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

To: William T. Katz who wrote (5911)	12/2/1997 4:06:00 PM
From: john p. carney	Read Replies (1) \| Respond to of 9124

William, I've seen a similar scenario with APM before they released those horrible earnings.....large put volume coupled with a declining stock price and no news. There had to be a leak. Believe me I hope this isn't the case with QNTM. John

To: William T. Katz who wrote (5911)	12/2/1997 4:19:00 PM
From: Steve Rolfe	Read Replies (1) \| Respond to of 9124

Summary of news over the past year... 11/24/97 Quantum announced it will take restructuring charges of $40 million in its fiscal third quarter, as the company consolidates its hard disk-drive business into one unit and shifts production to newer products. 10/22/97 Bear Stearns upgrades from attractive to buy. 10/21/97 Quantum's 2nd qtr results: Revs (mils) from $1,124.14 to $1,553.49 up 38.2%. Net Income (mils) from $4.57 to $103.78 up 2,169.4%. EPS from $0.04 to $0.71 up 1,675%. 10/17/97 Quantum said strong sales from its DLT brand tape drive and desktop hard disk drive businesses will help push its earnings towards the high end of analyst estimates of $0.56 to $0.63 per share. 09/30/97 Bear Stearns lowered its recommendation from buy to attractive. 07/22/97 Bear Stearns reaffirms buy, raises 1998 and 1999 estimates. Gruntal reaffirms hold. 07/21/97 Quantum's 1st qtr results: Revs (mils) from $1,153.5 to $1,446.14 up 25.4%. Net Income (mils) from $3.84 to $96.51 up 2,411.4%. EPS from $0.03 to $0.69 up 2,200%. 06/10/97 Quantum's 2-for-1 stock split takes place today. NOTE: The record date was May 27, 1997. 05/21/97 Quantum declined 3 13/16 to 37 9/16 on news that analysts believe there is a surplus of disk drives relative to demand and inventories in the sector have moved from very low levels to well above normal levels. Disk drive makers Read-Rite, Seagate Technology and Western Digital were also lower on the news. 05/16/97 Quantum advanced 3 _ to 47 « on news that Lehman Brothers and SoundView Financial initiated coverage on the stock with buy recommendations. 05/05/97 Disk drive manufacturer Quantum said it has reached an agreement to sell 51% of its recording-head business to Matsushita-Kotobuki for $200 million. 05/02/97 Quantum announced fourth quarter earnings of $1.28 per share which easily beat the analysts' consensus estimate. 05/02/97 Quantum Corp. reported better-than-expected fourth-quarter earnings of $87.7 million, or $1.12 per share, and announced a joint venture with Matsushita Electric Industrial Co. of Japan to make recording heads for disk drives. 05/02/97 Bear Stearns reaffirms buy, raises estimates. 05/01/97 Quantum's 4th qtr results: Revs (mils) from $1,232.49 to $1,563.86 up 26.9%. Net Income (mils) from $-122.94 to $87.66 up 171.3%. EPS from $-2.28 to $1.28 up 156.1%. 01/30/97 Quantum advanced 3 1/4 to 36 3/8 on news that the company's third quarter earnings were above analysts' forecasts. 01/29/97 Bear Sterns upgrades from attractive to buy. Gruntal upgrades from neutral to outperform. PaineWebber reffirms attractive. Hambrecht & Quist reaffirms buy.