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New York, NY -- (SBWIRE) -- 10/26/2012 -- Quantum Corp. (NYSE: QTM) announced today that it intends to commence a private placement, subject to market conditions, of $60 million aggregate principal amount of Convertible Senior Subordinated Notes due 2017 in reliance on Rule 144A under the Securities Act of 1933, as amended. The notes will be convertible, at the option of the holders, into shares of the company's common stock. The interest rate, conversion rate and offering price will be determined by negotiations between the company and the initial purchaser of the notes.Quantum Corp(NYSE:QTM) shares fell 11.46% to $1.27 after the company announced that it has sold more than 1,000 DXi6701/02 disk backup and deduplication appliances, driven by broad adoption in the first year of shipping. The unmatched performance, scalability and value of the DXi6701/02 helped make it the most successful branded systems product launch in Quantum's history, and since then customers across the globe have deployed it to meet their data protection needs.Additionally, the company posted second quarter revenue of $147 million, down 11% from the second quarter last year primarily due to lower-than-expected OEM and branded tape automation revenue.
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Gardner Denver, Inc. (NYSE: GDI) today confirmed that its Board of Directors , working together with its management team and the Company's financial advisor, Goldman, Sachs & Co., are exploring strategic alternatives to enhance shareholder value. These alternatives could include, among other things, enhancing the Company's existing strategic plan or a possible sale or merger of the Company.The Company stated that no decision has been made and that there can be no assurance that the Board's exploration of strategic alternatives will result in any transaction being entered into or consummated. Gardner Denver does not intend to discuss or disclose developments with respect to this process until the Board has approved a definitive course of action.Shares. Of Gardner Denver, I (NYSE: GDI) a: e term trading. 00 and is +9.90% of its off-day Moving Average price of $60.0533 and +14.26% from its 200-day Moving Average price of $57.7611. The average trading volume is 551437 shares and its market capitalization is $3.232B.
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SolarWinds Inc(NYSE:SWI) shares decreased 12.71% to $45.26 in the morning hour after the company posted a third quarter profit of $22.5 million, or $0.29 a share, from $20.9 million, or $0.28 a share, in the same quarter a year ago. Adjusted earnings were 37 cents, up from 31 cents. Revenue jumped 33% to $71.7 million. The company in July expected adjusted earnings of 29 cents to 31 cents and revenue of $66 million to $68.5 million.
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Shares of ServiceNow (NYSE: NOW ) are down nearly 12% today after beating expectations on the top and bottom lines, and after raising its full-year revenue guidance to a level where even its lower end is better than analyst expectations. ServiceNow's net loss of $0.06 per share was $0.01 worse than its year-ago quarterly result, but $0.04 better than what analysts had expected. Third-quarter revenue, which is up 88% from the year-ago quarter to $64.4 million, also came in well ahead of the consensus estimate of $62.1 million. ServiceNow's guidance for the fourth quarter expects revenue from $69 million to $71 million and a loss of $0.05 to $0.06 in EPS, both of which are better than expectations of $69.3 million in revenue and an $0.08 loss.Full-year revenue guidance, at $237.5 million to $239.5 million, now comes in ahead of the consensus estimate of $235.3 million.
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