QUANTUM Message Board - Msg: 10034949

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Technology Stocks : QUANTUM

QNTM 8.980

+4.5%

Nov 7 9:30 AM EST

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To: Gottfried who wrote (8949)	6/8/1999 2:24:00 PM
From: Will Cunningham	Read Replies (2) of 9124

I agree that MDCD is not a sure thing as far as getting the highest premium of $10 for a return. However, we are seeing strength and momentum coming into parent Quantum's stock and the price of MDCD could move incrementally higher as both parties move closer to completing the merger (late July or early August?). I think that MDCD will run up sharply when this news comes out. It will gap up on the press release announcement and then folks will sell out or hold until the deal finally gives them the QNTM share exchange ratio. The risk is that the deal is doesn't go through (doesn't seem likely, but could happen), or that MDCD falls to the lowest possible deal exchange price of $7. The floor at $7 right now makes MDCD look attractive for some appreciation into the $8-10 range. I also think that MDCD is illiquid right now and the market makers don't have enough inventory of MDCD to meet any future demand push that materializes--lots of investors already own MDCD and have made their play. The next news that should move the price is Quantum trading around $25 or the eventual deal closing announcement. I like the risk/reward for MDCD appreciation.

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