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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (15394)12/9/1997 11:30:00 PM
From: Nancy  Read Replies (1) of 50167
 
<<I base my opinions on forecasts I make on earning
growth and contnued macro economic fundamentals- will remain to do so.>>

Very good. Let's talk fundamentals. There is no earning growth on WDC in next 9-12 months even the company itself sees that. The continued macro economic fundamentals also suggest that with severe pricing pressure coming from Japan and slowing growth of worldwide PC demand, no way the DD makers can grow their profit. They would be lucky just to make a little money. INTC, until we have another "killer app", nobody needs faster PC. Until then, INTC will continue to be under pressure.

for the record, I long both INTC & WDC but I would not be blindly bull and make bold prediction.
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