QUANTUM Message Board - Msg: 8664037

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Technology Stocks : QUANTUM

QNTM 9.940

-0.6%

Dec 5 9:30 AM EST

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To: TechMeister who wrote (8600)	4/1/1999 7:19:00 PM
From: still learning	of 9124

Yes, last qtr included a complete write off. Only at risk item going forward is how they treated the ATL acquis. Writing off $89 mm in in process R&D. These types of transactions are routinely being questioned now. Rd MKK, from last qtrs earning announcement: These charges include $101 million associated with the dissolution of the company's recording heads joint venture, which represents the full extent of the charge the company will take for its portion of the closure. In addition, the special charges include $89 million related to the write off of in-process research and development following the company's acquisition of ATL Products, Inc., which was previously disclosed at the time the company announced the acquisition. Including those charges, the company had a net loss of $106.6 million, or $.64 per share, diluted.

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