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MILPITAS, Calif., March 23, 1999 – Quantum Corporation (NMS:QNTM) announces the celebration of the shipment of its one millionth DLTtape™ drive and 30 millionth DLTtape cartridge.

“In today’s non-stop business environment, IT professionals rely on DLTtape drives and media because they provide unsurpassed data protection,” said Bill Boles, vice president, marketing for Quantum’s DLTtape Division. “We’ve shipped a million DLTtape drives and 30 million tape cartridges for one reason: IT professionals charged with protecting their company’s most critical asset – stored content – trust DLTtape more than any other tape backup technology. As the need for data storage increases, and the window for backing up this data continues to decrease, Quantum is providing a clear path for the future.”

“During Quantum’s fiscal year, the installed base for DLTtape drives increased 70 percent from 600,000 to one million units,” said Brodie Keast, vice president and general manager of Quantum’s DLTtape Division. Quantum Corporation’s fiscal year runs April 1 to March 31.

The one-millionth drive and 30 millionth DLTtape cartridge shipments represent further market expansion of DLTtape technology. According to the International Data Corporation (IDC), in a recently published report, DLTtape held 40 percent of total OEM drive revenue in the worldwide midrange1 tape storage market at the close of 1998.

“DLTtape technology continues to gain momentum in the mid-range tape storage market,” said Bob Amatruda, senior analyst at IDC. “With one million DLTtape drives shipped and thirty million cartridges in the field, DLTtape has become the technology to beat.”

One-millionth DLTtape drive delivered to Compaq

Quantum’s millionth drive, a DLT 7000, rolled off the assembly line at Quantum’s Colorado Springs, Colo. facility, and was shipped to Compaq Computer Corporation (NYSE:CPQ). The Compaq/3570 DLT drive will be installed as part of the backup solution in a ProLiant Server environment.

“Customers tell us they want DLTtape-based storage solutions because it gives them an edge in safeguarding critical data,” said Jeff Jenkins, marketing manager of the Data Products Business Unit of Compaq’s Storage Products Division. “For mid-range enterprise systems, DLTtape offers unparalleled performance and reliability.”

About Quantum

Founded in 1980, Quantum Corporation (www.quantum.com) is a diversified mass storage company committed to achieving customer satisfaction through high quality and reliability. Quantum is the highest volume global supplier of hard disk drives for personal computers, a leading supplier of high capacity hard drives and the worldwide revenue leader among all classes of tape drives. Quantum sells a broad range of storage products to OEM and distribution customers worldwide. Quantum’s sales for the fiscal year ending March 1998 were $5.8 billion.

The foregoing statements regarding expansion of the DLTtape market and installed base and the success of future DLTtape products are forward-looking statements, and actual results could vary. Factors which could affect actual results include the successful completion of remaining development efforts, the ability to successfully integrate new technology into DLTtape products and manufacture those products in sufficient quantity in a timely, cost effective manner, the market acceptance of the DLTtape products and the price/performance characteristics of competitive product offerings.

Quantum and the Quantum logo are trademarks of Quantum Corporation, registered in the United States and other countries. DLT and DLTtape are trademarks of Quantum Corporation. Compaq, Registered U.S. Patent and Trademark Office.

1IDC defines Midrange Tape Storage technologies as those in the SLR, 4mm, 8mm and DLTtape categories.

Quantum Contact



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