Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 153.96

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Nov 19 3:59 PM EST

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To: Gus who wrote (1600)	11/20/1997 5:18:00 AM
From: Z Analyzer	Read Replies (1) of 9256

Re: H&Q downgrade of QNTM and RDRT: The "analysis" is even worse than one could imagine. H & Q's report downgrading Quantum calls it "undervalued", says downside risk from current valuations is limited, says it is a "value buy' at $24 to $27 per share (guess their quotes were broken when they issued the downgrade) and names it as one of three stocks investors should focus on despite the downgrade due to the tape business which they describe as "wildly successful" and worth a p/e of close to 20. Now get this, even at a rediculously low p/e of 20 for the 100% growth tape business and valuing disk at zero, this works out to $35 per share. AND THESE GUYS CALL THEMSELVES ANALYSTS. This report was issued to remove the remaining buys H&Q had on any disk drive company and they obviously didn't feel it would make enough of a splash if they didn't include all. RDRT was also downgraded but called a "value buy" at $16 to $18, with limited downside, and the best positioned of the component suppliers.

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