 It was founded by David S. Lee and Robert E. Schroeder in 1973, grew to become the largest printer company in the world, and was acquired by ITT Corporation for an unprecedented $164M in 1978.It remained a division of ITT until its acquisition by Wyse Technology sometime before 1995.Qume also manufactured floppy diskette drives, particularly 5.25" ones, but it also manufactured 8" diskette drives as well.