QUANTUM Message Board - Msg: 2766300

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : QUANTUM

QNTM 8.720

-7.0%

Dec 24 12:58 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Webb B Blackman Jr who wrote (5218)	11/19/1997 12:00:00 PM
From: Rob S.	Read Replies (1) of 9124

The H & Q downgrade may be pretty much after the fact of major price adjustment, but it reflects the fear and uncertainty in the market for HD companies. H & Q probably advised their clients to sell or go short last week and is just getting around to issuing the downgrade. On the bright side: The effect of Seagates' new warning about earnings this quarter and the H & Q downgrade have been pretty mute. If that holds up after the news has had a chance to diseminate for 2-3 days, that will be a signal of a bottom. The posibility for Quantum to come out with a downward revision for earnings still overhangs the stock. With the H & Q downgrade, maybe it is about time for management to issue a statement about the impact of competitive pricing and potential downturn in Asian business.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next