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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?


To: Pierre-X who wrote (2904)3/24/1998 10:11:00 AM
From: Dale Stempson  Read Replies (3) | Respond to of 9256
 
Re: >>>Is it just me, or do you see QNTM gaining in early trading?<<<

QNTM earnings warning... SEG outlook negative...

Yet QNTM is unchanged and the DD index is up almost 2%...

Perhaps the sector so beaten down that it doesn't react to bad news anymore. Maybe we've seen the bottom.

BTW, the CEO for Quantum was on CNBC this morning and indicated we're about half way through this cycle downturn which usually lasts about nine months. I can't wait until that future day when one of the big three announces something positive. Perhaps it's only six weeks away, but I'd be happy if the good news comes within the next six months.

Long HMTT.

Regards - Dale