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Technology Stocks : Western Digital (WDC)

WDC 163.33

+3.5%

Nov 28 4:00 PM EST

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To: Shi who wrote (7889)	11/28/1997 10:49:00 PM
From: Jeff Olson	Read Replies (1) of 11057

Money magazine recomends WDC in 1998 Forecast issue. Jim Stroud, one of Money's all star brokers, says "The stock of this Irvine, CA firm is down 62% from its '97 high of $55 after WDC disclosed that escalating price wars in the latter half of this year will result in earnings coming in significantly below analysts' forecasts. Next year, however, Stroud sees WDC's push into brawnier, high-priced drives pumping up profit margins and propelling earning 15%. His 12-month target is $37, a 76% rebound." At last, some good news on this stock.

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