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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 160.11+5.2%3:59 PM EST

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To: Sam who wrote (9183)12/11/2002 4:10:39 AM
From: Tom Simpson   of 9256
 
<What you're missing is the perception that,....> and more.
I now see it's really quite awful. Between goodwill and "other intangible assets" MXO carries just under 1 billion worth of vapor on their books. Thats enough to clean out equity, long term debt and deferred taxes all combined :o) Neither one of these survivors has assets to speak of....it must be the wan hope they must someday eke out 4-5% net earnings on sales.

It will be raining again by Friday so I'll have time then to go look at the new Seagate. From your discussion I gather you're of the opinion that Wall Street hasn't changed much post-Enron.....:o)

Best.....Tom
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