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Technology Stocks : QUANTUM
QNTM 8.120-5.4%Dec 17 3:59 PM EST
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To: Sam who wrote (7046)1/15/1998 6:31:00 PM
From: William, III  Read Replies (3) of 9124
 
I listened to the conference call and the major theme seemed to be that although things are lousy and will stay so for the next 1-3 quarters, the industry is taking the necessary steps to fix the (over supply) situation. They said next qtr will be about the same as this one as far as earnings go. Also heard - and correct me if I'm wrong since I didn't remember everything I heard - that they expect DLT to grow at about 40% until some sort of new competition comes out which shouldn't happen for a couple years. They basically said DLT was responsible for all earnings this qtr and that desktop drive shipment hit record numbers, but still lost money.

Anyone else that listened out there? My take is that if you hold on until next year you'll be ok, but don't expect too much this year unless QNTM was being overly conservative in their assesment today.
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