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Quantum Provides Insight on Recent Events and Future Direction; Renewed Focus on Automotive Technologies; Cost Reduction Plan
"The board members want to assure stakeholders that they (i) are enthusiastic about the Company's opportunities, technology and asset mix, and (ii) have full confidence in the new leadership team to execute on the Company's near-term direction, which is to grow, expand and enhance the Company's core automotive products and technologies, reduce its operating costs in an effort to restore confidence, as well as rebuild and grow stockholder value."
Not likely at price -$1.00 per share.
May 22, 2012. 10:22 AM
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