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Published in Stocks and Investing on Friday, March 13th 2009 at 14:06 GMT, Last Modified on 2009-03-13 14:07:25 by Market Wire

SAN JOSE, CA--(Marketwire - March 13, 2009) - Quantum Corp. (
In addition, with the NYSE's recent suspension of its $1 minimum trading price requirement, Quantum now has until at least mid-August of this year to regain compliance with the $1 listing standard. If the company's stock price does not reach the required level by then, Quantum can proceed with a reverse stock split based on shareholder approval granted last year.
Quantum had previously announced that the NYSE had notified the company that it was not in compliance with the continued listing standards requiring companies to maintain an average market capitalization of at least $75 million over a trailing 30-day trading period and an average closing stock price of at least $1 for 30 consecutive trading days.
About Quantum
Quantum Corp. (
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