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Technology Stocks : Western Digital (WDC)

WDC 158.26

+1.8%

9:40 AM EST

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To: Paul Reuben who wrote (8399)	1/8/1998 11:51:00 AM
From: Pierre-X	Read Replies (2) of 11057

Re: Techweb article ...the short-term prognosis is ugly. A combination of sub-$1,000 PCs, Asia's financial turmoil, and excess inventory are all hurting storage stocks. Hindsight is 20/20. These analysts merely proffer confirmation of trends that we've already seen. Dvorak called it BEFORE the fit really hit the shan, back in early November. Patrick Tenney ... "Seagate will emerge from this down cycle stronger." Dorks. See how they neglect to mention what exactly will bring the HDDs out of the down cycle. That's because there ain't nuthin. "There are no major operating systems or software cycles driving PC growth, so PC growth in the U.S. -- though it can look very good -- is coming from low-end PCs..." Gee, thanks for the incisive insight Patrick. <ggg> PX

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