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Technology Stocks : Full Disclosure Trading

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To: Return to Sender who wrote (1435)	7/25/2002 9:12:34 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 13403

>> OT: Good report from WDC. At least good earnings. Oh, it was a very good report, considering their much larger competitors did so terribly. While WDC made a $60 m oper profit in the year, IBM lost $600m+ on disk drive op, Maxtor lost at least $200m, and Fugitsu lost enough to abandon the desktop business. So did IBM. For this company to sell at 0.25 x sales is absurd. With a gross margin of 13.7% and rising. And trailing P/E of 10. In a very bad year for tech and PC components. WDC is by far my largest holding. So I'm hoping others will see it my way, tomorrow. But in this crappy market, I just don't know. After today, I don't think I can even afford the generic Alpo anymore. Good luck, all. Sarmad

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