Western Digital (WDC) Message Board

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Technology Stocks : Western Digital (WDC)

WDC 163.33

+3.5%

Nov 28 9:30 AM EST

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To: Jonathan Bird who wrote (8370)	1/3/1998 12:16:00 PM
From: Mr. Sandi Lieu	Read Replies (1) of 11057

No one knows the real bottom as no one seems to know the "real" top. News of "oversupply" and "pick up of demand" comes and goes. Stock will go up in face of bad news as well. The issue is whether buying WDC around current price represent a worthwhile speculation and on what grounds. I wish I know the real earning picture ahead, which I do not, but I speculate not all funds will be dumping shares in a company they thought so well of not so long ago. Especially the funds holding major positioins of WDC have excellent managers. Fidelity seems to have a habit of dumping shares, but others (brandywine, legg mason) may hold on. Best whishes for the New Year!

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