Quantum Corp, the Milpitas, California-based manufacturer of data storage products, has reported fourth-quarter net income of $56.7m on revenue up 1.8% at $1.31bn, compared to net income of $2.7m in the year-ago quarter. Earnings per share for the quarter rose to $0.33 from $0.02, matching the consensus estimate of analysts surveyed by First Call. For the full year, the company posted a net loss of $29.5m on revenue down 15.6% at $4.9bn, against net income of $170.8m, or $1.07 per share. Full-year results include one-time charges of $101m from the dissolution of the company’s recording heads joint venture, and $89m to write off in-process research and development associated with the acquisition of ATL Products Inc. Quantum said it shipped 7.1 million hard disk drive units during the quarter, of which 6.7 million were desktop units, for an increase of approximately 200,000 units sequentially. High-end disk drive shipments for the quarter were 427,000 units, a 10% increase from the prior quarter. á
