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

To: t36 who wrote (5800)	11/29/1997 12:54:00 AM
From: Rational	Read Replies (1) \| Respond to of 9124

t36: There was an irrational panic on Wednesday when AMAT lost about 8% with large volume (13 mil shares) due to Samsung's announcement. Today AMAT was up about 2.5% with moderate volume (4+ mil shares). I think the market has over-reacted to the Asian flu. QNTM should not have gotten depressed by the Asian flu. The DD sector has been facing a competitive pricing pressure. QNTM was, however, recovering rationally until the MUEI announcement. Since MUEI's announcement, the market has been knocking down all stocks that are not leaders in their groups. This is because MUEI announced record revenue and sales, and meager earnings -- this is the cost of competition. DELL, IBM, Boeing and to some extent CPQ have had decent run up lately. This show that big money will continue to flow to leaders in each sector. Some (especially the new buyers) in the Wall Street may still be confused about the leader in the DD sector since SEG is the #1 DD maker. Such confusion shouldn't exist because, in the DD sector, QNTM is the most efficient (see my post last night on QNTM's highest sales and profits per employee) and unique due to its DLT business that has kept the company immuned from competitive pricing pressure. I believe as soon as QNTM's position is unambiguously recognized by all in the Wall Street, followed by a vindication by QNTM meeting its earnings estimates, the price will double within a few weeks thereafter. In fact such recognition may have already begun, inferring from a large block buy towards the end of today. Tax-selling seems to be over and January effect is becoming early these years. I am very upbeat about QNTM. Sankar