The CEO is also looking to boost the firm's tape story over the coming months in the face of flat revenues from DLT-based products. "We need to get a better competitive position on media," he said.
True to form, Quantum could not resist a swipe at its tape rival Sun, which is struggling with its own M&A challenges. (See Storage Slows Down Sun.) "We're an independent storage company with an independent go-to-market and an independent channel," said Jon Gacek, the vendor's CFO, during today's call, explaining that the firm is solely focused on selling backup and archive products. This, he added, is different than "other players" looking to sell broader portfolios of products. (See Sun, Hitachi Talk Storage and Sun Storage Chief: We're Not for Sale.)
The market was not exactly overwhelmed with Quantum's results. In after-hours trading, the vendor's shares fell 3 cents (1.21 percent) to $2.44.
James Rogers, Senior Editor Byte and Switch
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