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

To: Noor who wrote (7613)3/23/1998 4:51:00 PM
From: RFF  Respond to of 9124
 
Here's the press release:

biz.yahoo.com

I don't think this should take too much out of the stock.

The company makes some positive statements about DLT and their new HDD, so maybe we'll get some forward looking thinking by the analysts.

Who knows though........



To: Noor who wrote (7613)3/23/1998 4:54:00 PM
From: All Mtn Ski  Respond to of 9124
 
Full Story:

Quantum Corp said Monday it expects earnings in the fourth quarter to be break-even or "slightly better."
The company also said it expects fourth quarter revenues to
be about 20 percent lower than in the third quarter, when it
reported revenues of $1.52 billion.
It said the decline is driven mainly by original equipment
manufacturer (OEM) inventory corrections and continued
aggressive pricing for desktop hard disk drives.

Estimates were for $0.25

Tom


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