DSS;long;P/E13;Presenting at Conferences this week»
This week's conferences should stir up the buying for the next few weeks.
Technicals look good for a rally this week.
Could easily pop $2 by end of week.
This is about the best stock to invest in, in the storage area.
DSS is 'Quantum Corporation-DLT & Storage Systems Group' which designs,
develops, manufactures, licenses and markets DLTtape drives,
DLTtape media cartridges & tape libraries which are used to back-up large amounts
of data stored on network servers.
Backup that can be stored off site is indispensable for todays businesses.
With $1.46Billion in revenue and $150Million in income for last 4 Quarters
Thats makes the P/E less than 13, and Revenue/Share of $9.70
The Price/Sales is 1.39, and Cash/Share is $2.50
Earnings estimate for 2001 is $1.11 which is up over 2000 by $0.25
With a 104Million share float,plenty of shares for institutions
The newest SuperDLTtape will help Quantum clearly maintain its leadership position.
Super DLTtape technology offers backward-read compatibility with Quantum’s existing
DLTtape products using DLTtape IV media. Delivering unprecedented cost-effective data storage,
the first generation Super DLTtape technology drive renders 110 GB of uncompressed
storage capacity on a single cartridge and offers a native transfer rate of 11 MB/sec.
DLT has a long history, but then it is built to last. With a half-inch
surface area and a tape length of up to 1,800 feet, DLT combines
high capacity and long life. A single cartridge is good for 1 million
passes across a tape head, and can last for up to 30 years in storage.
Quantum web site:
quantum.com
***********************************
Presentations for Monday and Friday of this week:
Quantum Corporation Presenting At Two Investment Conferences in March
(BusinessWire, 03/2/2001 08:02)
MILPITAS, Calif.--(BUSINESS WIRE)--March 2, 2001--
Quantum Corporation's DLT & Storage Systems Group (NYSE:DSS) today announced
that Michael A. Brown, chairman and chief executive officer, will make corporate
presentations to the investment community at two conferences in March.
He will be joined by Richard L. Clemmer, executive VP of finance and chief financial officer.
Quantum Corporation's presentations will be held at the:
-- Morgan Stanley Dean Witter Semiconductor & Systems Conference
Ritz-Carlton, Laguna Niguel, California
Monday, March 5, 2001 at 1:00 PM, PST
Morgan Stanley Dean Witter will make available a live Web
broadcast at
quantum.com
-- Lehman Brothers Global Storage at the Edge Conference
Mark Hopkins Inter-Continental Hotel, San Francisco,California
Friday, March 9, 2001 at 11:15 AM, PST
In both presentations, Brown will review Quantum's operations and discuss
the company's position as a leader in data protection and solutions.
************************************
Please remember you are responsible for your own investment decisions,
do your own due diligence before investing,all investments are subject to risks. |
