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

To: John A. Shaffer who wrote (6183)	12/6/1997 12:13:00 PM
From: jkb	Read Replies (1) \| Respond to of 9124

When did the Lehman earnings cut come out? Strange since QNTM was so strong on Friday. Their statement <<Quantum remains our favorite stock in this space>> does NOT sound like a sell recommendation. QNTM held really strong at 23-24 this week - IMO, we have seen the bottom. -Jay

To: John A. Shaffer who wrote (6183)	12/6/1997 1:51:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 9124

I agree with Lehman's assessment. Keep in mind that their advice is aimed at institutions and large investors who will often buy or sell the group rather than the individual stock. That is the factor that makes Quantum very attractive at the current price. I think Quantum will move up to capture some of the overselling due to the indiscriminant group selling but is unlikley to move up toward the 43 or other brokers even higher targets until earnings visibility is more certain.