May 20, 1998 |
Reacting to more demands to preserve computer data, disk drive powerhouse Quantum Corp. said Tuesday that it will buy Irvine-based ATL Products Inc. for about $300 million in stock. ATL makes automated tape libraries, or systems used for archival and backup storage of network computer data. "It's a very fast-moving industry, and it makes a lot of sense for these two companies to get together," said Neil Cooper, an analyst with Cruttenden Roth Inc.
December 11, 1997 |
Two of the biggest computer disk drive companies--Seagate Technology Inc. and Quantum Corp.--sent out distress signals Wednesday, confirming that the industry faces a serious glut. Seagate, the world's biggest disk drive maker, said it will close a drive manufacturing plant in Clonmel, Ireland, and lay off 1,400 workers there. Quantum, the No. 2 disk maker, warned investors that its third-quarter earnings will be less than half as much as Wall Street has forecast.
April 28, 1992 |
Stephen Berkley likes to talk about how fast his business is. A deadline every minute, he says. Still, Quantum Corp., the Milpitas-based disk-drive maker, insists on speeding things up. Not long ago, for instance, the company succeeded in reducing how long it takes to turn an idea into a product on the shelf. In the past, it took 18 to 30 months, said Berkley, Quantum's chairman. Now the company is working in the 12- to 14-month range.
May 1, 1990 |
The secret of why Quantum Corp. is the most productive computer products company in California is immediately evident in its new factory: 11 robots. They insert screws and torque them for the San Francisco Bay Area disk drive maker. They place clamps and thin film into the data storage units. They leave only the most intricate work to the factory's 50 humans, such as soldering microscopic wires.
May 29, 1996
AmeriQuest Technologies Inc. said Tuesday that it has become a nationwide distributor for hard disk drive products made by Quantum Corp. in Milpitas. Under the agreement, AmeriQuest is authorized to sell Quantum's line of hard disk drives and will sell Quantum's tape storage products in the near future.
July 29, 1998
ATL Products Inc.: The Irvine manufacturer of automated tape libraries to store computer data reported that net income for the first fiscal quarter ended June 30 increased 58% to $1.9 million, or 19 cents a share, from $1.2 million, or 12 cents a share, a year ago. Revenue advanced 77% to $33 million from $18.6 million. Quantum Corp. recently offered to acquire ATL, pending stockholder approval.