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Quantum Enhances Senior Management Team

(July 26, 2001)
Quantum Corporation announced that Ray Robidoux has been named president of its Snap Appliances business and Russell Stern has joined Quantum|ATL as chief operating officer. Robidoux will report directly to Michael Brown, chairman and CEO of Quantum, while Stern will report to Kevin Daly, president of Quantum|ATL, both effective immediately. The addition of Robidoux and Stern will further strengthen Quantum's management team as the company expands its role as a storage solutions provider.

"We are excited about the tremendous long-term opportunities in storage and are taking steps to ensure we have the management infrastructure in place to take advantage of these opportunities and grow our businesses," said Michael Brown, chairman and CEO of Quantum. "Both Ray and Russell bring business expertise that will be extremely valuable as Quantum focuses on offering customers a broader range of storage solutions from the workgroup to the data center."


Ray Robidoux

Robidoux will be responsible for overall management of Snap Appliances, the leader in workgroup-level network attached storage (NAS). He has nearly thirty years of experience in sales, marketing, and operations, most recently as vice president of North American consumer sales, marketing and service for Compaq Computer. At Compaq, he managed an organization of over 400 employees and oversaw multiple sales channels, including Internet and small and medium business retail sales. Prior to Compaq, Robidoux held executive positions at Cerplex and Simple Technology and spent eight years in progressively more senior roles at AST Research.

Robidoux succeeds Jim Schraith, who is returning to Quantum Technology Ventures, the company's internal venture capital fund that he helped launch eighteen months ago. During Schraith's tenure at Snap, Quantum has solidified its leadership in workgroup-level NAS, doubling its installed base and winning numerous product awards. Quantum is the largest supplier of units across all NAS markets and third largest in terms of NAS revenue. In addition, the company is moving to extend its leadership to higher-level NAS markets as part its overall storage solutions strategy.

Russell Stern

Stern assumes primary responsibility for core business activities at Quantum|ATL, the category leader in DLTtape automation. He comes to Quantum with over twenty years of experience in high technology and management, including a strong product development, marketing, and operations background in computer peripherals, storage devices, firmware, software, and test systems. Most recently, Stern served as CEO of Escrow.com, a provider of online transaction management technology and business escrow services. Prior to that, he held a variety of executive positions at Western Digital, Seagate Technology, Adaptec, and IBM.

With Stern taking on day-to-day operational management responsibilities, Quantum|ATL president Daly will focus more of his attention on providing strategic direction to expand Quantum's range of enterprise storage solutions.

Quantum's storage solutions business, which includes both Snap and Quantum|ATL, has achieved a ten-fold growth in revenues over the last three years. This business now represents about thirty percent of overall Quantum revenues, compared to just fifteen percent three years ago.

For more information, visit www.quantum.com

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