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Technology Stocks : Full Disclosure Trading

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To: Sam Citron who wrote (6218)	7/7/2003 3:12:16 AM
From: Sarmad Y. Hermiz	Read Replies (1) of 13403

OT, Sam, I have some idea why speculators have decided to pile into wdc/mxo/stx. I think that shorts are giving up on the prospect of a collapse of disk-drive prices. Suppliers have gone out of business. Drive makers are facing less competition. There has been no investment in this business in years. And demand is exploding. I think the long-awaited revaluation of profitable companies to a more suitable P/E - like 15. Anyway, if my sentiment counts for anything, I am now at a high watermark as far as number of shares owned. And I continue to expect that WDC proper price is a P/E of 17, for forward earnings of $1.30 in 2004. In the new spirit of market humility, I'll say that I could be wrong, and often are. I've been on vacation in sunny southern California for a couple weeks now. Hence late reply. I guess wdc is doing quite fine without my doting encouragement. Sarmad

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