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Technology Stocks : Western Digital (WDC)
WDC 276.00+2.2%10:10 AM EST
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To: William T. Katz who wrote (8564)1/29/1998 4:54:00 PM
From: Jonathan Bird  Read Replies (4) of 11057
 
WDC says:
The Company reported net income of approximately $2.4 million and $.03 diluted earnings per share, excluding special charges of approximately $148 million.

But on Dec 2 they said:
plan to take one-time charges in the second quarter totaling in the range of $85-$95 million.

So thats an unexpected charge of 61 cents past what they said they would take.

And yet excluding charges they beat by 4 cents. Will the street buy into it? Smoke and mirrors? What do you guys think?

Jon Bird
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