Western Digital (WDC) Message Board

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Technology Stocks : Western Digital (WDC)

WDC 163.91

+0.4%

1:33 PM EST

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To: Shi who wrote (7931)	12/2/1997 6:08:00 PM
From: Kenwood Sun	Read Replies (1) of 11057

I think in most cases stock's prices is irrelevant to the compnay's earnings. WDC still have earnings for this FY even if their $90 million charges, well, $10~$15 a share is said to be a fair value. What about those companies which never made a penny in a year, while their stock is $40-$50? Some one may say stock price is determined based on the quarterly or yearly growth rate, if that is true, I think WDC will definitely be back to $50's when the company's quarter earning resumes to even $.30/share from $.20/share which is the analysts' currently estimate. WDC may be playing a trick now, by lowering earnings estimate for this quarter, the company can easily beat the street estimate in the next quarter. Who knows.

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