EMC Helped Quantum, May Buy Company Outright Now (EMC, QTM)
Quantum has three times the revenue that 3Par does, and has a much smaller market cap, at nearly 300 million. This compares to the $1.2 billion for 3Par.
In addition to the rumors that EMC may buy Quantum, last year the data storage company provided Quantum with a $100 million lifeline to essentially keep the company afloat.
It looks like now that the company may eventually be swallowed up into EMC.
Shares of Quantum are spiking on this news, up 9.5% to $1.45.
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