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To: Glenn D. Rudolph who wrote (7745)	11/19/1997 12:43:00 PM
From: Vanni Resta	Read Replies (1) \| Respond to of 11057

Exactly. I had this one yesterday. EOM.

To: Glenn D. Rudolph who wrote (7745)	11/19/1997 12:58:00 PM
From: fiberman	Read Replies (3) \| Respond to of 11057

Why doesn't QNTM come out with the bad news like everyone else in this crazy DD business, and get all the brown stuff out in the open and stablize things a little. We do not need any more bad news in this egment. QNTM is B.S.ing with their last announcement that everything is O.K. We will have some type of bad earning announcement from them soon as well. Wednesday November 19, 12:24 pm Eastern Time RESEARCH ALERT - Seagate, Quantum estimates cut NEW YORK, Nov 19 (Reuters) - Gruntal & Co said Wednesday it lowered its earnings estimates on shares of both Seagate Technology Inc (NYSE:SEG - news) and Quantum Corp (Nasdaq:QNTM - news) after Seagate said second quarter results would be weaker than expected. -- Gruntal analyst David Takata cut Seagate's second quarter earnings on operations estimate to $0.11 per share from $0.25 per share and his 1998 estimate to $0.85 per share from $1.37 per share. -- Seagate cited continued weak demand and greater-than- expected pricing pressures as reason for forecast shortfall, Gruntal said. -- Takata sees supply-demand imbalance in disk drive industry, high channel inventory and little visibility going forward. -- While Quantum the only major disk drive maker, which has not issued a profit warning this quarter, Takata said he was lowering 1998 earnings estimate on stock to $2.51 per share from $2.70 per share. -- Seagate stock lost 1-2/16 to 23-3/16 and Quantum fell 1/2 to 27-1/8.