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

To: Harley Morgan who wrote (6354)	12/10/1997 3:11:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 9124

That's actually doing remarkably well considering the mood of the market. Quantum is down something like 5% while many other tech stocks are down further. It is small sollace because the stock is still down, but trying to look at the silver lining, I see the longer-term prospects for thse companies improving. For one thing, we have seen responsible cut-backs in capacity from both Seagate and WDC and word of encouragement that IBM won't become a price leader. We have the posibility of trade sanctions against Fujitsu and Samsung (it's not certain WDC will file a case) and Fujitsu, probably as a defensive measure, has stated that they are on allocation or are not even taking new orders on their HDD products. Then the broader, mid-long term scenario is that the Asian price whores will have their horns removed due to tightening credit markets and the requirement for them to start paying back mountains of debt. Despite all of the knashing of teeth right now, the mid-long term prospects for Quantum, probably the best positioned of all HDD/tape dive companies is brilliant. That's not to say that the stock can't get knoked down futher. "The trend is your firend" but it can also be your enemy if you are on the wrong side of the momentum. Short-term I expect that we will see more downside in tech stocks than upside. Some of this will be due yead-end to tax selling and portfolio window dressing. This is creating great buy opportunites that won't go unrecognized in early '98.