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Technology Stocks : Full Disclosure Trading
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To: advocatedevil who wrote (3395)12/23/2002 2:08:55 PM
From: Sarmad Y. Hermiz  Read Replies (1) of 13403
 
OT ** WDC,

AD, my wdc investment - which I have 110k shares, is based squarely on my assumption that they will earn approx 18c-22c this Q. This is much higher than the guidance they gave back on Oct 20, which was for 13c-15c earnings on $620m rev.

My calculation goes thus.

$620m x 16% gross margin = $99.2 m gross profit.
subtract $31m research, and $27m general exp = $42m almost net profit.

subtract interest and tax of approx $4.2 m = $38m net profit.

Which is 20c/sh (for 190m shares).

If these assumptions are wrong, then the conclusion is also wrong.

Sarmad
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