Quantum Makes Bid for Midrange DLT Markets.(ATL Products)(Company Business and Marketing)

In late May, Quantmn Corp. (Milpitas, Calif., www.quantum.com), the fourth largest manufacturer of hard disk drives, acquired ATL Products Inc. (Irvine, Calif., www.atlp.com), a manufacturer of DLT libraries for midrange market segments. The acquisition was seen by analysts as a move on Quantum's part to broaden its presence in the DLT library market.

The deal must be approved by ATL's stockholders in September.

Quantum originally acquired the rights to the DLT format developed by Digital Equipment Corp in 1994. At the time, total revenue from DLT sales was