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Quantum Corp de history
Quantum Corp de company history timeline
When the plant closings are completed, possibly by this fall, Quantum will have no manufacturing operations in the San Francisco Bay area for the first time since the company was founded in 1980.
By 1984, four years after its incorporation, Quantum was leading the market in mid-capacity 5.25-inch disk drives, having jumped ahead of Priam Corporation, Micropolis Corporation, and Control Data.
In 1984, a subsidiary was launched called "Plus Development" to focus on new technology development.
Nearly 20 percent of the 473,000 5.25-inch drives sold in 1985 were made by Quantum.
The company's revenues remained at the same level in 1986, but production delays with its new generation of 3.5-inch disk drives led to a loss of all but two of its customers.
A hard disk is essentially an unlocked file cabinet, and any sneak thief with a rudimentary knowledge of computers and a few floppy disks can make off with the contents without leaving a trace of the crime.By Peter H. LewisApril 19, 1988
In 1989, Quantum increased its revenues to $394.2 million and reported a net income of $41.3 million.
A $1 Billion Company in 1991
Quantum, based in Milpitas, Calif., does not have a president.By Lawrence M. FisherMarch 12, 1992
The momentum that Berkeley and Brown had created continued under the new CEO. At the end of 1992, Quantum's revenues were reported at $1.54 billion, a whopping 43 percent increase over the previous year's figures.
In late 1992, Quantum sales nearly came to an abrupt halt, as the company found itself unprepared to meet the demand for its products.
A spokesman for Digital, based in Maynard, Mass., said that the deal with Quantum, which is based in Milpitas, Calif., and recorded $1.7 billion for its 1993 revenue, had not been completed and that no details were available.
The discussions include Digital's magnetic disk, digital linear tape drive, solid-state disk drive and thin-film heads businesses.By Glenn RifkinJuly 6, 1994
In July 1994, Quantum purchased DEC's data storage division.
Digital Businesses Bought in 1994
Quantum later reacquired Plus Development and was the largest drive producer worldwide in 1994.
Quantum posted a loss of $90 million in fiscal 1996.
DLT drives accounted for a little over one-fifth of 1998's revenues of $6 billion.
Quantum inaugurated a unique scheme that allowed investors to buy shares in the two lines of business separately via "tracking stocks," which were issued on the New York Stock Exchange in July 1999.
Network-attached storage (NAS) supplier Meridian Data was acquired in 1999.
The company lost $30 million in fiscal 1999.
Quantum's Hard Disk Drive Group lost $104.8 million on revenues of $3.31 billion in the fiscal year ended March 31, 2000.
By 2000, the hard drive market was becoming less profitable.
Prior to the 2000 merger of the hard drive division, Quantum began a series of tape technology acquisitions:
HDD Group Sold in 2001
Since acquiring the tape drive business of Digital Equipment, Quantum's Colorado Springs operation had grown to occupy two buildings totaling almost 280,000 square feet and employing 1,700 people in mid-2001.
Rick Belluzzo, formerly chief operating officer of Microsoft, became CEO in August 2002.
In September 2002, Jabil Circuit acquired Quantum's Malaysian facilities and was signed on as the company's new production partner.
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