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Technology Stocks : Western Digital (WDC)

WDC 155.64

-2.7%

Dec 3 3:59 PM EST

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To: Glenn D. Rudolph who wrote (7575)	11/14/1997 1:48:00 AM
From: Philip Aaron Etttedgui	Read Replies (5) of 11057

ALL: To Reiterate: NEVER TRUST WALL STREET ANALYSTS. Their constant forcasting blunders and endless revisions give them absolutely zero credibility and seriously weaken their influence. From what I know and from what I hear from a myriad of resellers, prices are continuing to fall week after week. Expect ruthless cost-cutting on the part of WDC management this quarter. Large-scale layoffs are around the corner. This will be true for all the dd makers. WDC has the edge however primarily because of their lack of debt, strong and growing marketshare, and superior management. Profit margins will indeed stay firm as Haggerty and his top-notch management execute a dramatic restructuring of the company. You will see, Haggerty will take this company straight to the top. And another thing, stop trying to forcast earnings (or listen to those forcasts) and start appreciating the collossal value of this company. This is a $100 stock at fair value trading for 21 bucks. You do the math... buy more shares....make plans for retirement...and stop watching that damn ticker! --Phil

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