QUANTUM Message Board - Msg: 2871157

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Technology Stocks : QUANTUM

QNTM 9.880

+16.8%

3:59 PM EST

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To: jkb who wrote (6057)	12/3/1997 8:50:00 PM
From: Rob S.	Read Replies (1) of 9124

I am discounting earnings in my expectations by a bit from the current street estimates - not because of what I heard from Quantum but because there is some impact that may not be offset elsewhere. I think the "whisper number" in the back of analysts minds and many investors is for a range of earnings with the worst case being significantly lower that the concensus street estimates. So even if QNTM comes in at the bottom range of the current published forecasts, it should move up a lot from here. My guess is that earnings will be off around 3c-5c from the current published concensus. Maybe sales will be robust enough and cost effiencies sharp enough to offset the number entirely and we could end up actually a tad higher than current estimates. Either way, the line of least resistance for the stock price over the next several weeks will be up. I think the psychological catharsis in the tech stocks that I was looking for has happened and once the dust settles, we are on the way.

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