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Technology Stocks : Western Digital (WDC)

WDC 155.64

-2.7%

3:59 PM EST

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To: Kenwood Sun who wrote (8022)	12/4/1997 5:35:00 PM
From: mike mccann	Read Replies (1) of 11057

I see Hambrecht & Quist has cut their fiscal '98 earnings estimate to .30, down from 1.40. And that's operating profit.. there's no charges in there. With today's close at 17-15/16, that gives you a PE ratio of 60! Why on earth would anyone want to own this stock at this astronomical price? Mike

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