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

To: tech who wrote (4630)	11/9/1997 4:33:00 PM
From: wayne nikituk	Read Replies (2) \| Respond to of 9124

Bear Sterns' Neff reiterated QNTM as a buy Friday..pointing out most of price pressure is below 2.6 gig, for the time being. and that DLT continues to grow at a rapid clip making up a bigger part of the company's profit. "We continue to rate Qntm a buy in view of the compelling valuation when we look at the company not simply as a disk drive company bu as a diversified storage company that is comprised of a disk drive company and a high growth tape drive company..." "the stock could have a 55-70% upside from current levels with a downside of 5 to 10%..".."risk is limited by company's plan to possibly take a restructuring charge in that operation that could lead to a one time charge...in this quarter of up to $35M" Reiterated $2.70 eps for current year and $3.50 for 99...this report out on Friday started with "on our recent visit to the company, management indicated that the outlook for the quarter remains on track continued strength in DLT business and desktop drives and continued pressure in the high end disk drive business..." for what it's worth