QUANTUM Message Board - Msg: 2861537

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Technology Stocks : QUANTUM

QNTM 8.460

-12.4%

Dec 1 3:59 PM EST

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To: William T. Katz who wrote (5950)	12/2/1997 10:48:00 PM
From: Rational	Read Replies (1) of 9124

William: 2) Big players got told something. This is unlikely for a Fortune 500 company. I do not believe that this happened. 1) Irrational panic which fuels more panic, stop orders, and margin calls. This is very likely the case. The market still sees that SEG and WDC are trading at their year's lows, while QNTM is trading at double of the year's low. At the heat of the moment (when WDC issued a warning), those who had bought QNTM at the beginning of the year chose to take their profits and run!! I do not think they are willing to make any rational arguments on earnings, P/E for the DLT business, etc. [Perhaps you and I will also do the same thing, irrationally.] If you look at the tape-drive sector, QNTM is still the leader in quality and sales volume. The rest of the sector enjoys a multiple of ~20, while QNTM is branded as a DD player with a multiple of ~10. I assume that we have had a complete turnover of shares, and expect the price to rise hereafter. Sankar

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