Western Digital (WDC) Message Board

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Technology Stocks : Western Digital (WDC)

WDC 157.75

+0.4%

Nov 14 9:30 AM EST

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To: michael97123 who wrote (10831)	10/23/2003 10:04:25 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 11057

Michael, I'm very pleased with WD's report. Especially that the head ops are going well. And the gross margin plans are working out. With one exception (Rich Koogle), the analysts have a hate attitude toward WDC. So I don't think any of them will upgrade tomorrow. I will just continue to hold my ton and a half of shares, and let the share price catch up with the earnings. WD is on track to earn approx $1.00 this fiscal (or calendar) year. I have to qualms about holding. A P/E of 13 is way under-priced. Especially since the concerns/rumors raised by analysts turned out to be untrue. You're right that the market seems to want to sell-off. I'll just wait it out. I feel very confident WD's price will be above 15 before year end. Sarmad

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