EXHIBIT 12
QUANTUM CORPORATION
STATEMENT OF COMPUTATION OF RATIOS
OF EARNINGS TO FIXED CHARGES
Year Ended March 31,
------------------------------------------------
1996 1997 1998 1999 2000
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Income (loss) before income
taxes....................... $(141,338) $200,696 $230,815 $ (185) $ 89,170
Add fixed charges............ 48,226 56,669 41,711 38,117 39,310
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Earnings (as defined)...... $ (93,112) $257,365 $272,526 $37,932 $128,480
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Fixed charges
Interest expense........... $ 35,904 $ 47,882 $ 32,753 $27,481 $ 28,385
Amortization of debt
issuance costs............ 2,427 (i) (i) (i) (i)
Estimated interest
component of rent
expenses.................. 9,895 8,787 8,958 10,636 10,925
--------- -------- -------- ------- --------
Total fixed charges.......... $ 48,226 $ 56,669 $ 41,711 $38,117 $ 39,310
========= ======== ======== ======= ========
Ratio of earnings to fixed
charges..................... (ii) 4.5 6.5 (iii) 3.3
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(i)In 1997, 1998, 1999, and 2000, the amortization of debt issuance costs is
included in interest expense.
(ii)Earnings (as defined) for fiscal year 1996 were insufficient to cover
fixed charges by $141.3 million.
(iii)Earnings (as defined) for fiscal year 1999 were insufficient to cover
fixed charges by $0.2 million.