SIMI VALLEY, CA — (Marketwired) — 11/13/13 — Qualstar® Corporation (NASDAQ: QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, today reported financial results for its first fiscal quarter ended September 30, 2013.Revenues for the first quarter of fiscal 2014 were $2.2 million, compared to $3.4 million for the same quarter of fiscal 2013, a decrease of $1.2 million or 36.5 percent. Loss from operations was $2.5 million compared to $1.9 million in the firs
SIMI VALLEY, CA — (Marketwired) — 11/05/13 — Qualstar Corporation (NASDAQ: QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, today announced the departure of William J. Lurie the Company-s Vice President of Engineering.In furtherance of the Company-s efforts to reduce Qualstar-s cost structure, the Company eliminated the position of Vice President of Engineering and terminated the employment of William J. Lurie. Mr. Lurie-s duties shall be distributed among
SIMI VALLEY, CA — (Marketwired) — 10/02/13 — Qualstar Corporation (NASDAQ: QBAK), a designer and manufacturer of highly dependable data storage solutions and high-efficiency power supplies, is pleased to announce the addition of Arun Vaishampayan to Qualstar-s growing sales team. Arun will assume the role of VP of International Sales, focusing primarily on growing Qualstar-s Middle East and targeted Asia Pacific markets."Arun brings proven success selling tape storage solutions into new
SIMI VALLEY, CA — (Marketwired) — 09/30/13 — Qualstar® Corporation (NASDAQ: QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, today reported financial results for the fourth quarter and the fiscal year ended June 30, 2013.Revenues for the fourth quarter of fiscal 2013 were $2.9 million, compared with $4.3 million for the fourth quarter of fiscal 2012, a decrease of $1.4 million or 33%. Revenue was negatively impacted by previous management-s execution an
SIMI VALLEY, CA — (Marketwired) — 08/21/13 — Qualstar Corporation (NASDAQ: QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, is continuing its aggressive cost cutting strategy and extensive operational realignment to restore Qualstar to profitability. As part of the new strategy, the position of VP of Marketing has been eliminated. Robert Covey, who held that role since it was created, and was an Officer of Qualstar, has left the company to pursue other inte
SIMI VALLEY, CA — (Marketwired) — 07/15/13 — Qualstar Corporation (NASDAQ: QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, today announced the appointment of Steven N. Bronson as interim Chief Executive Officer and President of Qualstar. Mr. Bronson replaces outgoing CEO, Lawrence Firestone.The newly elected Board of Directors (the "Board") initiated its first step to dramatically reduce Qualstar-s cost structure by terminating the employment of
SIMI VALLEY, CA — (Marketwired) — 07/01/13 — Qualstar Corporation (NASDAQ: QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, today announced the results for its 2013 Annual Meeting of Shareholders held Friday, June 28, 2013. Based on information provided by the independent inspector of election, IVS Associates, Inc., shareholders have voted to elect Steven N. Bronson, Alan B. Howe, Sean M. Leder, Dale E. Wallis and David J. Wolenski as members of the Qualsta
SIMI VALLEY, CA — (Marketwired) — 06/21/13 — Qualstar Corporation (NASDAQ: QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, today announced that as part of its strategy to significantly grow its distribution channels worldwide, it has added Netrix LLC and Northern Computer Technologies (Nor-Tech) as Authorized Resellers. Based in the mid-west region of the U.S., these companies will offer the full suite of Qualstar-s renowned tape library products as part o
Qualstar Urges Shareholders to Vote WHITE Proxy Card and Reject BKF-s and Bronson-s Latest Attempt to Obtain Control of Qualstar Without Paying Shareholders a Control Premium
