Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 139.09

-0.8%

Nov 21 9:30 AM EST

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To: Z Analyzer who wrote (5751)	3/1/1999 3:04:00 PM
From: Sam	Read Replies (1) of 9256

Z, I recall it well. It only took 21 months or so for MB and co. to recognize it (plus the time we spent discussing the letter before you actually drafted it, presuming that someone at QNTM was checking out the thread back then). And if I recall correctly, the stock price back in June 97 when the letter was written was approximately what it is today, around 19 or 20. To quote from your letter (in case the following gets lost): "The market has reflected only a small portion of the most conservative valuation of DLT despite having had more than ample time to do so. It is likely to be blinded to DLT's value for the foreseeable future as DLT revenues continue to be overshadowed by disk drive revenues. Quantum's experience supports Wall Street wisdom that combined businesses will trade at the multiple accorded the least desirable of the businesses. There is no reason to believe that DLT undervaluation will not persist until the company takes positive action to address the situation." You and LK. Geez, you're good! Best regards, Sam

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