No, I too bought some more, though I didn't sell everything when you correctly did last year, just sold about half over the year. But I didn't buy a "boatload", only 700 shares for now.
But there is still risk in this. MB said that the government may rule that this sort of "spinoff" is a taxable event to shareholders, in which case they would have to reconsider it. However, the fact remains that at least they are (finally) doing something about realizing the value of their split franchises. The DD sector won't get a negative value anymore, not even WDC gets a negative value<g>, and surely QNTM's drive business is worth more than WDC's. And as you say, tape should be worth at least $25. Actually, I think more than that, perhaps quite a bit more than that, counting ATL. There is risk there too, with AIT, Mammouth and LTO gunning for it. But so far, at least, it seems that the competition is more like the gang that couldn't shoot straight. Assuming the transition to SDLT goes fairly smoothly, QNTM may well later this year be the $60 stock that I was holding out for back in Sept '97. Or more. |
