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Technology Stocks : QUANTUM
QNTM 11.03-10.6%12:56 PM EDT
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To: SamuraiSam who wrote (9054)7/15/1999 3:48:00 PM
From: Sam  Read Replies (1) of 9124
 
Well, back over 27 today, but this time without most of the rest of the sector. STK up nicely as well. Perhaps this is a response to EXBT dripping away? They just reported revenues down to $48m, a loss of over $16m, and more red ink to come in this quarter. They speak of a fall roll out of Mammouth II, but they had been speaking of a summer roll out earlier in the year. They bump directly against DLT 8000, and it won't be too long before SDLT comes out. Their cash position faded to $52m, or about $2.33 or so per share, down from $70m. A few more quarters like this one and they will be toast. This would be very good for QNTM. EXBT still has a large installed base that they are living off of, and would be fertile ground for upgrading to SDLT over the next few years.
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