Feeds

Quantum HDD ops in the red

Disappointing

  • alert
  • submit to reddit

Protecting users from Firesheep and other Sidejacking attacks with SSL

Quantum lost $19.5 million on its hard disk drive operations in its second fiscal quarter, despite a seven per cent rise in revenues to $824 million. The company described the loss as "disappointing" but claimed that things would be better next quarter, moving towards a break-even point.

Quantum shipped nine million drives during the quarter of which 8.4 million were destined for desktops - a million more than in the last quarter.

A highlight in its performance was the high-end market where gross margins stood at 28 per cent, and income doubled from previous figures. The company said that this was due to an improved pricing environment as well as a shift in buying patterns towards higher capacity drives.

A spokesman said that he expected the traditional surge in sales as we move into the festive season to be helpful to Quantum, but warned that the company could have trouble meeting demand.

He said component shortages and the ramp up of the company's new Fireball L20 drive were the constraining factors, but that revenue and unit shipments would still increase "slightly" in the quarter.

The company's HDD operations is to be folded into Maxtor. ®

Website security in corporate America

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.