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Technology Stocks : Western Digital (WDC)

WDC 270.64

+8.1%

3:52 PM EST

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To: Harry Stein who wrote (7197)	11/7/1997 9:46:00 AM
From: William J. Leiby	Read Replies (2) of 11057

I just caught the tail-end of the CNBC's report this morning re WDC. Aparently their is very strong demand for drives, but the problem is pricing. (Can you say "overcapacity"?) I am not being cynical here but I can now probably understand why the company did not want to respond to my inquiries. I do find it irritating tho when the IR guy tells me that the (problem) is a short term thing. No hint whatsoever of a real fundamental problem from him. When I see CPQ almost on a daily basis slash prices on their machines......when I talked to a guy who works for computer equipment distributorship where he indicated stuff is flying off the shelves "but their is fierce pricing pressure".....when inquiries to the company go unanswered.......when I see the stock price plunge .......maybe their IS a fundamental reason. Ah well, it appears we've got a dead stock for awhile. I still think management and the board should look into a merger, IMHO. Regards, Bill

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