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Technology Stocks : Western Digital (WDC)

WDC 270.16

+7.9%

Feb 2 3:59 PM EST

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To: blankmind who wrote (7286)	11/9/1997 12:26:00 AM
From: Jeff Mills	Read Replies (4) of 11057

blankmind-- PC sales may be booming, but the disk drive industry is looking more and more like the DRAM industry. Overcapacity, oversupply, and no pricing power. Sure WDC sells almost $5 Billion worth of product a year. Problem is lately they are not making much money doing it. Wall Street will lower PE and PSR ratios on DD makers. Its a commodity industry that is getting worse about pricing. These stocks will be dead money for 3-6 months. Look back to the early 90s for history. And there are no overnight answers to the present situations. The big money was made in this stock from Fall of 96 to mid-summer 97 when it ran from $40 to about $110 presplit (yes I was here for that run, first buy around $56 presplit). WDC is $24 now for a reason. Some things in the industry are going to have to change for it to come alive again.

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