We like Quantum. The company's got 350 a share in cash and no debt, and it's generating a lot of cash flow. Storage has gone through a long period of decline, but we're seeing tremendous new demand coming in for storage every day. We think that pricing is going to improve, and these are companies with huge revenue bases where a nominal tick-up in the margin structure leads to tremendous profitability. We've got them earning over 4 (a share) over the next two years the stock is at 12 right now.
We bought some shares recently in a dot.com company that was absolutely annihilated after this recent rout, About.com ( BOUT Research , Estimates ), which is the ninth-largest Web property of all Web properties. The stock dropped from 100 in late March, to a low of 21. This is a company with a real business model that had blowout first-quarter earnings. And they are actually going to turn a profit in 2001. Investors went from 'everything Internet is good', to the 'everything Internet is bad' mantra. So now you've got to do your homework and look at individual names and identify the business models that are valid. And I think this is one that can go back to its old high.