Quantum (QTM +21.2%) is up sharply after Starboard Value discloses a 15.9% stake, and says it...

|About: Quantum Corporation (QTM)|By:, SA News Editor

Quantum (QTM +21.2%) is up sharply after Starboard Value discloses a 15.9% stake, and says it intends to hold talks with management regarding board representation and actions that "can dramatically increase profitability." Quantum was recently clobbered thanks to a weak FQ2 report and a convertible debt offering Starboard says it took part in. (13D)