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

To: Dale J. who wrote (5191)	11/18/1997 11:26:00 PM
From: jkb	Respond to of 9124

Also remember qntm already took a couple of hits yesterday and today. What more do they want from us. Dale - I agree. This stock has certainly paid the price of being in a faltering DD industry. I would be very happy to see the market act rationally in the morning. But remember that this is Wall Street - panic will likely preceed sanity. DLT is great - I too wish QNTM IR would give a positive statement disassociating themselves from the likes of WDC/SEG. Not just to save the day for tomorrow - but so that the big boys get a better understanding and not necessarily associate QNTM with the perils of the industry. -Jay

To: Dale J. who wrote (5191)	11/18/1997 11:29:00 PM
From: Rational	Read Replies (1) \| Respond to of 9124

Dale: What more do they want from us. More fear so that you dump yours!! But, you are determined to not do. I have bought on cash account and so I do not care for a long time. I have shorted some interesting stocks and so may have a feast. I may cover the shorts and buy QNTM. Do you think $25 is a possibility? Sankar

To: Dale J. who wrote (5191)	11/18/1997 11:40:00 PM
From: ADITYA	Read Replies (1) \| Respond to of 9124

11/18 19:09 Seagate sees marginally profitable'' Q2 SCOTTS VALLEY, Calif., (Reuters) - Disk drive maker Seagate Technology Inc. said Tuesday that its second quarter results will be weaker than expected. The company said in a statement that it will be marginally profitable before charges during its second quarter ending Jan. 2, 1998. Scotts Valley, Calif.-based Seagate reported net income of $212.6 million, or 84 cents a share, on revenues of $2.4 billion in the comparable year-ago quarter. Analysts had expected earnings of 24 cents a share for the second quarter, according to First Call. Seagate said it will take a second quarter restructuring charge of more than $100 million. In October, it estimated it would take a second quarter charge of $50 million to $100 million. Seagate, the world's largest disk-drive maker, attributed the weaker-than-expected results to continued weakness in demand for its high performance products and greater than anticipated pricing pressure. The company has been under intense competition from International Business Machines Corp., Quantum Corp., Western Digital Corp. and Fujitsu, which are all attempting to erode its market share in high-end disk drives. Competition and price pressure has also heated up in the market for desktop computer disk drives. The weak second quarter comes on the back of an unexpected first quarter loss. In October Seagate reported a first quarter a net loss of $240 million, or 98 cents a share, compared to a profit of $129 million, or 53 cents a share, in the year-ago first quarter. Revenues in the first quarter fell to $1.9 billion from $2.06 billion a year prior. The first quarter results included acquisition-related charges of $216 million as well as $63 million in charges for losses due to the drop in value of Asian currencies. Without charges its first quarter earnings would have been eight cents a share, far less than Wall Street expectations of 37 cents a share. Shares of Seagate closed $1.1875 lower at $24.3125 on the New York Stock Exchange. ^REUTERS@ Reut19:09 11-18-97