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To: Venkie who wrote (13391)	5/1/2001 5:22:14 PM
From: freeus	of 13572

This?MILPITAS, Calif. (Reuters) - Quantum Corp., a maker of digital linear tape (DLT) devices for data storage systems, on Tuesday reported fourth-quarter earnings at the low end of reduced estimates and said revenues would slip in the current quarter because of the slowing economy. Quantum (NYSE:DSS - news) reported net income of $32 million, or 20 cents per share on revenues of $309 million for the quarter ended March 31. The company warned in late March that earnings per share for would be in the range of 20 to 22 cents because of a slowdown in corporate investment in information technology. Quantum, once one of the leading makers of hard disk drives sold that business unit to rival Maxtor Corp. (NYSE:MXO - news), in order to focus on higher-margin data protection and storage products. On Tuesday, the company said that revenues for its fiscal first-quarter would decline slightly from the past quarter because of an anticipated decline in sales of DLT drives. Quantum said that it would continue to invest in its storage business, holding expenses flat and projecting a decline in operating earnings as a result. Quantum shares are down about 14 percent since the start of the year, outperforming market-leader EMC Corp. (NYSE:EMC - news), which has fallen about 27 percent over that period. Both stocks have lagged the broader market, even amid a general slump in technology stocks. The Nasdaq Composite index is down 12 percent this year as of Tuesday's close. No must be something else, this isnt directly EMC story.

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