Articles about quantum

Quantum Scalar i40 tape library

Quantum: We've got that accounting probe taped. Now about refinancing...

Timing is everything: Quantum Corp is renegotiating a refinancing package that could, if not agreed, take the business down. At the same time, it is nearing the end of an accounting probe that has highlighted serious revenue recognition errors in multi-year results that will need to be rectified. An investigation by the firm's …
Chris Mellor, 17 Sep 2018
Fingers measuring a tiny distance

Boffins ask for £338m to fund quantum research. UK.gov: Here's £80m

The UK Treasury has decided that £80m is perfectly sufficient to support quantum research – a quarter of a billion less than what was asked for. Norman Lamb MP, chair of the House of Commons' Science and Technology Committee, bemoaned some impressive underfunding by the Treasury in a letter (PDF) sent to the Chancellor of the …
Richard Speed, 17 Sep 2018
Must go faster must go faster

Quantum gets MESHy, speeds up StorNext with Excelero NVMeOF tech

Quantum has near-doubled StorNext speed by using Excelero’s NVMESH to provide faster data access than it’s capable of providing on its own. StorNext is a scale out, multi-tiered file data management product, including software and hardware such as the Xcellis arrays, popular with Media and Entertainment (M&E) customers. NVMESH …
Chris Mellor, 14 Sep 2018
Close up of tangled tape

Reel talk: You know what's safely offline? Tape. Data protection outfit Veeam inks deal with Quantum

Data protection firm Veeam has forged an alliance with one of the oldest data protection technologies of all – tape. Tape storage outfit Quantum and Veeam said the latter's backup software can send data to tape via a dedicated external physical server, which hosts Veeam's tape server. This physical server has to be sized, …
Chris Mellor, 14 Aug 2018
Closeup of a knife and butter

Quantum seems to go through CEOs like a hot knife through butter

Sickly scale-out storage biz Quantum has hired Jamie Lerner as CEO and president, replacing interim head and new CFO Michael Dodson, who in May replaced Patrick Dennis, who replaced Adalio Sanchez, who replaced Jon Gacek in January. Phew. Quantum must be praying for stability in the C-suite after this episode. Dodson was …
Chris Mellor, 27 Jun 2018
Files and paperwork photo via Shutterstock

Double trouble at tape survivor Quantum as CEO and CFO quit firm

Scale-out storage firm Quantum has announced that CEO Patrick Dennis is stepping down to focus on family matters. CFO Fuad Ahmad has also left. Michael Dodson has joined as new CFO and interim CEO effective today. Quantum's board is now actively searching for a permanent CEO. To hire a CFO then lose the new CEO who hired him …
Chris Mellor, 31 May 2018

New Quantum head honcho thrown in at the deep end

Comment There's a new president and CEO at Quantum, with the board hoping for a dose of Patrick Dennis magic to fire up the company and return it to growth and profits. Dennis was CEO of Guidance Software, which made forensic security software such as EnCase. OpenText bought the company for $222m in September last year to add to its …
Chris Mellor, 17 Jan 2018

Xcellis: From 'gateway' for NAS dabblers to pusher of hardcore scale-out NAS boxen

Quantum has announced an Xcellis scale-out NAS system, claiming performance is three times better than the next-best competing NAS system. Xcellis is hardware separated into Workflow Director Nodes and Workflow Director Storage. The Director Nodes run StorNext software, which provides access to a multi-tier and single …
Chris Mellor, 12 Dec 2017
Gacek_and_Cohen

Quantum CEO exits as scale-out storage rescue fails

It's blood on the boardroom table at Quantum as an activist investor joins the board, the CEO leaves, the scale-out storage revenue rescue strategy fails, revenues turn down, and hopes turn to a software-defined, cloud-native future. Deep breath folks, and a quick history lesson. Quantum was one of the dominant big-iron tape …
Chris Mellor, 10 Nov 2017
Defeated-looking young man puts his head against table in front of laptop and pile of papers in conference room. Pic via Shutterstock

Quantum's scale-out storage revenues didn't scale out enough

Quantum delivered flat results with its business in limbo and awaiting direction and tuning from the new and CEO-less board. Essentially Quantum's revenues and net income were flat on the annual compare, with a trivial rise in revenue and a trivial reduction in net loss.   Q1 Fy2018 Q1 Fy2017 Q4 Fy2018 Revenues $116, …
Chris Mellor, 10 Aug 2017

Just like knotted-up headphones: Entangled photons stay entwined over record distance

Pairs of entangled photons created on a satellite orbiting Earth have survived the long, perilous trip from space to ground stations. Crucially, they are still linked despite being picked up by receivers over 1,200km (745mi) apart – the longest link ever seen before. “This is a scientific breakthrough,” says Rupert Ursin, a …
Andrew Silver, 16 Jun 2017
HBO: Game of Thrones

Stumbling StorNext ruins Quantum's solace

Quantum almost failed to meet its revenue expectations in its final fiscal 2017 quarter, as a StorNext revenue dip added to a seasonal decline. That StorNext dip was ascribed to fewer large deals than the same quarter a year earlier. Quantum’s fourth fiscal 2017 quarter showed annual growth, but only just, as the firm slipped …
Chris Mellor, 12 May 2017
The big split

Quantum sidesteps NYSE delisting with reverse stock-split move

Data protection and multi-tier file management supplier Quantum is escaping a delisting threat from the New York Stock Exchange with a 1:8 reverse stock split. The company’s shares had not traded at the minimum required average closing price of $1.00 for 30 consecutive trading days when NYSE issued the delisting threat letter …
Chris Mellor, 4 Apr 2017
NASA Cold Atom Lab concept image

NASA's atom-chiller ready to fly to the ISS

Plenty of readers will agree that the International Space Station would be a cool place to work, and it's getting cooler: a billionth of a degree above 0K (in a very small spot). If all goes to plan, August's SpaceX CRS-12 supply mission to the ISS will carry NASA's long-planned Cold Atom Laboratory, an experiment to help …
dunce_cap_648

Quantum board shake-up on the cards as threat of NYSE delisting looms

Quantum's board has caved in to activist investor VIEX and agreed to reconstitute itself with new independent directors. VIEX owns approximately 11 per cent of outstanding shares in Quantum's common stock. It claims Quantum's share price has under-performed because top brass have made wrong decisions about running the business …
Chris Mellor, 7 Mar 2017
QXS_5600_bezel

Quantum takes on GPFS and Lustre in commercial HPC market

Analysis The entertainment and media market has not been typically seen as a part of the high-performance computing (HPC) market, with the associated massively parallel file access and data set management. In the HPC world file access software such as Lustre and GPFS, now renamed Spectrum Scale are often seen. HPC was an academic and …
Chris Mellor, 1 Mar 2017
RSA

Forget quantum and AI security hype, just write bug-free code, dammit

RSA USA Every year, the RSA Conference in San Francisco brings out the best and the brightest for its crypto panel, and the view from the floor was simple. Ignore the fads and hyped technology, and concentrate on the basics: good, clean, secure programming. The panelists were unimpressed with recent moves to build artificially …
Iain Thomson, 15 Feb 2017
Hannibal Lector wearing mask

White-knight investors or capitalist cannibals? VIEX vexes Quantum

In another wonderful example of the US capitalist system's ability to enable businesses to eat each other for short-term shareholder reward, an activist investor is looking to take over Quantum's board and restore shareholder value. VIEX Capital Advisors takes a stake in small cap companies that have under-performed on the …
Chris Mellor, 3 Feb 2017

Create a news alert about quantum, or find more stories about quantum.

Biting the hand that feeds IT © 1998–2018