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

To: Gottfried who wrote (6966)	1/8/1998 3:41:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 9124

Thursday January 8, 2:01 pm Eastern Time RESEARCH ALERT - Quantum downgraded NEW YORK, Jan 8 (Reuters) - Gruntal & Co said on Thursday it cut its rating on shares of Quantum Corp to hold from buy because of continued competitive pressures in disk drive industry which creates risk company will miss estimates. -- Analyst David Takata said in research note he lowered his 1998 earnings estimate to $1.60 per share from $1.93 per share and 1999 estimate to $1.89 a share from $2.94 a share. -- ''While Quantum's digital linear tape business continues to provide certain stability to the company's earnings line, we see the continued deterioration of the drive industry fundamentals as a significant risk to our estimates,'' he said.