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

To: scott harrison who wrote (5170)	11/18/1997 8:29:00 PM
From: Dale J.	Respond to of 9124

Scott: Believe it or not that is the way it works. The Street always looks forward. As we near earnings that is what will determine the stock price. Since last earnings report (qntm was at $38/shr), but new news was introduced (Asia scare, WDC meltdown etc.), now the Street wants proof that qntm can still meet earnings. Until they get that proof (next January), they may continue to discount the stock price ($27/shr is the discounted price). Last May/June qntm was in a similar situation. SEG and HTCH complained and qntm always got slammed. But as we moved towards July earnings. SEG and HTCH didn't matter anymore and it was apparent that qntm was going to be ok. There is no guarantee that will get the same results as last July, but if you own stock, time is on your side. Unless the facts change I wouldn't assume qntm will simply mimic WDC and SEG. Although that is exactly what the Street thinks. Dale