Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 187.70

+9.0%

Jan 2 9:30 AM EST

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To: William T. Katz who wrote (1505)	11/11/1997 1:40:00 AM
From: LK2	of 9256

>>do we have irrational unexuberence at this time?<<When WDC cut its Dec Q EPS estimate from around 88 cents to 20-30 cents, we had what is called a reduction in projected earnings growth. Actually, projected earnings growth changed from positive (an increase in earnings) to negative (a decrease in earnings). That might explain, in part, why the stock price dropped. Larry

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