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Technology Stocks : Full Disclosure Trading
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To: Sarmad Y. Hermiz who wrote (9737)2/2/2005 8:58:24 PM
From: Sarmad Y. Hermiz  Read Replies (1) of 13403
 
STX bot 15,000 shares @ 17.00 avg.

Sold corresponding shares of wdc.

Last quarter, WDC and STX are the only two drive companies to make a profit.

STX made $144m (gaap).
WDC made $57m (gaap).

Hitachi drive ops lost $48m.
I expect MXO to post $80 to $100m loss (report date 2/3/05).
And samsung doesn't publicize its losses, but they got to be in the hundreds of $millions.
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