NEWS RELEASE, 10/21/99

Quantum Corp. endows physics fellowship at UC Berkeley in honor of late CTO and Cal alumnus Kenneth Lee

By Robert Sanders, Public Affairs

BERKELEY--The University of California, Berkeley, announced this week that Quantum Corp. of Milpitas, Calif., has made a $500,000 gift to the campus's Department of Physics to endow a graduate fellowship in memory of the late Kenneth Lee, the company's former executive vice president and chief technology officer.

Lee was a native of Oakland and attended UC Berkeley, where he received his undergraduate and doctorate degrees in physics. At the time of his death of a heart attack on Jan. 1, 1999, Lee had been at Quantum for 10 years, where he earned a reputation as an technological visionary and a respected manager and leader.

"Ken Lee made many significant contributions to Quantum," said Michael Brown, Quantum chairman and chief executive officer. "His death was a great loss to us as a company and to his many co-workers as a friend. We knew at the time that we wanted to honor his memory in an appropriate way. This fellowship grant is a fitting memorial, and we are pleased to present the gift to fund it."

Quantum's gift to the physics department is the first fully-endowed corporate fellowship in the department's history.

"We're grateful for the opportunity to work with Quantum Corporation to establish this fellowship as a memorial to Ken Lee," said physics department chair Roger Falcone. "After graduating from our department, Dr. Lee went on to become a leader in magnetic recording technologies and related fields, which have taken on critical importance in today's information-based world.

"We're particularly pleased that Quantum has endowed this fellowship to help Berkeley support generations of physics students in their studies. This fellowship will be a significant factor in helping us carry on our tradition of training future science and business leaders."

Founded in 1980, Quantum is the highest volume global supplier of hard disk drives for desktop personal computers, a leading supplier of high capacity hard drives and the worldwide revenue leader for all classes of tape drives. Quantum has a global distribution network that includes commercial and industrial distributors in more than 25 countries and offices in North America, Europe and Asia.


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