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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (40566)	1/20/2011 6:10:56 PM
From: Paul Senior	Read Replies (2) of 78763

I give up on disk drive maker WDC. Although WDC reported good results, "Western Digital Q2 beats Street"... World's No. 2 hard-drive maker Western Digital Corp (WDC.N) surprised investors with its quarterly results, indicating hard-drive sales remained robust...", there was a cautionary: "'Despite a reduction of about 2-3 million hard drives in the PC supply chain, there is still an inventory in excess of 6-8 million units in the PC manufacturers pipeline,' Chief Operating Officer Timothy Leyden said in a conference call. The inventory warning indicates that Western Digital could see a return of the supply glut that hit its results in mid-2010." I've lost confidence given these latest media reports: "Seagate shares sink on results" "Tablets May Be Hurting Hard Drive Makers" finance.yahoo.com I believe I just would rather be somewhere else and not in WDC. (Possibly that's a good contra-indicator for others who might look to buy WDC now.)

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