Western Digital (WDC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Western Digital (WDC)

WDC 183.27

+0.7%

12:05 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Glenn D. Rudolph who wrote (7473)	11/12/1997 11:52:00 AM
From: Robert G. Harrell	Read Replies (4) of 11057

Glenn, I have posted below the rest of the revisions from yesterday's Zacks overnight. Now I would like to hear from people who have followed the DD sector for a long time about the history of analyst's estimates. Have they historically overcompensated to the downside following warnings? I was sucked into holding half my shares all the way up and all the way back down from a purchase in late May, with more purchases on the way back down, because I believed the analyst's estimates for 1998 and 1999. I also believed the "experts" who said that the days of price wars were over and that we didn't have to worry about the Asian DD manufacturers because they didn't sell into US markets. If this were true, then the projected continued strong growth for Compaq and Dell among others should have pulled WDC along for the ride. Now I don't know what to believe. From the data on WSRN.COM it looks like we are at the historic low P/E for 1992 to present but not yet to the low P/S. Someone posted on this thread in the last day or two that it would take 4 quarters to turn around. Have the DD makers ever turned around from a bad quarter in less than one year? www1.wsrn.com WDC: BANCAM/ROB STEP decreased estimate for fiscal year ending 06/98 from $3.35 to $1.64 on 11/07/97 WDC: BANCAM/ROB STEP decreased estimate for fiscal year ending 06/99 from $4.20 to $2.45 on 11/07/97 WDC: BANCAM/ROB STEP decreased estimate for quarter ending 03/98 from $0.90 to $0.30 on 11/07/97 WDC: BANCAM/ROB STEP decreased estimate for quarter ending 06/98 from $0.95 to $0.44 on 11/07/97 WDC: BANCAM/ROB STEP decreased estimate for quarter ending 12/97 from $0.83 to $0.23 on 11/07/97 WDC: BEAR STEARNS decreased estimate for fiscal year ending 06/98 from $3.40 to $1.75 on 11/07/97 WDC: BEAR STEARNS decreased estimate for fiscal year ending 06/99 from $4.00 to $2.25 on 11/07/97 WDC: BEAR STEARNS decreased estimate for quarter ending 03/98 from $0.82 to $0.33 on 11/07/97 WDC: BEAR STEARNS decreased estimate for quarter ending 03/99 from $0.95 to $0.53 on 11/07/97 WDC: BEAR STEARNS decreased estimate for quarter ending 06/98 from $1.10 to $0.52 on 11/07/97 WDC: BEAR STEARNS decreased estimate for quarter ending 06/99 from $1.18 to $0.75 on 11/07/97 WDC: BEAR STEARNS decreased estimate for quarter ending 09/98 from $0.86 to $0.46 on 11/07/97 WDC: BEAR STEARNS decreased estimate for quarter ending 12/97 from $0.81 to $0.25 on 11/07/97 WDC: BEAR STEARNS decreased estimate for quarter ending 12/98 from $1.01 to $0.55 on 11/07/97 WDC: PERSHING decreased estimate for fiscal year ending 06/99 from $4.00 to $3.25 on 11/10/97 Looking forward to some constructive dialog on this thread about the future prospects for WDC. Bob

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next