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

To: Anthony Wong who wrote (8322)	1/14/1999 10:41:00 AM
From: Steve Rolfe	Read Replies (1) \| Respond to of 9124

From Briefing.com: Stock to get a bounce off of Seagate's (SEG) strong earnings report, as SEG's earnings confirm that industry conditions have indeed turned the corner. QNTM's stock poised for upside breakout, as stock within one point of 52-wk high... Penetration of 26 11/16 would leave stock positioned for near-term test of 33 and longer-term test of the 40 area. Company slated to report earnings on 1/20/99... Street has slashed estimates over past 90 days making it easier for QNTM to exceed estimates... If company can match earnings performance of Hutchinson (HTCH) and Seagate (SEG) rally will receive additional fuel... Better-than-expected report will trigger wave of earnings/ratings upgrades. Of the 16 analysts covering the stock only 3 rate QNTM a strong buy while 6 give the stock a neutral or market perform rating... The remaining analysts give QNTM a moderate buy rating... As noted above, plenty of room for upgrades. Stock trades at 35x estimated FY99 earnings of $0.73 (which are likely to be revised higher next week) and 14.5x projected FY00 results... Long-term growth rate estimated at 19%. Strength in PC sector and increased data demands from ever-widening pipeline to fuelling solid demand. Company also poised to benefit from improved operating efficiencies and favorable earnings comparisons going forward. QNTM included in fourth edition of the "Briefing 10." See Yesterday's Stock Brief for details.