Western Digital (WDC) Message Board

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Technology Stocks : Western Digital (WDC)

WDC 282.58

+8.6%

Feb 6 9:30 AM EST

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To: Kevin Yang who wrote (7107)	11/1/1997 10:39:00 PM
From: Dr. Bob	Read Replies (1) of 11057

Kevin, This is a similar discussion to one we had on this thread about 6 months back. Since that time, the anticipation of "no price wars" has been shattered by Seagate's dumping, and the missed estimates by nearly all the major players has reinforced most peoples' low level of confidence in projected earnings for '98 - thus, the low P/E. As long as overcapacity exists, the threat of a price war will, too, and the PEG will remain substantially <1.0. As a portion of a diversified portfolio, WDC (and some others in this sector, esp. IOM) look good to me. But to "load up the truck" would be putting way too many eggs in a holey basket! Bob

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