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Technology Stocks : QUANTUM
QNTM 9.860-1.3%2:05 PM EST
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To: William T. Katz who wrote (5891)12/2/1997 3:05:00 PM
From: Rob S.  Read Replies (1) of 9124
 
May be but it is "common operating proceedure" for company managment to attend this type of meeting, and you know the questions that will be on every analysts and institutional investor's tongues. This meeting was likely scheduled before the recent concerns arrose but it would be proper for managment to issue any statements they may have prior to the meeting rather than after. The obvious result of any pending announcement will be that the managment will discuss it in San Diego and word will spread from there throughout the "investment professional" community before it goes public. I hear the Sargeant Schultz sydrome again "We did nooothing (wrong)" - just following standard operating proceedure - orders.

This is all coincidence and speculation at this point. But anytime you have a chance to sit face-to-face with management across the breakfast or dinner table, I would think that a clarification of the current situtation is almost certain to come out. Skilled analysts have ways to get the information they need to piece the picture together.

I asked the office of the CFO if any announcements were due to go out and the answer was not any at leat until managment is back from the DMG conference. They are going on to San Francisco tomorrow and will be back at the corporate office on Thursday. Maybe we will see an announcement by Friday or Monday.

As far as lawsuits are concerned, please save your energy to get favorable legislation passed in your state and in Congress to require companies to make all disclosures public via equal access channels. Once laws requireing fair and timely disclosure are in place, then the investment industry shuffle will be less likely to occur. Until then, lawsuits primarily benefit the legal profession. Can't entriely blame management - they must "play the game" in satisfying the investment community and until that game has changed I think the small investor is at a definit disadvantage.
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