Soros Fund Ups Quantum Corp Position ~ market folly

Monday, August 1, 2016

Soros Fund Ups Quantum Corp Position

George Soros' family office Soros Fund Management has filed a 13G with the SEC regarding its stake in Quantum Corp (QTM).  Per the filing, Soros now owns 5.27% of Quantum with over 14 million shares.

This is up significantly from the 1.66 million shares they owned at the end of the first quarter.  The filing was made due to activity on July 22nd.

Per Google Finance, Quantum Corp "focuses on scale-out storage, archive and data protection, providing solutions for capturing, sharing, managing and preserving digital assets over the entire data lifecycle. The Company's end-to-end tiered storage solutions enable users to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. It works with a network of distributors, value-added resellers (VARs), direct marketing resellers (DMRs), original equipment manufacturers (OEMs) and other suppliers to meet customers' evolving needs. Its scale-out storage portfolio includes StorNext software, appliances and full systems called StorNext Pro Solutions, as well as Xcellis workflow storage, QXS disk storage, Lattus extended online storage and Q-Cloud Archive and Vault services. Its StorNext offerings enable customers to manage large unstructured data sets in an information workflow."

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