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Technology Stocks : Western Digital (WDC)

WDC 157.75

+1.5%

Nov 26 3:59 PM EST

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To: Paul Mathis who wrote (7995)	12/3/1997 9:58:00 PM
From: T Bowl	Read Replies (2) of 11057

Another round due?? Further details on post #7978 * Hambrecht & Quist LLC said it cut earnings estimates for WESTERN DIGITAL CORP following the company's announcement early Tuesday that results for the 2Q will be below prior estimates. It cut fiscal year 1998 earnings estimate to a profit of $0.30 a share from a previous estimate of profit $1.40. It expects the company to post a break-even 2Q, a loss of $0.25 a share in the fiscal 3Q and a loss of $0.12 a share in the fiscal 4Q. (Reuters 01:53 PM ET 12/03/97) Current First Call range(pre the last "warning") is: 2Q $0.21 to $0.28 <==H&Q $0.00 3Q $0.22 to $0.41 <==H&Q $-0.25 FY98 $1.65 to $1.80 <==H&Q $0.30 This must be what WDC meant by break-even in DecQ and "modestly profitable" for FY98. I wonder what they are predicting for 99? todd

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