QUANTUM Message Board - Msg: 7258481

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Technology Stocks : QUANTUM

QNTM 11.51

+47.0%

Nov 26 3:59 PM EST

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To: Maverick who wrote (8310)	1/13/1999 9:47:00 AM
From: Lutz Moeller	Read Replies (1) of 9124

briefing.com Updated: 13-Jan-99 Please note: Briefing.com is provided as an information service only. Charter Media, Inc. and Briefing.com do not make specific trading recommendations or provide individualized investment advice. Readers should make investment decisions based on thorough research and their own investment criteria. See Disclaimer. Quantum (QNTM...25 13/16) Brief: Quantum is a diversified mass storage company with leadership positions in fixed and removable storage markets... Company sells its products to OEM and distribution customers worldwide. Trading Points Stock to get a bounce off of Seagate's (SEG) strong earnings report, as SEG's earnings confirm that industry conditions have indeed turned the corner. QNTM's stock poised for upside breakout, as stock within one point of 52-wk high... Penetration of 26 11/16 would leave stock positioned for near-term test of 33 and longer-term test of the 40 area. Company slated to report earnings on 1/20/99... Street has slashed estimates over past 90 days making it easier for QNTM to exceed estimates... If company can match earnings performance of Hutchinson (HTCH) and Seagate (SEG) rally will receive additional fuel... Better-than-expected report will trigger wave of earnings/ratings upgrades. Of the 16 analysts covering the stock only 3 rate QNTM a strong buy while 6 give the stock a neutral or market perform rating... The remaining analysts give QNTM a moderate buy rating... As noted above, plenty of room for upgrades. Stock trades at 35x estimated FY99 earnings of $0.73 (which are likely to be revised higher next week) and 14.5x projected FY00 results... Long-term growth rate estimated at 19%. Strength in PC sector and increased data demands from ever-widening pipeline to fuelling solid demand. Company also poised to benefit from improved operating efficiencies and favorable earnings comparisons going forward. QNTM included in fourth edition of the "Briefing 10." See Yesterday's Stock Brief for details. [ Index \| Disclaimer \| Feedback \| Top of Page ]

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