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August 9, 2001 | Times Staff and Wire Reports
Data storage device maker Quantum Corp. of Milpitas, Calif., said it is acquiring Connex, a Western Digital Corp. unit that develops network-attached storage modules, for $11 million. Quantum said Connex's technology should boost the features offered in Quantum's Snap Server product line as well as broadening its storage systems portfolio. Western Digital, a Lake Forest disk drive manufacturer, also will provide hard drives to Quantum's Snap Appliances unit on a nonexclusive basis.
May 22, 1993
To report that NBC's "Quantum Leap" "simply ran out of steam in the ratings" does not show the whole picture ("Networks Fan Sweeps With Exits, Events," April 24). NBC killed "Quantum Leap" by moving it from Wednesday night at 10 to Tuesday at 8, preempting it week after week and cutting its budget, diminishing its quality. If "Quantum Leap" ran out of steam, it was because NBC wanted it that way. "Quantum Leap" viewers are still here and, like those of a certain other canceled series ("Star Trek")
January 13, 2004 | John O'Dell
Irvine-based Quantum Fuel Systems Technologies Worldwide Inc. said it would develop and install compressed natural gas fuel systems for General Motors Corp.'s full-size pickup trucks through the 2005 model year. The contract extends Quantum's existing natural gas programs for GM full-size pickups, and it could add $8 million to $10 million in revenue a year. The truck conversions are done at Quantum's Lake Forest facility.
February 23, 2001
The Quantum Group Inc. in Tustin said it acquired a unit of Utek Corp. that has been granted a license for de-icing technology invented by a Dartmouth College engineering professor. The acquisition of Utek's TDI subsidiary involved a stock swap. Financial details were not disclosed. The subsidiary will commercialize the Dartmouth de-icing technology for such venues as roads, bridges, airport runways, playgrounds and sports facilities, Quantum said.
March 24, 1998 | Bloomberg News
Quantum Corp. warned that sales and earnings for its fiscal fourth quarter will be lower than expected because of falling prices for desktop hard drives and weak demand for high-end tape drives. It said it expects break-even earnings, or slightly better, for the three months ending March 31. Sales are forecast to be 20% lower than the $1.52 billion reported in Quantum's third quarter. In the year-ago quarter, Milpitas-based Quantum reported earnings of $87.
December 28, 1988 | From Times staff and wire reports
Quantum Chemical Corp. announced today it was undertaking a $1.1-billion recapitalization plan that includes a one-time, $50 per-share dividend. The announcement sent Quantum's shares skyrocketing on Wall Street as investors scrambled to take advantage of the dividend to be paid Jan. 10. Quantum stock rose $17.12 1/2 a share to $105.62 1/2 in early New York Stock Exchange trading.
September 20, 1988
Tandon Corp. is denying accusations made by Quantum Corp. in a lawsuit that disk-drive data storage equipment Tandon once made infringed on Quantum patents. Tandon was sued last week in U.S. District Court in San Jose by Quantum and its Plus Development subsidiary. Tandon, which finished moving its corporate headquarters to Moorpark from Chatsworth on Friday, sold its disk-drive business to Western Digital earlier this year.
February 25, 1994
Quantum Health Resources Inc. said Thursday it had adopted a "poison pill" to avert hostile takeovers. Shareholders will be issued a right to buy one-hundredth of a share of a new preferred stock for each share of common stock the shareholder owns at a price of $100. The rights are exercisable if a hostile suitor announced a tender offer or acquires 15% or more of the common stock. Quantum is a leading national provider of health care to people with chronic diseases.
February 16, 2006 | John O'Dell
Irvine-based Quantum Fuel Systems Technologies Worldwide said it would develop a hydrogen-burning Ford Escape Hybrid vehicle for the Army as part of a hydrogen fuel demonstration project. Quantum, a hydrogen fuel systems specialist, said it would develop an on-board fuel storage system, fuel injection system and electronic controls to convert the gasoline engine in the gas-electric Escape Hybrid to an engine that runs on hydrogen. Details of the contract were not revealed. -- John O'Dell
August 2, 2002 | Associated Press
Richard Belluzzo, who resigned in April after serving a little over a year as Microsoft Corp.'s president and chief operating officer, was named CEO of data storage company Quantum Corp. Belluzzo will succeed Michael Brown, who is stepping down after seven years as chief executive. No reason was given for Brown's decision, but he will continue to serve as chairman of Milpitas, Calif.-based Quantum's board.
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