QUANTUM Message Board - Msg: 2858188

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Technology Stocks : QUANTUM

QNTM 10.60

+5.1%

Dec 9 3:59 PM EST

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To: Rob S. who wrote (5917)	12/2/1997 4:33:00 PM
From: William T. Katz	Read Replies (1) of 9124

Do we know whether the CFO has met with anyone yet? Regarding the SOP of conferences, the letter of the law prevents insider trading but I'm more concerned about investing based on "private" knowledge (not available to public). If this downward move is not sheer panic but based on private knowledge, whether through insider leaks or conferences, it should be illegal. If it's not, then I'm willing to be an activist to publicize and try to get legislature enacted. In the past, large discrepancies in direction (e.g. the WDC warning) are published as public press releases. The analysts then meet with the CFO afterwards to get revisions. If a big change in QNTM's status is made "public" at an analyst conference, then I think such a case might be a good test case for new legislature because it effectively allows trading based on insider information. I really really hope this is not the case because not only will I be down big $$ but my confidence (and trading) in the stock market will halt. I'm already cynical due to some things I've seen like ESST's fall before their earnings report, but none of that has been in the guise of organized dissemination of information. I still remember that QNTM mgmt handled WDC warning last qtr very nicely, even announcing estimates for their quarter before their official earnings release date. So I will keep my faith in the mgmt for now, but I'm expecting some word from them tonight or tommorrow ... either stock buy-back, state of DLT, something.

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