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Technology Stocks : Western Digital (WDC)

WDC 260.26

-3.4%

Feb 5 3:59 PM EST

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To: Thomas George Warner who wrote (7657)	11/17/1997 4:29:00 AM
From: Pierre-X	Read Replies (1) of 11057

Re: Delano Story Interesting story. Mostly educational for novice investors. But take it with a (big) grain of salt. For example: His real mistake was to sell something for $14 a share which a little study would have shown him was worth at least $30. This is BS. Show me the company that one can accurately value with "a little study". Outside investors would have had plenty of warning by carefully reading the quarterly earnings reports. This is even bigger BS. All businesses are complex entities in relationships with many other businesses. Suppliers, customers, suppliers to suppliers, customers of customers, competitors, potential competitors -- only someone savvy has a chance of comprehending the big picture. The little crumbs fed to investors in quarterly reports are typically boilerplate written to reveal as little as legally possible. I think it's clear that no one would have been able to see the current HDD -EARNINGS- problems by even the most intense scrutiny of quarterly reports. Sorry about the cynical post, Pierre

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