Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : QUANTUM -- Ignore unavailable to you. Want to Upgrade?

To: MYRON Z. who wrote (9088)	7/26/1999 9:29:00 AM
From: Sam	Read Replies (1) \| Respond to of 9124

Myron, I thought we could continue this thread to discuss the QHDD, and use the other one to talk about the tape division. My supposition is that they will increasingly grow apart both in our minds, in the price of the stocks, and in the reality of the business world.

To: MYRON Z. who wrote (9088)	7/26/1999 10:20:00 AM
From: Sam	Read Replies (1) \| Respond to of 9124

Quantum to trade on NYSE, remain on Nasdaq a week MILPITAS, Calif., July 26 (Reuters) - Quantum Corp. (Nasdaq:QNTM - news), the world's No. 2 maker of computer disk drives, on Monday said the company's stock is moving to the New York Stock Exhange from the Nasdaq Stock Market, one of the rare Silicon Valley technology companies to make the switch. Quantum said it will begin trading Monday its two recently approved tracking stocks on the NYSE under the ticker symbols ''HDD'' and ''DSS.'' For the remainder of this week, Quantum will also trade under its existing ''QNTM'' ticker symbol on Nasdaq. The move to the New York Stock Exchange follows Friday's vote by Quantum shareholders to replace the company's existing common stock with two classes of tracking stock that follow the performance of Quantum's two major businesses -- the Hard Disk Drive (HDD) group and the DLT and Storage Systems (DSS) group. Quantum will replace the existing Nasdaq shares with the two new tracking stocks and retire the previous stock after this week. In leaving the technology-stock dominated Nasdaq, Quantum will join Seagate Technologies Inc. (NYSE:SEG - news), the No. 1 hard disk maker, EMC Corp. (NYSE:EMC - news), a top storage systems maker and other rivals, which trade on the New York exchange. Quantum said its issuance of tracking stock is closely tied to the company's business strategy of accelerating growth as a provider of storage systems used to record and back up vast amounts of corporate data and to strengthen its position in the high-volume, commodity-like hard disk drive (HDD) market. ''For Quantum, tracking stock will allow investors to value our Hard Disk Drive and DLT and Storage Systems businesses separately,'' said Michael Brown, Quantum chairman and CEO. ''Given that these two businesses have very different financial models and compete in different market environments, they represent two distinct investment opportunities for shareholders.''