The businesses Quantum Corp is buying from Digital Equipment Corp – for about $400m – have annual revenues of about $750m to add to the $2,100m or so Quantum did last fiscal; about 5,000 regular and temporary DEC employees will move to Quantum, which has a work force of about 3,300 and the company will also acquire the facilities in Shrewsbury, Connecticut, and in Penang, Malaysia – plus DEC’s 81% interest in Rocky Mountain Magnetics Inc, which is developing the magneto-resistive head technology that Quantum needs to take on IBM Corp, Seagate Technology Inc and Conner Peripherals Inc in the high-end high-capacity disk drive market; Quantum also gets an agreement from DEC to supply a substantial percentage of the internal drives used in its core computer business.
