If sales revenue had been just 3 per cent higher, Quantum would have broken even. Instead its first fiscal 2012 quarter showed a $5m loss on revenues of $154m – instead of the expected $160m.
Those revenues were 6 per cent down on the year-ago quarter. Then revenues were higher because $9.5m came in from an OEM selling Quantum’s DXi deduplication product. That arrangement stopped and so 6 per cent of the year ago quarter’s results disappeared, and Quantum needed to make that up. I