Why Business Leaders Should Care About Quantum ComputingMay 16, 2019
Threat Roundup for Jan. 25 to Feb. 1May 16, 2019
SAN JOSE, Calif., Sept. 14, 2018 /PRNewswire/ — Quantum Corp. (NYSE: QTM) today announced that the Special Committee of its Board of Directors has substantially completed its internal investigation. The Committee conducted the investigation with the assistance of independent advisors.
In connection with the investigation, the Board of Directors has concluded that there were misstatements in the Company’s previously issued consolidated financial statements and other financial information relating to the recognition of revenue for certain transactions prior to satisfying the criteria for revenue recognition required under U.S. GAAP. The misstatements gener…