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Technology Stocks : Western Digital (WDC)
WDC 139.09-0.8%Nov 21 9:30 AM EST
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To: TCGNJ who wrote (8281)12/22/1997 11:59:00 AM
From: Thomas Haegin  Read Replies (1) of 11057
 
More downside in WDC?

TCG,

I'm really not good in forecasting price targets. What I do see is that DD is in a mess right now, WDC is a little behind in the change-over to MR technology, and severe pricing pressures are currently going on. I feel like most part of the DD story is priced into the stock already. From this I would be rather surprised if they continue to sink much lower based on what we know today.

However, if the DD world came to an end, further declines in stock prices must be expected. As you may know, I'm long WDC. In principal, I plan to buy more even if prices decline further, but right now I'm not fundamentally convinced to commit more money to WDC. I guess sometimes after their announcement for 12/97 I'll call up Bob Blair again and ask him whether there have been any changes to the positive for the industry or WDC in particular. Maybe other people that post here will be able sometimes to make a case that fundamentals are changing. Apparently, this is not the case yet.

If you don't own WDC right now, there is probably no rush to buy it. I guess others are more convinced of QNTM anyway.

Maybe the key to all lies in Asia - and on the SI Asia Forum <g>.

I hope this helps a bit.
Thomas
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