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

To: Frodo Baxter who wrote (8857)	5/14/1999 8:46:00 AM
From: Z Analyzer	Respond to of 9124

<< There's about 20% upside left, which isn't bad for a few months work.>> Not bad. It was described as a definitive deal but they did mention several contingencies-Meridian shareholder approval, antitrust approval and closing conditions. No apparant problems here. Judging by the enthusiasm of QNTM and the small size of the deal, this deal seems highly likely. I imagine the arbs aren't all over it due to a concern that QNTM could drop below a breakeven point of $16.35, something we would regard as quite unlikely esp with the tracking stock coming. Alot of QNTM cheerleading going on here. Starting to look like the old story of confusing brains with a bull market. This market has easily recovered enough from the tech sell-off of March to get nasty again this summer. When QNTM was 18, I figured $26 would be a nice target for when tracking stock went into effect, giving a return of nearly 50%. Its now realized half that gain, adding a little risk to its price level. -Z