John Gannon, president of the DLTtape group, has been named president and COO for the entire company, reporting to CEO Rick Belluzzo.
Quantum says integrating the two business groups will streamline its operations, cut out redundant job functions, and make it easier for customers and partners to do business with the company.
Also today, Quantum updated its guidance for the December 2003 quarter, with revenues to be roughly flat sequentially and operating expenses in the range of $78 million to $83 million. As a result, the company said it expects its net loss for the current quarter to be $0.14 to $0.17 per share.
The company has suffered steady losses and unexpected shortfalls in recent quarters, stung by falling tape media prices and accounting charges (see Quantum Pares Back Forecast, Quantum Seeks SDLT Salvation, Quantum Posts Q2 Net Loss, Quantum Puts Up Q1 Loss, and Quantum Posts $264M 2003 Loss).
Todd Spangler, US Editor, Byte and Switch
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
