QUANTUM Message Board - Msg: 2790375

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Technology Stocks : QUANTUM

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To: Chi-X who wrote (5502)	11/21/1997 4:39:00 PM
From: john p. carney	Read Replies (2) of 9124

<Dale, the point is that I'm simply posting news.> You posted... <QNTM to take $50m one time charge.> that's not news, it's a mistake. Here's the truth.... The company confirmed that the non-recurring charge associated with those changes would be a maximum of $35 million after tax. Quantum also announced that MKQC, its heads operation jointly owned with MKE, is streamlining operations to help improve operating efficiency and lower the break-even point. The charge associated with the changes within MKQC is an additional $5 million after tax. So don't whine about just being the messenger. John

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