Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 252.66

+4.9%

Jan 27 3:59 PM EST

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To: Stitch who wrote (2110)	1/6/1998 12:10:00 AM
From: Frodo Baxter	Read Replies (4) of 9256

A CEO or IR department that tells the unfettered truth should be fired. "Yep, there's a 80% chance we're going to run out of cash." -APM "Yeah, we stuffed the channel and launched the price war, so?" -SEG "That is correct. Most of our improved performance came from stockpiling inventory in our warehouses." -WDC "To tell you the truth, we have no idea how fast DLT will grow." -QNTM "No, it's not unseasonable weather, or market volatility, or Asian contagion, or El Nino; we just had our lunch eaten by hungrier competitors." -Everybody "Look, I promise to show better performance going forward if you will allow me to cook the books now and write-off something huge. We'll reverse those charges later and put it back into earnings." -Everybody "We had a secondary because the stock's overvalued and management and the VCs wanted to bail." -hot IPOs You can't handle the truth.

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