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To: Kent Sarikaya who wrote (379)	6/5/1998 1:28:00 AM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 718

Kent, A bit of information on the DD markets.... ------------------------------------------------------------------------ Friday June 5, 1:00 am Eastern Time Quantum looks for modest profit growth SINGAPORE, June 5 (Reuters) - U.S. disk drive maker Quantum Corp said on Friday it was aiming for a modest level of profit growth for its fiscal year ending March 1999. Michael Brown, chairman and chief executive officer, told Reuters in an interview that the company did not expect to see any significant improvement in disk drive prices in the second quarter of 1998. ''We would look for some revenue growth for the year, based on underlying market trends,'' Brown said. ''It is quite possible that our tape drive business would continue to increase at the percentage of total reveunue and we are looking for some modest level of profit growth year on year,'' he added said. Brown declined to say what he meant by modest, but he indicated it would be less than a 25 to 50 percent kind of growth rate. For the year ended March 31, 1998, Quantum reported a 15 percent growth in net income to US$170.8 million on a nine percent rise in sales to $5.8 billion. Brown said disk drive prices had fallen some 10 to 15 percent in the first quarter of 1998 compared to the previous quarter and that prices were not expected to improve significantly in the second quarter. He said Quantum was looking for excess inventories in the industry to be worked off from the September quarter.