Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Veritas (VRTS) -- Ignore unavailable to you. Want to Upgrade?

To: Lazlo Pierce who wrote (187)	5/6/1998 11:35:00 PM
From: The ChrisMeister	Read Replies (1) \| Respond to of 742

" We're having the highest volume day in a while..." Good observation, though we could just be making up for lost time -- the last couple of days have had quite low volume. Today it could be $$'s coming out of the big-cap stocks (Dow -90 pts). I'd like it better if there didn't seem to be a ready supply of VRTS shares available down here, but maybe they're getting soaked up. The split in two weeks can't hurt, but I'm not sure if we can expect a boost. I can't see last year's split on the chart all that clearly. ChrisMeister

To: Lazlo Pierce who wrote (187)	5/7/1998 6:20:00 AM
From: Shawn Donahue	Read Replies (1) \| Respond to of 742

Dave, <<It looks to me as if there is some accumulating going on today. We're having the highest volume day in a while w/ some decent blocks going thru. I wouldn't be surprised to see this one finish basing here @ ~ 54, and move up thru the split.>> If you look at the 2nd paragraph of yesterday's announcement... you will see that the founder of Veritas Software Company just bought 15% of a joint venture with the largest Quartz Manufact- urer in South Korea and The Quartz Group (QGRP) which is the only publicly trade Quartz company in the U.S., from what I am told and is currently only .50 a share compared to VRTS at $54! There is certainly alot of upside on this company (QGRP) and its new association with VRTS's founder will certainly help, in my opinion. This could explain the accumulation of VRTS and I am looking forward to its potential impact on QGRP!Please see yesterday's announcement that I have attached below: THE QUARTZ GROUP SECURES EQUITY POSITION IN JOINT VENTURE COMPANY, WON IK Quartz Group, USA SAN JOSE, Calif.--(BUSINESS WIRE)--May 6, 1998--The Quartz Group, Inc. (OTCBB:QGRP) announced today that the company has secured the necessary financing for its equity position in the newly formed joint venture, WON IK Quartz Group U.S.A., Inc., which manufacturers high precision quartz glass products for use in the semiconductor industry. With its cash contribution of $677,505, The Quartz Group has received a 34% equity position in the joint venture. The other shareholders are WON IK Quartz Corporation, the largest quartz manufacturer in South Korea with revenues of more than $30 million in 1997, with 51%; and Dale S. Shipley, President of the joint venture and founder of VERITAS SOFTWARE COMPANY (NASDAQ, NMS: VRTS), with 15%. The Quartz Group has raised a minimum of $740,000 in the form of a secured promissory note. The note is secured by the company's 34% equity position in the joint venture. As consideration for the loan, the investors received 3,237,500 shares of the company's restricted common stock. The funds were raised through European American Securities, an NASD member firm located in the United Kingdom. The company intends to use some of the proceeds to bring its SEC financial reporting requirements current. Headquartered in San Jose, California, The Quartz Group, through it's Joint Venture with WON IK Quartz Group, USA; fabricates a complete line of quartz glass products, including vertical quartzware, process tubes, small boats and cassette wafer holders, quartz tanks and quartz solid products for use in the chip manufacturing and semiconductor processing equipment markets. CONTACT: Martin E. Janis & Company, Chicago Wayne Schumacher, 312/943-1100 Regards, Shawn