QUANTUM Message Board - Msg: 2760153

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Technology Stocks : QUANTUM

QNTM 8.300

-4.5%

Dec 26 9:30 AM EST

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To: David Walton who wrote (5091)	11/18/1997 6:43:00 PM
From: Rob S.	Read Replies (1) of 9124

One of the often quoted statistics onthis thread is that Quantum's DLT "is going grow at 100% this year". During the conference call management made it clear that they did not think it was reasonable for analysts to forecast more than 60% growth for the DLT business. Hey, I'm not complaining mind you, 50%-60% growth is a great number as the DLT business has grown to a larger percentage of overal sales and a very nice percentage of profits. But let's get our facts straight and try to be objective as we can about what's shaping the company's performance. By historical measures, Quantum looks reasonably, but not cheaply valued at around 30-35 based on current earnings, (and until fears about price errosion and Asian problems subside that's about all you can expect the market to focus on). At 40-45, where it seems many people are convinced Quantum should be at right now, Quantum is at higher than historical valuations. If you believe in the company's products, markets, management, etc. then you should just take this as a great buying opportunity. QNTM could pop up to the low 30's or it could move down to the mid-high 20's - that range is well within historical norms.

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