We study quantum effects in a system of S = 1/2 spins with two-, three
and four-spin exchange interactions on the triangular lattice, a poss
ible model of the nuclear magnetism of solid He-3 layers. The ground s
tate phases found in our previous wort are studied by using the linear
spin-wave theory. The ''uuud'' state shows a very flat spin-wave disp
ersion, which suggests that this state, though focally stable, will no
t survive non-linear quantum effects. The ''tetrahedral'' state, which
has long-range order of a scalar chirality, is found to be stable aga
inst spin wave fluctuations. The ground state energies of different ph
ases are compared. Results of numerical analysis of finite size cluste
rs are also presented.