QUANTUM Message Board - Msg: 2765121

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Technology Stocks : QUANTUM

QNTM 8.720

-7.0%

Dec 24 12:58 PM EST

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To: Praveen K. Mandal who wrote (5211)	11/19/1997 10:15:00 AM
From: Dale J.	Read Replies (1) of 9124

NEW YORK, Nov 19 (Reuters) - Hambrecht & Quist said on Wednesday it cut its rating on shares of three disk drive makers - Quantum Corp QNTM , Read-Rite Corp RDRT and HMT Technology Corp HMTT - to hold from buy. -- Analyst Todd Bakar said the downgrades were based on continued concern about the outlook for disk drive companies over the next six to nine months. -- Quantum stock fell 7/16 to 27-3/16, HMT fell 7/8 to 14 and Read-Rite lost 11/16 to 19-5/16. ((New York Newsdesk 212-859-1610)) REUTERS

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