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Technology Stocks : Western Digital (WDC)

WDC 168.90

+4.9%

Dec 5 9:30 AM EST

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To: Berney who wrote (7651)	11/17/1997 4:45:00 AM
From: Pierre-X	of 11057

Re: WDC Management You said: I was impressed that WDC mgmt came forward 5 weeks into the quarter, as it was not required. Allow me to play the devil's advocate for a moment and present this alternate interpretation of their Nov 7 preannouncement. In the Q1 conference call there was no indication of Fujitsu's invasion, they were comfortable with the mean estimate for Q2, no mention of yield problems. 3 weeks later: MASSIVE downward revision in earnings guidance, suddenly they're under attack from Fujitsu, suddenly they're having big yield problems in the 1.7G/p program, they're going to phase it out ASAP. These things all changed in 3 weeks? They had -NO- idea about these things in the earlier conference call? I find that hard to believe. But, it's possible that the sh*t hit the fan all at once. It's a judgement call whether or not management held back in the Q1 CC. Innocent until proven guilty. Pierre

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