SUBSEQUENT EVENT
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Mar. 31, 2013
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Subsequent Events [Abstract] | |
Subsequent Events [Text Block] |
NOTE 16: SUBSEQUENT EVENT On May 8, 2013, we entered into an intellectual property agreement with Microsoft Corporation (“Microsoft”). Under this agreement, the parties each provide the other with broad patent protection across their respective product lines. In addition, Microsoft agreed to make a one-time cash payment of $15 million to Quantum, which will be recorded as royalty revenue during the first quarter of fiscal 2014. |
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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