QUANTUM Message Board - Msg: 2933415

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Technology Stocks : QUANTUM

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To: jkb who wrote (6446)	12/10/1997 10:43:00 PM
From: Trader Ric	Read Replies (1) of 9124

The most positive part of the cc IMO was about the DLT 7000 and its margins Evidently the Dlt "model" was raised to a 40% gross margin from 35% last Q. Upon questioning it was commented that in fact the margins were exceeding 40% on the DLT 7000! The DLT overall profit was flat because sale in the 2000 and 4000 were off. Evidently this was because customers were buying the older models as a hedge in case the 7000 wasnt available. It was commented that there were no production issues and that DLT 7000 was able to fill all orders at this time. Also they expected no competition for the 7000 for at least 12 monthes. Asia was only discussed in response to one question and I had the impression it was not a very big factor. Overall, I would expect some lowering of fiscal 1999 est, but heard nothing to suggest a major revision. We get a stock in the middle of a down quarter but the same (or better on the DLT) in the future outlook. Discouraged on my Dec25 calls but believe Ill do ok on my Feb 25's Ill buy more if the price of the options drop much. At least the uncertainty is over and we willseethe bottom this week.

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