Artifical intelligence, video surveillance, video production, all in great shape. Product offerings are only half of the equation. Now need to cut costs. Need to see a path to revenue per employee growth up to $1M. Not seeing even close to that yet. Show us shareholders what we need to see!
The top line growth story appears to be developing, but I think a serious reduction in workforce is still needed, especially in old management and technical advisor positions that led Quantum down into the current mess. Competitors need to feel that Quantum is becoming a growing threat to their business, not only with product offerings, but also in energetic and efficient delivery of those products that much larger competitors can't match. THAT's what will truly drive shareholder value!
I found this company and am sticking to it Looks good to me
Check out news item regarding partner Veritone inc.
Nice, positive press release, Fuad & Raghu! Thank you! Please keep the great news for shareholders coming!
Regarding the latest press release, "...yes...Yes...YES!!!" Raghu & Fuad, please don't hold back! The shareholders are counting on you!
Dear board members, a bit more "sense of urgency" would feel really nice. You already know you're out-dated management and consultant heavy! You already know some products and models have turned out to be duds. You already know that products in every roadmap can be deferred or cancelled to need fewer engineers and save costs. C'mon, throw us a fresh bone...
The growth technology that Quantum has is data/video archiving (NOT data back-up). It's hard to find a better overall archiving solution than what Quantum offers. I have to believe that the tape business is profitable, because I think Quantum owns a huge share of that market, which would be good to invest in sales & marketing to make the archiving business grow faster. BUT the data back-up business (I think it's called DX) is too competitive, commodity, and low-margin that I bet can't possibly pay for all the engineers and facilities that it costs to produce it. Quantum should sell it, or spin it off into it's own company. If it survives, then it was meant to be. The archiving product is good enough. Keeping a large, high-paid staff for add-ons that don't dramatically accelerate sales is ridiculous! Seems like it's good enough to only need support engineers now. Same for Tape. Maybe they keep a skeleton crew (maybe 10) of experienced engineers to tackle super high-growth changes (pay them well), but then outsource the rest of the jobs to Eastern Europe. The bottom line is that they need to return to start-up mentality, and then this stock will soar! Having 1100+ employees for stagnant growth seems like just plain irresponsible management to me! With such a long stagnant history, and under the current circumstances, it seems like at most 1/2 of that would be more responsible! Time for all hands on deck, I'd say!
This buyout is taking forever, Quantum. just sell already and get it over with.
Heading to $3? Just old technology?
My fear is they will sell for $7 or $8 a share (whereas most of us will lose our collective shirts). Then I am joining the class action lawsuit! Time to "lawyer up" if you are an officer or executive of Quantum. Of course, it won't make any difference or allow me to recoup the money I've lost. My investment currently stands at a 70% loss.
"...identify and deliver financial improvements...fully committed to acting with a sense of urgency...to aggressively pursue cost savings...to invest in growth initiatives." For as negative as I've been, even I have to admit that with these meaningful shifts at the very top, and hopefully much more to come in other worthless management layers, along with a solid dedication to the shareholders, maybe there's a tiny bit of hope for QTM after-all?
The NEW Chairman is a bumbling idiot. Good Luck!
Selling at 7 is ok
I think QTM might have reached its upward limit and that a pullback may be possible. google awesome*sto-cks - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
Their future is VIDEO ARCHIVING. StorNext is a great product. Undersold and undermarketed. TERRIBLE management.
USELESS TRASH GaSHIT and QTM POS executives are all way OVERPAID. they all drive Tesla cars and make Elon Musk very filthy rich off QTM shareholders $$$$$$
About time for some positive change....show Gacek to the door as well.
When will QTM go BANKRUPT? List DATE of QTM BANKRUPTCY my predication is: Early Next Year !!!!!!!!!!!!!!!
SOME many QTM insiders were selling before earning = They KNEW a BAD QTR was coming. No insider buying also a BAD sign too. Going LOWER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!