Quantum issues earnings warnings

Due to the slowdown in IT sector, Quantum issued the Q1 earnings warnings yesterday and estimated that per share earnings would stand at 10-12 US cents, lower than the market expectation of 17 US cents, while the Q1 income would drop to US$265-275 mln.

Besides, the company had cancelled the spin-off listing plan of Snap Appliances which specializes in providing network accessorial storage service. The company had applied to make Snap listed last Oct.

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