Quantum collapse and the birth of a new universe

Gravitational collapse and the birth of a new universe are considered in terms of quantum mechanics. Transitions from annihilation of matter to deflation in the collapse and from inflation to creation of matter in the birth of a universe are considered. The creation of a new universe takes place in another space-time since beyond the event horizon the time coordinate is inextensible for an external observer. A reasonable probability of this creation is obtainable only for miniholes. The major part of the mass of such collapsing compact objects as stars, quasars and active nuclei of galaxies remains confined in the potential well near the vacuum state.