Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rob S. who wrote (5917)	12/2/1997 4:33:00 PM
From: William T. Katz	Read Replies (1) \| Respond to of 9124

Do we know whether the CFO has met with anyone yet? Regarding the SOP of conferences, the letter of the law prevents insider trading but I'm more concerned about investing based on "private" knowledge (not available to public). If this downward move is not sheer panic but based on private knowledge, whether through insider leaks or conferences, it should be illegal. If it's not, then I'm willing to be an activist to publicize and try to get legislature enacted. In the past, large discrepancies in direction (e.g. the WDC warning) are published as public press releases. The analysts then meet with the CFO afterwards to get revisions. If a big change in QNTM's status is made "public" at an analyst conference, then I think such a case might be a good test case for new legislature because it effectively allows trading based on insider information. I really really hope this is not the case because not only will I be down big $$ but my confidence (and trading) in the stock market will halt. I'm already cynical due to some things I've seen like ESST's fall before their earnings report, but none of that has been in the guise of organized dissemination of information. I still remember that QNTM mgmt handled WDC warning last qtr very nicely, even announcing estimates for their quarter before their official earnings release date. So I will keep my faith in the mgmt for now, but I'm expecting some word from them tonight or tommorrow ... either stock buy-back, state of DLT, something.

To: Rob S. who wrote (5917)	12/2/1997 5:11:00 PM
From: Chuck Bleakney	Read Replies (1) \| Respond to of 9124

>> What difference does it make to the discussion whether the CEO was there or not? Do you have any input on what he has said there about the company's situation? << It was a company confidential meeting... so obviously I can't go into specifics. But I can say that the stock price or anything directly related to wall street never entered the discussion stream. Mike is here today meeting with various groups in this facility. He does this on a pretty regular basis... I would not try to read anything in his travel. As for the price erosion, believe me I FEEL your pain. Quite distinctly, but I do not think that it is due to anything but general market nervousness (bear market). Any bad news seems to get amplified while good news gets damped. What can you do but grin and bear it. (pun intended). Again... these are my personal views. Caveat Emptor. Chuck