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

To: William T. Katz who wrote (6214)	12/7/1997 2:57:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 9124

I read yesterday that Wall Street brokerages and investment bankers are expected to dole out record bonuses this year to top analysts. Their salaries typically run over $1 mil per year and the bonuses for several of them will run $2-$4 million this Christmas/New Year. That's pretty nice. I know that analysts do often develop cozy relationships and gain knowledge of secretive information and early announcements. They don't pay analysts those "big bucks" for their ability to read a company's 10Qs and other releases and compile them into a spreadsheet. You can hire many 3rd year business/accounting colledge students who can plug numbers into boiler-plate spreadsheets. The big bucks are paid partly because analysts are able to gather behind the scenes information.

To: William T. Katz who wrote (6214)	12/7/1997 3:48:00 PM
From: Dave O.	Read Replies (1) \| Respond to of 9124

< Dave, you are just plain dead wrong. Individuals do not have equal access to info, and anyone that tells you otherwise is selling something > I don't think I am "plain dead wrong", but I respect your opinion and perspective. No one "tells me otherwise", I do my own homework. For example, I've spoken to QNTM a number of times when I owned the stock. If WDC or SEG came out with any kind of warning I was immediately on the phone to QNTM. If I can't get answers from IR or whomever then I ask to speak to someone else, such as the CFO. And I feel the company owes me answers as I am an owner, as you point out. I agree with you in that I, and most individual investors, never know when an analyst is planning to contact the company and what the focus of his questions might be. Next, I imagine even if companies published the info you describe on their web site there would still be a time lag. Analysts would have the info after their meeting or CC and QNTM would have to draft a document and then post it. It couldn't be done simultaneously as QNTM management wouldn't know what analysts would be asking until the meeting or call took place. Earlier post was not to get you agitated, but life isn't always fair. Dave