Item 8.01. Other Events

On October 27, 2008, Quantum was notified by the New York Stock Exchange ("NYSE") that it was not in compliance with the NYSE's continued listing standard requiring that stocks trade at a minimum average closing price of $1.00 for 30 consecutive trading days. Under NYSE rules, Quantum must inform the NYSE by November 10, 2008, of its intent to cure the average stock price deficiency, and it intends to do so. Quantum has until April 27, 2009 to comply with the listing standard or be subject to suspension and delisting procedures. Quantum's stock will continue to be listed on the NYSE during the six-month cure period, subject to compliance with other NYSE continued listing requirements. A copy of Quantum's press release is attached as Exhibit 99.1 hereto and incorporated by reference.

This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing."

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