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


To: Praveen K. Mandal who wrote (5211)11/19/1997 10:11:00 AM
From: Dale J.  Read Replies (1) | Respond to of 9124
 
I don't know. It was from the SEG thread. My guess is that it is out concerns of the dd industry in general and not qntm specifically.



To: Praveen K. Mandal who wrote (5211)11/19/1997 10:15:00 AM
From: Dale J.  Read Replies (1) | Respond to of 9124
 
NEW YORK, Nov 19 (Reuters) - Hambrecht & Quist said on Wednesday it cut its rating on shares of three disk drive makers - Quantum Corp QNTM , Read-Rite Corp RDRT and HMT Technology Corp HMTT - to hold from buy.

-- Analyst Todd Bakar said the downgrades were based on continued concern about the outlook for disk drive companies over the next six to nine months.

-- Quantum stock fell 7/16 to 27-3/16, HMT fell 7/8 to 14 and Read-Rite lost 11/16 to 19-5/16.

((New York Newsdesk 212-859-1610)) REUTERS