) LTO-6 library, this unified storage foundation effectively serves production workgroups, integrated Windows/Linux review stations, proxy and transcode servers, LTFS acquisition, delivery and archive. All StorNext Pro Solutions are available with configuration enhancements that provide additional storage capacity, features and professional services. The company will showcase StorNext 5 and its new StorNext Pro Solution offerings at the 2014 NAB Show (booth #SL8416) at the Las Vegas Convention Center, April 7-10.

Quantum Names Geoff Stedman as Senior Vice President, StorNext Solutions

Quantum Corp. announced that Geoff Stedman has joined the company in a newly created position of senior vice president, StorNext Solutions. Stedman most recently as head of marketing at Tintri.

Crossroads Files Patent Infringement Suits Against Cisco, NetApp and Quantum

Crossroads Systems, Inc. filed complaints against Cisco Systems, Inc., NetApp, Inc., and Quantum Corp. in the federal district court in Austin, Texas, alleging infringement of U.S. Patents 6,425,035 and 7,934,041. Crossroads seeks monetary damages and injunctive relief. Crossroads asserts that each of these defendants have incorporated Crossroads' patented technology into their storage systems, including Cisco's MDS 9200 Series Switches, Cisco's MDS 9500 Series Directors with MDS 9000 18/4-Port Service Module, NetApp's E5400 Series Storage Arrays, and Quantum's StorNext QX-Series Storage Arrays. The asserted patents are part of Crossroads' '972 Patent Family. Since 2001, Crossroads has licensed the '972 Patent Family to more than 40 companies and received in excess of $60 million in license and settlement revenue.

Quantum Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2014

Quantum Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported total revenue of USD 145,930,000 against USD 159,368,000 for the same period last year. Loss from operations was USD 37,000 against USD 5,655,000 for the same period last year. Loss before income taxes was USD 2,107,000 against USD 7,825,000 for the same period last year. Net loss was USD 2,415,000 or USD 0.01 per basic and diluted share against net loss of USD 8,173000 or USD 0.04 per basic and diluted share for the same period last year. Non-GAAP net income was USD 6,228,000 or USD 0.02 per basic and diluted share against USD 4,912,000 or USD 0.02 per basic and diluted share a year ago. Non-GAAP income from operations was USD 8,606,000 against USD 7,430,000 for the same period last year. Revenue for the quarter was USD 145.9 million, down 8% from the third quarter of fiscal 2013, primarily due to lower tape automation revenue and a decline in DXi sales from the record DXi quarter a year earlier. The company generated USD 7.3 million in cash from operations in the quarter. For the nine months, the company reported total revenue of USD 425,329,000 against USD 447,535,000 for the same period last year. Income from operations was USD 778,000 against loss from operations of USD 29,626,000 for the same period last year. Loss before income taxes was USD 5,750,000 against USD 35,910,000 for the same period last year. Net loss was USD 6,982,000 or USD 0.03 per basic and diluted share against net loss of USD 37,127,000 or USD 0.16 per basic and diluted share for the same period last year. Net cash from operating activities was USD 15,536,000 against net cash used in operating activities of USD 8,132,000 for the same period last year. Purchases of property and equipment were USD 5,026,000 against USD 9,389,000 for the same period last year. Non-GAAP net income was USD 15,813,000 or USD 0.06 per basic and diluted share against non-GAAP net loss of USD 7,721,000 or USD 0.03 per diluted share a year earlier. Non-GAAP income from operations was USD 23,573,000 against non-GAAP loss from operations of USD 220,000 for the same period last year. CapEx was USD 1.8 million. The company provided earnings guidance for the fourth quarter of fiscal year 2014. For the fourth quarter, the company expects revenue of approximately USD 125 million to USD 130 million and GAAP gross margin of 42% to 43% and non-GAAP gross margin of 43% to 44%.


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