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Technology Stocks : QUANTUM
QNTM 6.960-4.1%12:21 PM EST
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To: Lutz Moeller who wrote (8526)3/1/1999 10:32:00 AM
From: Sam  Read Replies (2) of 9124
 
Lutz,
I didn't mean that we would double out of the chute. I did, though, mean that we would double soon. There is still risk in this spinoff, as the government may rule it is a taxable event, in which case MB said that they would have to reconsider it. But the combined stocks will be worth more than $35 well before the end of the year if the spinoff goes through.

To John:
The reason it is bullish is because the whole company is valued currently as a drive company. When it is split, the drive part of the stock may well be worth less than the 18-19 dollars it is currently trading for. But the tape part is certainly worth substantially more than that, the main risk right now being their impending transition to SDLT and the emergence of new competition in the field.
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