Milpitas, Calif.-based Quantum Corp. announced plans to become a more diversified storage systems company by more clearly separating its disk drive and storage systems businesses. To do that, the company will grow its storage systems operation with new products, including the DLT-brand tape drive assembled in Colorado Springs.
Quantum will also replace its Nasdaq stock, traded under QNTM, with two classes of tracking stock to track the separate performance of the companys divisions. Both would still carry the Quantum name. Quantum plans to unveil new storage products, such as a storage library combining disk drives and tape drives and storage accessories. The company employs 1,200 people at its local plant.